Active

100 Cabana AVE

North Fort Myers FL, 33903

$220,000


$161.76 per sqft

Active

2 Beds

1 Bath

1,360 sqft

Residential

Built in 1948

Amazing Investment Opportunity in SWFL!

Discover this exceptional property located just minutes from the vibrant downtown areas of Fort Myers and Cape Coral. Nestled on a generous .29-acre corner lot, this home boasts a prime location off Pondella Rd and US-41, making it ideal for both homeowners and investors alike.

Key Features:

Zoning for Duplex Multifamily: This property is zoned for multifamily use, allowing for the addition of an extra unit, maximizing your investment potential. Combine it with the neighboring lot at 1170 River Rd for an incredible opportunity to create up to four units!
Fully Remodeled (2023): This home has undergone a comprehensive remodel, featuring brand-new electrical and plumbing systems, fresh paint, an updated kitchen, and a renovated bathroom. The roof was replaced in 2018, ensuring peace of mind for years to come.
Cash Flow Potential: With a projected cash flow of over $8,000 MONTHLY, this property is not just a home; it's a smart financial investment.
Additional Lot Opportunity: Purchase the neighboring lot at 1170 River Rd, which includes an existing garage that can be converted into a studio apartment, further enhancing your income potential. The garage is built with durable concrete block and has a new roof.
Don't miss out on this incredible opportunity to invest in one of SWFL's most sought-after areas. Whether you're looking to expand your portfolio or create a personalized living space, this property offers endless possibilities!

224082393

MLS ID

October 14, 2024

Listed

October 15, 2024

Updated

Map

100 Cabana AVE
North Fort Myers FL, 33903

Interior Features

Total Stories

1


Bedrooms

2


Total Bathrooms

1


Full Bathrooms

1


Interior Features

Separate/Formal Dining Room, Eat-in Kitchen, Living/Dining Room, None, Other, Split Bedrooms


Appliances

Dryer, Electric Cooktop, Freezer, Microwave, Refrigerator, Washer


Laundry Description

Washer Hookup, Dryer Hookup


Floor Description

Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Ceiling Fan(s), Electric


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Lot Size

0.29 Acres


Exterior Features

Fruit Trees, Other


Lot Features

Corner Lot, Oversized Lot


Architectual Style

None, Ranch, One Story


Roof

Shingle


Sewer

Septic Tank

Other Property Details

Area Name

FN06 - North Fort Myers Area


Taxes

$321


Tax Frequency

Annually


Days on Market

1


Association Amenities

None


Garage

No


View

Yes


View Description

Landscaped, Trees/Woods


County

Lee


Water Source

Assessment Paid


Pool

No

Listed by Mason Gascot, Coldwell Banker Realty

Listing Contact: 717-683-7074 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Adolfo Diaz shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 11:51 PM UTC, 10/15/2024

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