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CASH FLOW! 2 properties on 1 strap on a double lot. Contractors/investor special which buyer assumes existing code violation for unsafe structure. Speaking w/the officer, options are: 1. Obtain a demo permit, giving upto 6 months to follow through, decide: demo, remodel, rebuild. 2. Demo primary to rebuild & save rear property. 3. Turn the rear property as primary. 4. Saving the primary property will need to pull remodel permit. Major remodeling needed: new roof, drywall, kitchen, exterior siding repair / replacement, etc. Sept 2017, licensed electrician replaced new riser, meter & grounding PERMITTED. Blue house is a 4/2 w/ 1, 454 sqft, Leepa states it's a 2/1. Comps suggest once fixed up and rent ready it could be rented at $1, 200.00 per month!! Extra detached storage on site w/ 99 sqft. Second property on the rear is tenant occupied, paying $200 weekly = $10, 400 yearly cash flow!! This is a 1/1 detached Accessory Dwelling Unit (ADU) w/ 368 sqft which is remodeled. Both properties have shared utilities. Walking distance to Morse Shores Shopping Plaza, entertainment, bus routes, I-75 & minutes from the Downtown River District. *Please do NOT disturb tenant without an appointment*
Property Type: Multi Family Home
Sub Type: Duplex
Listing Status: Pending
County/Area: Lee County
Zip Code: 33905
Year Built: 1954
Subdivision/Neighborhood: Kingston Terrace
Units: 2 units
Full Baths: 3
Lot Size: 12079 sq ft
Annual Net Operating Income: 7370.72
Cable Available YN: Yes
Community Type: No Subdivision, Non-Gated
Construction: Concrete Block, Wood Frame
Construction Status: Resale Property
Cooling: Window Unit
Development Name: Kingston Terrace
Exterior Features: Extra Building
Exterior Finish: Stucco, Wood Siding
Flooring: Laminate, Tile
Gross Rent: $10,400
Heating: Central Electric
Lot Back: 60 Ft.
Lot Description: Oversize
Lot Left: 128 Ft.
Lot Right: 128 Ft.
Lot Unit: 7
Pets: No Approval Needed
Road: County Maintained, Paved Road
Roofing: Built-Up Or Flat, Shingle
Special Information: Owner Agent, See Remarks, Seller Disclosure Available
Tax Amount: 875.28
Tax Desc: City And County
Tax Year: 2018
Tenant Pays: Application Fee, Cable, Cleaning Fee, Internet Access
"I've had the pleasure of working with Anabelle on two real estate purchases over the past few years and was delighted with the level of advice and service she provided. I always felt that she had my best interests at heart and I could trust her to act on my behalf. She was extremely personable and her knowledge of the properties we were considering was outstanding. She provide us good guidance throughout the entire process and in the end it was an extremely positive experience"Connie Donohue - BUE, High Volume Sales at IBM Canada Ltd.
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