11
See all 11 photos
$2,495,000
Est. payment /mo
7,013 Sqft Lot
Active
487 Mississippi AVE Fort Myers, FL 33905
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 225036187
Style Resale Property
HOA Y/N No
Year Built 1958
Annual Tax Amount $2,154
Tax Year 2024
Lot Size 7,013 Sqft
Acres 0.161
Source Bonita Springs
Property Description
Exceptional Investment Opportunity. This is a BUNDLE OF TEN RESIDENTIAL PROPERTIES with at least 7% Cap Rate. Take advantage of this outstanding cash-flowing investment opportunity strategically located near downtown Fort Myers and the historic River District. This portfolio is perfect for investors looking to enhance their assets with reliable, revenue-generating properties. The portfolio includes 10 properties total, 8 are fully leased, with annual contracts, providing stable and consistent cash flow, and 2 are currently vacant. The two properties that are currently vacant are: 12313 3rd St, which previously rented for $2,800 per month, and 1015 Alderman, which rented for $3,200 per month. Both offer immediate potential for income generation. Many of the homes in this bundle have been thoughtfully updated, showcasing new flooring, modern kitchens, fresh exterior paint, and several properties boasting brand-new roofs. Each home represents an incredible opportunity for investors aiming to expand their portfolios with high-quality, income-producing properties. Don't miss out on your chance to secure this lucrative investment with strong returns. For further details, please refer to the remarks. Act quickly—opportunities like this are highly sought after and won't last long!
Location
State FL
County Lee
Zoning TFC-2
Interior
Inclusions Building And Land
Fireplace No
Exterior
Waterfront Description None
Garage No
Building
Story 1
Level or Stories 1
New Construction No
Others
Senior Community No
Tax ID 04-44-25-15-0000D.0100
Listed by Realty World J. PAVICH R.E. • Joe R Pavich