Active

2674-2674 Michigan AVE

FORT MYERS FL, 33916

$549,000


Active

4 Beds

2 Baths

Multi-family

Built in 1957

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, providing ample opportunity for owner occupants to take advantage of the income from the left unit while living in the right unit. For investors looking to maximize cash flow, 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.

This property features an assumable flood insurance policy, providing coverage through the end of 2025. Agent/Owner Disclaimer- Listing agent possesses an ownership interest in the property.

224100587

MLS ID

December 11, 2024

Listed

December 11, 2024

Updated

Map

2674-2674 Michigan AVE
FORT MYERS FL, 33916

Interior Features

Total Stories

1


Bedrooms

4


Total Bathrooms

2


Full Bathrooms

2


Floor Description

Concrete


Fireplace

No


Cooling

Yes


Cooling Description

Central Electric


Heating

Yes


Heating Description

Central Electric

Exterior/Building Features

Lot Size

0.17 Acres


Lot Features

Corner Lot


Roof

Metal


Sewer

Assessment Paid

Other Property Details

Area Name

DT01 - Downtown Fort Myers


Taxes

$4,036


Tax Frequency

Annually


Garage

No


View

No


County

Lee


Water Source

Assessment Paid


Pool

No


Zoning

RS-7

Listed by Palmer Rosen with Premier Sotheby's Int'l Realty 239-410-7115

The IDX display contains information sourced from the Bonita Springs Association of REALTORS® as of 12/11/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Bonita Springs Association of REALTORS® all rights reserved.

Data last updated on 12/11/2024 at 11:41 PM UTC

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