$339,000

648 Carolina , Fort Myers, FL 33905

 
Bedrooms:4 beds
Bathrooms:2 baths
(None specified):0 sqft
Lot:0.3
Year Built:1971
Listing Status:Active

Listing Agent

Nikijha Lynch
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

Description

Shared Living Duplex – 10.5% Cap Rate | Room-by-Room Agreement Model Positioned for maximum yield, this duplex is currently operated under a room-by-room agreement model, generating $48,000/year in gross income. With Net Operating Income of $35,558, the property delivers a 10.5% Cap Rate and GRM of 7.06, outperforming traditional rental configurations in the area. The structure offers 4 bedrooms, 2 bathrooms, and over 2,060 sq ft, with stable, long-term tenants and low turnover. The layout supports individual occupancy per room, offering tenants affordable housing while maximizing investor returns. Located in the Tice neighborhood, the property benefits from access to employment centers, public transportation, and strong rental demand. Priced at $339,000 Professionally managed Room-by-room agreements in place Operating expenses: $12,442 Traditional rental comparison available This opportunity offers investors a high-performing asset with immediate cashflow and potential for long-term equity growth.

Detailed Items

Other Information

648 Carolina, Fort Myers, FL, 33905 is a (none specified) listing of 0 sqft on a lot of 0.3. This (none specified) listing has 4 bedrooms, and 2 baths. The map for this location can be viewed on Google maps at Google maps to property648 Carolina, Fort Myers, FL
Copyright © 2025 Bonita Springs-Estero REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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