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Rare and unique opportunity to own nearly half an acre of prime multi-family zoned property in a fantastic Fort Myers location. Situated in a non-flood zone, this property offers peace of mind and endless potential. The main house offers 828 sq. ft. under air, featuring a large living room, 2 bedrooms, 1 bath, an open kitchen, and a laundry room. A separate extra-large garage provides ample space, currently accommodating up to four cars, plus a separate bedroom with a half bath. Ductwork is already in place, offering the potential to convert the space back into two air-conditioned rental units or in-law apartments, adding to the investment possibilities. The almost fully fenced property includes fruit trees and plenty of outdoor space, adding to its charm. Recent updates include a new impact-rated garage door, new roof, new electrical panel in the main house, and fresh exterior paint. Just minutes from downtown Fort Myers, this property offers easy access to fine dining, shopping, schools, and major conveniences. Florida SouthWestern State College is approximately 5 miles away, RSW International Airport is just 15 miles away, and Edison Mall is only 3 miles from the property, providing a variety of shopping and dining options. The historic Edison & Ford Winter Estates, a popular attraction and museum, is just 4 miles away. For boating enthusiasts, a public boat ramp is within a short drive, offering easy access to the Caloosahatchee River and beyond. The possibilities with this property are endless—whether you're looking for a multi-unit investment, rental income potential, or a versatile living space, this rare find is ready for your vision. Take a look!
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Our Executive Mortgage Banker:
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $159,920 | $159,920 | $159,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.108% | 7.063% | 6.152% |
Monthly Tax Payment | $341 | $341 | $341 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,011 | $1,051 | $1,339 |
Total Monthly Payment | $1,427 | $1,467 | $1,755 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.