Listing provided by: Current Coastal Realty
5530 Palmetto St
Fort Myers Beach, FL 33931
$1,600,000
Sold
Overview
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! ...
5 Beds
5 Full Baths
0 ft2
5,619 ft2
Details
General
Stories
Bedrooms
5
Bathrooms
5 full
Square footage
0 sq. ft.
Lot size
5,619 sq. ft.
Pool
Yes
Year built
1974
Other
Type
Other types
Included features
Cable Available
Listing information
MLS #
221087309
APN
334624W1002040090
Listing provided by
Current Coastal Realty
Attribution Contact
+12398493663
Status
Sold
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