FL > Fort Myers > Dean Park
Fort Myers, FL 33916,2668-2674 Michigan AVE
Fort Myers, FL 33916,2668-2674 Michigan AVE
Fort Myers, FL 33916,2668-2674 Michigan AVE
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Milton Knight, CRS

Milton Knight, CRS

+1(786) 917-3337
$499,000
Est. payment /mo
4 Beds
2 Baths
1,800 SqFt
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UPDATED:

02/25/2025 06:26 AM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,800 sqft

Price per Sqft $277

Subdivision Dean Park

MLS Listing ID 225021049

Style Ranch,One Story,Duplex

Bedrooms 4

Full Baths 2

Construction Status Resale

HOA Y/N No

Year Built 1957

Annual Tax Amount $4,035

Tax Year 2023

Lot Size 7,448 Sqft

Acres 0.171

Lot Dimensions Appraiser

Property Sub-Type Duplex

Property Description

This charming corner lot property is situated in the highly desirable Dean Park District of Fort Myers. Featuring a new standing seam metal roof, impact windows, tankless water heaters, and elevated HVAC units, this income producing property is outfitted to withstand wear and tear from both tenants and the elements, allowing a potential buyer to focus on generating income rather than attending to maintenance issues. In terms of amenities, this property features twin carports with attached laundry rooms and a large fenced in back yard. The location is also unbeatable, providing residents walking access to downtown Fort Myers while affording them all of the peace and serenity that Dean Park living offers. The left side of this duplex is occupied by an annual tenant at more than $2,000 per month and the right side unit is currently operated as a vacation rental (renting at more than $4,500 per month for season), providing ample opportunity for owner occupants to take advantage of the income from the left unit while living in the right unit or continuing to rent this side as a vacation rental. For investors looking to maximize cash flow without the complexity of managing short term rentals, there have been multiple applications for annual tenancy of the right side at $2,400 per month. Possible annualized gross income of $57,600 with both sides rented at $2,400 per month or more with the right side rented as a vacation rental!

This property features an assumable flood insurance policy, providing coverage through the end of 2025 (December 1st, 2025). Seller has already procured a renewal flood policy quote at $5,110 annually which would extend coverage through December 1st of 2026. Seller is including funds for this renewal as a credit to buyer at closing, meaning that buyers can rest assured knowing that flood coverage can be in place for two hurricane seasons, should they choose to allocate this $5,110 credit toward the quoted policy renewal.

Agent/Owner Disclaimer- Listing agent possesses an ownership interest in the property.

Location

State FL

County Lee

Community Dean Park

Area Dt01 - Downtown Fort Myers

Rooms

Bedroom Description NaN

Interior

Interior Features High Speed Internet

Heating Central, Electric

Cooling Central Air, Electric

Flooring Concrete

Fireplace No

Window Features Impact Glass

Exterior

Exterior Feature Fence

Utilities Available Cable Available

Amenities Available Dog Park, Park, Sidewalks

Waterfront Description None

Water Access Desc Assessment Paid

Roof Type Metal

Garage No

Private Pool No

Building

Lot Description Corner Lot

Dwelling Type Duplex

Sewer Assessment Paid

Water Assessment Paid

Architectural Style Ranch, One Story, Duplex

Structure Type Block,Concrete,Stucco

Construction Status Resale

Others

Pets Allowed Call, Conditional

Senior Community No

Acceptable Financing All Financing Considered, Cash, Owner May Carry

Listing Terms All Financing Considered, Cash, Owner May Carry

Pets Allowed Call, Conditional

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Listed by Premier Sotheby's Int'l Realty • Palmer Rosen

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agent

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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