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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Fort Myers
MLS Listing ID 2025019650
Style Resale Property
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1980
Annual Tax Amount $5,947
Tax Year 2025
Lot Size 0.340 Acres
Acres 0.34
Property Sub-Type Quadruplex
Source Florida Gulf Coast
Property Description
and is fully occupied with long-term renters, providing immediate and reliable income.
Thoughtful renovations on the lower two units completed in 2022 following Hurricane Ian. These units showcase coastal-inspired tile plank flooring, fresh drywall and insulation, updated electrical, updated baseboards, and light, airy interior paint. Kitchens on the lower level have been refreshed with modern appliances, updated cabinetry, granite countertops, and sleek fixtures—perfect for relaxed beachside living.
Additionally, the upper left unit underwent a complete remodel in 2021, including a fully updated bathroom, new kitchen cabinets with granite countertops, new range, microwave, and refrigerator, kitchen LVP flooring, new carpet, updated electrical, modern fixtures, and fresh paint throughout. Upper right also has significant improvements providing confidence for years to come, including a new roof installed in 2023 and all HVAC replacements in 2021, 2023, and 2024. The front and rear lanais were fully rebuilt in 2023 with new framing and screens, creating inviting outdoor spaces to enjoy the Florida breeze. Adding to the property's appeal is a spacious, fenced-in backyard complete with owners shed—an inviting outdoor retreat ideal for relaxing evenings, tenant enjoyment, and enhancing rental desirability.
With its desirable location near Sanibel's beaches, extensive updates, and an impressive 7.1% cap rate, this quadplex offers a rare opportunity to combine strong cash flow with the charm of coastal living. Serious offers only.
Location
State FL
County Lee
Community No Subdivision
Area Fort Myers
Zoning RM-2
Interior
Heating Central Electric
Flooring Carpet, Tile, Vinyl
Fireplace No
Heat Source Central Electric
Exterior
Fence Fenced
Amenities Available Bike Storage, Play Area, See Remarks
Waterfront Description None
Roof Type Shingle
Street Surface Paved
Garage No
Private Pool No
Building
Lot Description Regular
Water Central
Architectural Style Two Story, Quadraplex
Structure Type Concrete Block,Stucco
New Construction No
Others
Pets Allowed With Approval
Senior Community No
Tax ID 02-46-23-04-00000.0020
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