$1,600,000
$1,760,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
5530 Palmetto ST Fort Myers Beach, FL 33931
5 Beds
5 Baths
5,619 Sqft Lot
Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision Gulf Heights
MLS Listing ID 221087309
Sold Date 02/15/22
Style Stilts
Bedrooms 5
Full Baths 5
Originating Board Bonita Springs
Year Built 1974
Annual Tax Amount $6,317
Tax Year 2020
Lot Size 5,619 Sqft
Acres 0.129
Property Description
MONEY MAKING, MULTI UNIT, 5 BED /5 BATH WEEKLY RENTAL ZONE POOL HOME! The property is perfectly located with less than a 3 minute walk to the Gulf of Mexico’s sugar sand beach via access #16! Upgraded and fresh turnkey multi-unit with two - 2BR/2Bath units and one - 1BR/1Bath unit. All THREE units are registered as short term vacation rentals with Town of Ft. Myers Beach! Each unit has a pullout for adding at least 2 "heads-on-beds" per unit! Palmetto Street is located in a quiet and popular vacation neighborhood. There is a washer and dryer for each unit. Each unit has its own private screen porch as well. The yard is enclosed with a privacy fence. Exceptionally large parking area for at least 8 cars. YTD bookings as of 9/30/2021 are at $120K. Total projected gross income for 2021 is $160K+ gross revenue! Bookings are already scheduled for 2022! CAP rate at approximately 7%. This is an easy "Plug-and-Play" positive cash flow investor opportunity. The perfect getaway location that your guests will enjoy – a true 5 Star review champion!
Location
State FL
County Lee
Area Fb04 - Avenida Pescadora To S.Bd
Zoning TFC2
Interior
Heating Central Electric
Cooling Ceiling Fan(s), Central Electric
Flooring Tile, Vinyl
Window Features Other, Sliding
Exterior
Exterior Feature Storage
Fence Fenced
Pool Above Ground
Community Features Beach Access, Non-Gated
Utilities Available Cable Available
Waterfront No
Waterfront Description None
Roof Type Metal
Porch Patio
Private Pool Yes
Building
Lot Description Regular
Sewer Central
Water Central
Architectural Style Stilts
Level or Stories Split level
Structure Type Wood Frame, Vinyl Siding
New Construction No
Others
Tax ID 33-46-24-W1-00204.0090
Acceptable Financing Buyer Finance/Cash
Listing Terms Buyer Finance/Cash
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Bought with Barclays Real Estate Group 1