2674-2674 Michigan AVE Active

Fort Myers,FL 33916

$ 549000

4 Beds

2 Baths

- SqFt


Key Details

Property Type Single Family Home, Multi-Family

Sub Type Ranch,Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Dean Park

MLS Listing ID 224100587

Bedrooms 4

Full Baths 2

Year Built 1957

Annual Tax Amount $4,035

Tax Year 2023

Lot Size 7,448 Sqft

Property Description

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.

Location

State FL

County Lee

Area Dean Park

Zoning RS-7

Interior

Heating Central Electric

Flooring Concrete

Exterior

Fence Fenced

Community Features Park,Dog Park,Sidewalks

Amenities Available Park,Dog Park,Internet Access,Sidewalk

Waterfront Description None

Roof Type Metal

Building

Lot Description Corner Lot

Water Assessment Paid

Structure Type Concrete Block,Stucco

New Construction No

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