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1281 Barrett Road

North Fort Myers, FL 33903
  • $489,900
  • STATUS: Active
  • ON SITE: 171 Days
  • MLS #: 222045979
$489,900
  • 5
    BEDS
  • 0.59
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1982
County:
Lee

School Ratings & Info

Description

Check out this multifamily complex on the market! This property features a quadplex, (4 units), and a separated 1 unit building. This property is sitting at a 6.5% Cap Rate with potential of a value add! The separate 5th unit includes a fridge, sink, stovetop, standing shower, toilet, & wall AC unit... Each standard unit of the quadplex is 1 bed 1 bath. 2 have wall A/c and 2 have central air. Cable is available. Unit 1 is remodeled, unit 2 is the largest unit with a den but no closet so it is still considered a 1/1. Units 3 & 4 are standard 1/1's. This property also features an oversized shop across from unit 4, which would allow for a duplex conversion to increase doors. The Quadplex has a new roof installed. Water and electric is connected to 1 meter. All 5 units have tenants in place as well as property management in place. There is a shared common area for laundry on site. Please call with any questions I will answer them to the best of my knowledge. I have leases to share if needed. This Property has huge upside potential! Agents Please See Remarks in regards to showings.

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© 2022 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Clausen Properties, Inc.. Data last updated 2022-12-04T00:31:03.43.
www.clausenproperties.com/homes/129874859
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1281 Barrett Road North Fort Myers, FL 33903

  • Price: $489,900
  • Status: Active
  • On Site: 171 Days
  • MLS #: 222045979
5
Beds
6
Baths
0
½ Baths
0.59
Acres
1982
Built
Neighborhood:
North Fort Myers
County:
Lee
Area:
Fn03 - North Fort Myers Area
Property Description
Check out this multifamily complex on the market! This property features a quadplex, (4 units), and a separated 1 unit building. This property is sitting at a 6.5% Cap Rate with potential of a value add! The separate 5th unit includes a fridge, sink, stovetop, standing shower, toilet, & wall AC unit... Each standard unit of the quadplex is 1 bed 1 bath. 2 have wall A/c and 2 have central air. Cable is available. Unit 1 is remodeled, unit 2 is the largest unit with a den but no closet so it is still considered a 1/1. Units 3 & 4 are standard 1/1's. This property also features an oversized shop across from unit 4, which would allow for a duplex conversion to increase doors. The Quadplex has a new roof installed. Water and electric is connected to 1 meter. All 5 units have tenants in place as well as property management in place. There is a shared common area for laundry on site. Please call with any questions I will answer them to the best of my knowledge. I have leases to share if needed. This Property has huge upside potential! Agents Please See Remarks in regards to showings.
Exterior Features

Architectural Style RanchOne Story Construction Materials BlockConcreteStucco Covered Spaces 0 Irrigation Source Municipal Lot Features Rectangular Lot Lot Size Dimensions 118 X 228 X 115 X 228 Roof Shingle Structure Type Quadruplex Waterfront Features None Waterfront YN No

Interior Features

Cooling Central AirElectricWall Unit(S) Flooring Tile Heating CentralElectricWall Furnace Window Features Double Hung

Property Features

Association Amenities See Remarks Community Features Non-Gated Development Name NORTH FORT MYERS Gross Scheduled Income 60540 Gulf Access YN 0 Hoa Fee 0 Land Lease Amount 0 Listing Terms All Financing ConsideredCash Master Hoa Fee 0 Net Operating Income 44540 Operating Expense 15539 Pets Allowed CallConditional Pool Private YN No Potential Short Sale YN N Property Condition Resale Property Sub Type Quadruplex Restrictions Sewer Public Sewer Spa YN No Tax Annual Amount 4695.8 Tax Block 31 Tax Year 2021 Tenant Pays Application Fee Water Source Public Zoning Description Rs-1

Listing courtesy of Tyler Kinney of Cozza Investment Group Inc: 239-278-0028.


© 2022 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Clausen Properties, Inc.. Data last updated 2022-12-04T00:31:03.43.
 
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