229 Fairweather Lane
Fort Myers Beach, FL 33931
- 4 beds
- 4 baths
- – sqft
- 4,443 sqft lot
- 1965 build
- – on site
Price Improvement! This quadraplex has a productive history as a vacation rental and also as a long term rental investment. It is located in a weekly rental zone enhancing the investment opportunities. It has 4 recently renovated one-bedroom, one-bath units each with a full kitchen and a living and dining area. Recent renovations include 4 totally new bathrooms, 2 new kitchens and a new roof in 2017. The roof was unaffected by Ian as it was built with additional anchors at every foot to keep the structure secure. The hot water heaters are new and the first floor units have new wiring and plumbing. Floors throughout the 4 units are attractive ceramic tile. There is one parking space assigned for each apartment. The building also offers a common washer and dryer and a peaceful patio in a tropical backyard setting. The location is ideal! It is a short leisurely walk to the beach. A beach access point is conveniently located approximately one block from the property. Access to Fort Myers Beach is open year-round from sunrise until past sunset. Guests will enjoy walking to Times Square and visiting a variety of shops and restaurants and a fishing pier. This property has a steady history of guests who have enjoyed fishing from the nearby pier or boating along the Gulf and stopping to dine at all the popular seafood restaurants. There are also parks in close proximity and many opportunities to travel to Sanibel and Captiva or take the jet powered catamarans from Fort Myers Beach to beautiful Key West. As a vacation rental the gross rent was $90,000 to $100,000 per year minus expenses for tourist tax and cleaning. The current income is from long term rentals with stable leases of $1600 monthly for each of three units and $1000 per month for the fourth tenant. There is $70,000 - $76,000 per year long term rental income. All 4 tenants would like to stay. If you are an investor looking for a steady income either as a long term or vacation rental asset this is the place for you. If you love the beach and all it has to offer, consider using one of the units for yourself and renting out the others for a steady and reliable profit. The first floor unit on the right will be available for initial tours. Once there is continued interest the others will be available. The two first floor units sustained some drywall damage from Milton. The affected drywall was removed the next day and has been replaced.
Listing courtesy of FGCMLS / Sellstate Priority Realty
Last checked:
Checking…
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Last updated Dec 13, 2024
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MLS# 224051861 —
The Building
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Year Built:1965
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Construction Materials:Stucco,WoodFrame
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Architectural Style:TwoStory
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Levels:Two
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Stories:2
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Roof:BuiltUp,Flat
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Exterior Features:Patio
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Window Features:SingleHung
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Patio And Porch Features:Patio
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Building Area Total:1840.0
Interior
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Flooring:Tile
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Laundry Features:CommonArea
Location
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Directions:From Fort Myers on San Carlos Blvd. turn left on Estero Blvd. to left on Fairweather Lane to 229 on the left.
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Latitude:26.452231
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Longitude:-81.945064
The Property
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Property Type:ResidentialIncome
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Property Sub Type:Quadruplex
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Property Sub Type Additional:Quadruplex
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Property Condition:Resale
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Lot Features:RectangularLot
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Lot Size Acres:0.102
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Lot Size Area:0.102
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Lot Size Units:Acres
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Lot Size Source:Appraiser
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Lot Size Dimensions:50 x 96 x 50 x 96
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Lot Dimensions Source:Appraiser
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Zoning Description:RM-2
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Waterfront:false
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Waterfront Features:None
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Road Surface Type:Paved
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Road Responsibility:PublicMaintainedRoad
Listing Agent
- Contact info:
- Agent phone:
- (239) 464-1944
- Office phone:
- (239) 574-8888
Taxes
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Tax Year:2023
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Tax Lot:20
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Tax Legal Description:BEACH ESTATES BLK C PB 6 PG 68 LOT 20 LESS ELY 11 FT OR 227 PG 410
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Tax Annual Amount:6373.39
Beds
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Bedrooms Total:4
Baths
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Bathrooms Total:4
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Bathrooms Full:4
Heating & Cooling
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Heating:None
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Heating:false
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Cooling:CeilingFans,WindowUnits,WallUnits
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Cooling:true
Utilities
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Utilities:CableAvailable
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Sewer:AssessmentPaid,PublicSewer
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Water Source:AssessmentPaid,Public
The Community
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Subdivision Name:BEACH ESTATES
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Community Features:BoatFacilities,NonGated
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Spa:false
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Pool Private:false
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Pets Allowed:Yes
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Association Amenities:Laundry
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).