Riverfront multi family! Income/Expense sheet is in the picts. Run the numbers, this property floats itself and provides a cash flow until future development for Riverfront condos. Very unique and one of a kind opportunity to do that, considering a vacant developable million-dollar Riverfront parcel will cost about 60K annually for carrying costs. Owner will hold financing. Over 1 1/3 acres directly on the river while also fronting on Canal! Eight 2 bedroom 1 bath concrete block apartments on the site. Also, four boat docks on canal and 150 foot boat dock on River. Directly across the street is 40 acres owned by Lee County as conservation land. Current density if this were a vacant parcel would be over 20 units that can be built on this Riverfront site.
- Price:
- $1,150,000
- Bedrooms:
- 16
- Full Baths:
- 8
- Square Footage:
- 6,500
- Acreage:
- 1.29
- Year Built:
- 1979
- Listing ID #:
- 220082185
- Street Address:
- 1040-1058 Old Bridge Rd
- City:
- North Fort Myers
- State:
- Florida
- Postal Code:
- 33917
- County:
- Lee
- Community:
- Fn08 - North Fort Myers Area
- Subarea:
- One
- Subdivision:
- One
- Listing Status:
- Pending
- Building Condition:
- Resale
- Construction Description:
- Block, Concrete, Stucco
- Dwelling Type:
- Duplex
- Flooring:
- Carpet, Tile, Vinyl
- Number Of Units:
- 1
- Stories:
- 1
- Style:
- Ranch, One Story, Duplex
- Total # Of Buildings:
- 4
- Total Building Square Footage:
- 6500
- Type Of Roof:
- Shingle
- Windows:
- Single Hung
- Year Built:
- 1979
- Approximate Lot Size Range Source:
- See Remarks
- Lot Features:
- See Remarks, Dead End
- Lot Size:
- 1.29
- Road Type:
- Paved
- Zoning Description:
- Tfc-2
- Association Amenities:
- See Remarks
- Community Features:
- Boat Facilities
- Contingency Type:
- Inspection
- Days On Market:
- 61
- On Market Date:
- 2020-12-29
- Originating Mls:
- Swfl
- Terms:
- All Financing Considered, Cash, Owner May Carry
- Street Type:
- Road
- Sub Area:
- One
- Subdivision:
- One
- Property Taxes:
- $7,472
- Tax Year:
- 2020
- Tenant Pays:
- Electricity, Water
- Pet Allowed:
- Yes
- Cooling System:
- Central Air, Electric
- Has Central Air Conditioning:
- Yes
- Heating:
- Central, Electric
- Sewage Type:
- Septic Tank
- Gulf Access:
- Yes
- Gulf Access Type:
- Nobridges, Waterdirect
- Waterfront:
- Yes
- Waterfront Description:
- Canal Access, River Front, Riprap
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Integrity Real Estate & Prop
- The source of the foregoing property information is a database compilation of an organization that is a member of the Southwest Florida Multiple Listing Service. Each Southwest Florida Multiple Listing Service member organization owns the copyright rights in its respective proprietary database compilation, and reserves all such rights. Copyright © 2013. The foregoing information including, but not limited to, any information about the size or area of lots, structures, or living space, such as room dimensions, square footage calculations, or acreage is believed to be accurate, but is not warranted or guaranteed. This information should be independently verified before any person enters into a transaction based upon it.
