Fort Myers Beach, FL 33931,229 Fairweather LN
Fort Myers Beach, FL 33931,229 Fairweather LN
Fort Myers Beach, FL 33931,229 Fairweather LN
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$900,000
Est. payment /mo
4 Beds
4 Baths
1,840 SqFt
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UPDATED:

12/13/2024 05:20 AM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,840 sqft

Price per Sqft $489

Subdivision Beach Estates

MLS Listing ID 224051861

Style Two Story

Bedrooms 4

Full Baths 4

Construction Status Resale

HOA Y/N No

Year Built 1965

Annual Tax Amount $6,373

Tax Year 2023

Lot Size 4,443 Sqft

Acres 0.102

Lot Dimensions Appraiser

Property Description

Price Improvement! This quadraplex has a productive history as a vacation rental and also as a long term rental investment. It is located in a weekly rental zone enhancing the investment opportunities. It has 4 recently renovated one-bedroom, one-bath units each with a full kitchen and a living and dining area. Recent renovations include 4 totally new bathrooms, 2 new kitchens and a new roof in 2017. The roof was unaffected by Ian as it was built with additional anchors at every foot to keep the structure secure. The hot water heaters are new and the first floor units have new wiring and plumbing. Floors throughout the 4 units are attractive ceramic tile. There is one parking space assigned for each apartment. The building also offers a common washer and dryer and a peaceful patio in a tropical backyard setting.
The location is ideal! It is a short leisurely walk to the beach. A beach access point is conveniently located approximately one block from the property. Access to Fort Myers Beach is open year-round from sunrise until past sunset. Guests will enjoy walking to Times Square and visiting a variety of shops and restaurants and a fishing pier. This property has a steady history of guests who have enjoyed fishing from the nearby pier or boating along the Gulf and stopping to dine at all the popular seafood restaurants. There are also parks in close proximity and many opportunities to travel to Sanibel and Captiva or take the jet powered catamarans from Fort Myers Beach to beautiful Key West. As a vacation rental the gross rent was $90,000 to $100,000 per year minus expenses for tourist tax and cleaning. The current income is from long term rentals with stable leases of $1600 monthly for each of three units and $1000 per month for the fourth tenant. There is $70,000 - $76,000 per year long term rental income. All 4 tenants would like to stay. If you are an investor looking for a steady income either as a long term or vacation rental asset this is the place for you. If you love the beach and all it has to offer, consider using one of the units for yourself and renting out the others for a steady and reliable profit. The first floor unit on the right will be available for initial tours. Once there is continued interest the others will be available. The two first floor units sustained some drywall damage from Milton. The affected drywall was removed the next day and has been replaced.

Location

State FL

County Lee

Community Beach Estates

Area Fb02 - Crescent Street To Gulf B

Rooms

Bedroom Description NaN

Interior

Heating None

Cooling Ceiling Fan(s), Window Unit(s), Wall Unit(s)

Flooring Tile

Fireplace No

Window Features Single Hung

Laundry Common Area

Exterior

Exterior Feature Patio

Community Features Boat Facilities, Non- Gated

Utilities Available Cable Available

Amenities Available Laundry

Waterfront Description None

Water Access Desc Assessment Paid,Public

Roof Type Built- Up, Flat

Porch Patio

Garage No

Private Pool No

Building

Lot Description Rectangular Lot

Dwelling Type Quadruplex

Entry Level Two

Sewer Assessment Paid, Public Sewer

Water Assessment Paid, Public

Architectural Style Two Story

Level or Stories Two

Structure Type Stucco,Wood Frame

Construction Status Resale

Others

Pets Allowed Yes

Senior Community No

Tax ID 19-46-24-W3-0110C.0200

Acceptable Financing All Financing Considered, Cash

Listing Terms All Financing Considered, Cash

Pets Allowed Yes


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Listed by Sellstate Priority Realty • Carol Hilleary

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Milton Knight, CRS

+1(786) 917-3337

Principal Real Estate Broker | License ID: 0663675

Principal Real Estate Broker License ID: 0663675

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