Address
1107/1111 7th Way, North Fort Myers, FL
Price
$ 245,000
Property Attributes
  • MLS#224036802
  • TypeMulti-Family
  • CountyLEE
  • CityNorth Fort Myers
  • AreaFN06 - North Fort Myers Area
  • NeighborhoodNORTH FORT MYERS
  • Zip33903
  • StyleDuplex
  • Year Built1961
  • Taxes$ 2136
  • Price$ 245,000
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage432
  • Lot Size0.096 Acres
Data Source:
Florida Gulf Coast MLS (SWFLMLS)
Property Description

Calling all investors! This duplex property offers reliable rental income! Each unit features 1 bed/1 bath with spacious screened porch/lanai and an extra storage space. Conveniently located off Edison Bridge headed into North Fort Myers in close proximity to historical Downtown Fort Myers and amazing Cape Coral Shopping Centers. Both sides of duplex are on a one year lease renting at $1200 per month per side. Property is tenant occupied and all showings require 24 hour notice. This duplex is back to back with 1108 8th Way (MLS# 224036599) duplex owned by same seller and also available for sale. Making this a great opportunity to turn this into a quadplex package. Both properties have same layout.

Price History
4/23/2024 Listed $255,000
5/6/2024 2% - $250,000
5/29/2024 2% - $245,000

General Features

Sewer PublicSewer
Heating None
Cooling CeilingFans,WindowUnits
Utilities CableAvailable
Possession CloseOfEscrow
Roof Shingle
Exterior Features None
HOA 0.0
Architectural Style Duplex
Construction Materials Block,Concrete,Stucco
Pets Allowed Yes
Year Built 1961
Tenant Pays Electricity,PetDeposit
Property SubType Duplex
Tax Year 2023
Waterfront Features None
Community Features NonGated
County Lee
Net Operating Income 25604.0
Operating Expense 3496.0
New Construction No
Property Type ResidentialIncome
Association Amenities Storage
HOA / Comm Assn No
Attached Garage No
Subdivision Name NORTH FORT MYERS
Garage Y/N No
Status Active
Directions Please use GPS.
City NORTH FORT MYERS
Disclosures FamilialRelation
Land Lease Amount 0.0
View Y/N No
Senior Community Y/N No
Zoning Description TFC2
NumberOfUnitsTotal 1
MLS Area FN06 - North Fort Myers Area
Lot Size Units Acres
Waterfront Y/N No
Carport Y/N No
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 2136.18
Home Warranty Y/N No
Property Condition Resale
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 36
Structure Type Duplex
Standard Status Active
Tax Lot 27
Property Sub Type Additional Duplex
MobileHomeRemainsYN No
PostalCity NORTH FORT MYERS
Legal Description CABANA CITY BLK H PB 8 PG 61 LOTS 27 THRU 33 INCL
Condo Fee 0.0

Interior Features

Flooring Tile
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N No
Window Features SingleHung
Fireplace Y/N No
Full Baths 2
Total Bedrooms 2
Electric On Property Y/N No
Total Baths 2

Exterior Features

Lot Features RectangularLot
Water Source Public
Lot Size Area 0.096
Horses No
Spa No
Irrigation/Water Rights No
Building Area Total 432.0
Lot Dimensions 72 x 60 x 72 x 60
Lot Size Acres 0.096
Road Surface Type Paved
Lot Size Source Appraiser
Covered Spaces 0.0
Crops Included Y/N No
Road Responsibility PublicMaintainedRoad
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No
LotDimensionsSource Appraiser

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 33903

Price
AVG $490K
$250K
Taxes
AVG $3,794
$2,136
Visits
AVG 200
283
Data Provided by Inside Real Estate®
Year Built
AVG 1973
1961

Areas We Cover