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5530 Palmetto ST Fort Myers Beach, FL 33931
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Key Details
Sold Price $1,600,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,188 sqft
Price per Sqft $731
Subdivision Gulf Heights
MLS Listing ID 221087309
Sold Date 02/15/22
Style Split-Level,Stilt
Bedrooms 5
Full Baths 5
Construction Status Resale
HOA Y/N No
Year Built 1974
Annual Tax Amount $6,317
Tax Year 2020
Lot Size 5,619 Sqft
Acres 0.129
Lot Dimensions Measured
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
Community Gulf Heights
Area Fb04 - Avenida Pescadora To S.Bd
Rooms
Bedroom Description NaN
Interior
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Electric
Flooring Tile, Vinyl
Fireplace No
Window Features Other,Sliding
Exterior
Exterior Feature Fence, Patio, Storage
Pool Above Ground
Community Features Non- Gated
Amenities Available Beach Rights, Beach Access
Waterfront No
Waterfront Description None
Water Access Desc Public
Roof Type Metal
Porch Patio
Garage No
Private Pool Yes
Building
Lot Description Rectangular Lot
Entry Level Multi/Split
Foundation Pillar/ Post/ Pier
Sewer Public Sewer
Water Public
Architectural Style Split-Level, Stilt
Level or Stories Multi/Split
Structure Type Vinyl Siding,Wood Frame
Construction Status Resale
Others
Pets Allowed Yes
Senior Community No
Tax ID 33-46-24-W1-00204.0090
Acceptable Financing All Financing Considered, Cash
Listing Terms All Financing Considered, Cash
Financing Cash
Pets Description Yes
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Bought with Barclays Real Estate Group 1
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