Fort Myers Beach, FL 33931,5530 Palmetto ST
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Fort Myers Beach, FL 33931,5530 Palmetto ST
Fort Myers Beach, FL 33931,5530 Palmetto ST
Fort Myers Beach, FL 33931,5530 Palmetto ST
Fort Myers Beach, FL 33931,5530 Palmetto ST

$1,600,000

Est. payment /mo

$1,760,000

9.1%
Est.Price: ?

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5530 Palmetto ST Fort Myers Beach, FL 33931

5 Beds

5 Baths

5,619 Sqft Lot

SOLD DATE : 02/15/2022

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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Listed by Current Coastal Realty • J Alex King
Bought with Barclays Real Estate Group 1

George Canciobello

Broker | License ID: 3408243

+1(305) 467-5520

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