🏡 .62 Acre Subdividable & Turnkey Instant Equity Rental – North Fort Myers! 🏡

Description

🏡 .62 ACRE SUBDIVIDABLE & TURNKEY INSTANT EQUITY RENTAL – NORTH FORT MYERS! 🏡
Welcome to a sought after investment opportunity! This remarkable single-family home in North Fort Myers offers substantial instant equity of $90-110k, along with a large subdividable lot, making it very lucrative to the creative investor.

The primary exit strategy would be to subdivide the lot, recoup 40-60% of your investment via selling the subdivided lot while keeping the primary home as a rental.

Key Investment Highlights:

Double Lot with Subdivision Potential: Unlock the full potential of this property with its spacious double lot. With the potential for subdivision, investors can explore various strategies such as building additional homes for rental income or selling off parcels for a quick profit.
Instant Equity: Benefit from a significant $90-110k instant equity, providing a solid foundation for a profitable investment venture from day one.
Prime Location: Situated in North Fort Myers, this property enjoys a strategic location near essential amenities, schools, and entertainment hubs, promising high demand from potential tenants or buyers.

New HVAC & Roof: Major expenditures such as HVAC system replacement and a 2-year-old roof have already been taken care of, minimizing immediate capital outlay and maximizing potential returns on investment.

Low Maintenance: Enjoy the ease of ownership with minimal maintenance requirements. This property is move-in ready and impeccably maintained, reducing operational costs and enhancing overall profitability.

Additional Investment Details:

$2,500-$2,750/mo LTR rates
$4,000-$4,500/mo STR rates and MTR potential
Open Floor Plan: Ideal for attracting tenants or buyers seeking modern living spaces.
Updated Kitchen: Equipped with modern appliances, enhancing property appeal and rental potential.
Outdoor Potential: The expansive backyard presents opportunities for value-added amenities or additional structures to attract premium tenants or buyers.

ON-MARKET COMPS
62 Wolcott Dr, North Fort Myers, FL 33903 (.59 acre lot)
PENDING: $325k

SOLD COMPS
4335 Saint Clair Ave W, North Fort Myers, FL 33903
SOLD: $321k

1831 Inlet Dr, North Fort Myers, FL 33903
SOLD: $340k