5530 Palmetto Street
Fort Myers Beach, FL 33931
- 5 beds
- 5 baths
- – sqft
- 5,619 sqft lot
- 1974 build
- – on site
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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!
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Last updated Nov 20, 2024
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MLS# 221087309 —
The Building
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Year Built:1974
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Construction Materials:VinylSiding,WoodFrame
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Architectural Style:SplitLevel,Stilt
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Levels:MultiSplit
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Roof:Metal
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Exterior Features:Fence,Patio,Storage
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Window Features:Other,Sliding
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Patio And Porch Features:Patio
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Foundation Details:PillarPostPier
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Building Area Total:2188.0
Interior
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Flooring:Tile,Vinyl
Location
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Latitude:26.431452
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Longitude:-81.913601
The Property
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Property Type:ResidentialIncome
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Property Sub Type:Triplex
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Property Sub Type Additional:Triplex
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Property Condition:Resale
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Lot Features:RectangularLot
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Lot Size Acres:0.129
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Lot Size Area:0.129
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Lot Size Units:Acres
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Lot Size Source:Appraiser
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Lot Size Dimensions:45 x 125 x 45 x 125
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Lot Dimensions Source:Measured
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Zoning Description:TFC2
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Waterfront:false
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Waterfront Features:None
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Road Responsibility:PublicMaintainedRoad
Listing Agent
- Contact info:
- Agent phone:
- (239) 849-3663
- Office phone:
- (239) 288-0511
Taxes
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Tax Year:2020
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Tax Lot:9
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Tax Legal Description:GULF HEIGHTS BLK 4 PB 6 PG 39 LOT 9
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Tax Annual Amount:6317.0
Beds
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Bedrooms Total:5
Baths
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Bathrooms Total:5
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Bathrooms Full:5
Heating & Cooling
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Heating:Central,Electric
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Heating:true
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Cooling:CentralAir,CeilingFans,Electric
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Cooling:true
Utilities
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Utilities:CableAvailable
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Sewer:PublicSewer
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Water Source:Public
The Community
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Subdivision Name:GULF HEIGHTS
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Community Features:NonGated
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Spa:false
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Pool Features:AboveGround
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Pool Private:true
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Pets Allowed:Yes
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Association Amenities:BeachRights,BeachAccess
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).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
