UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Lodging and Hospitality: Economy/Limited Service,Lodging and Hospitality: Full Service,Multi-Family: Low Rise (1-3 Floors),Multi-Family: 5+ Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 224044362
Year Built 1977
Annual Tax Amount $12,992
Tax Year 2024
Lot Size 0.441 Acres
Acres 0.4408
Property Sub-Type Lodging and Hospitality: Economy/Limited Service,Lodging and Hospitality: Full Service,Multi-Family: Low Rise (1-3 Floors),Multi-Family: 5+ Units
Source Florida Gulf Coast
Property Description
Property Features
- Prime Waterfront Location: Boasting 161 feet of frontage on a gulf-access canal, this property offers direct access to the Gulf of Mexico. The dock, spanning the entire length of the property, is perfect for boating enthusiasts and provides ample space for multiple boats.
- Renovated Units: Six of the eight studio apartments have been completely renovated in the past 24 months, featuring new flooring, updated kitchens and bathrooms, and modern finishes. The remaining three units have been partially updated, offering a mix of classic charm and contemporary amenities.
- Flexible Leasing Options: The property offers a unique blend of rental opportunities. Four units are currently leased on an annual basis, providing stable, long-term income. The other four units are listed on Airbnb, generating substantial short-term rental income. Detailed financials are available.
- Fully Furnished: All units come fully furnished, providing a turnkey solution for investors. The tasteful decor and high-quality furnishings enhance the living experience for tenants and guests alike.
- Expansive Waterfront Deck: The massive deck is a true highlight of the property, furnished to accommodate parties, get-togethers, or quiet relaxation. Whether it's enjoying the sun, hosting a barbecue, or watching the dolphins and sunsets, this space is perfect for creating memorable moments.
- Ample Parking and Pet-Friendly Yard: Situated on a 0.44-acre lot, the property offers abundant parking space, eliminating any concerns about crowding. The fenced yard is ideal for residents with pets, providing a safe and enjoyable area for dogs to run and play.
- Complete metal reroof completed in 2025, ensuring the building remains in top condition for years to come.
- Modern Amenities: Each unit is equipped with new mini-split air conditioners, providing efficient and reliable cooling. The property also includes secured bike parking, a maintenance shed, and a cleaning shed stocked with all necessary supplies.
- Additional Revenue Stream: Two brand new sets of coin-operated laundry machines are available on-site, generating extra income and offering convenience to residents.
- Future Value-Add Potential: The large waterfront lawn presents a unique opportunity to add a pool, further enhancing the appeal and value of the rental units. This addition could significantly increase the property's rental income and market value.
Location
State FL
County Lee
Area Pi02 - Pine Island (South)
Zoning CPD
Direction From Pine Island Rd, South on Stringfellow, property will be on the left before Sanibel Blvd
Interior
Cooling Mini Split Units
Inclusions Building And Land, Equipment, Fixtures, Furniture
Exterior
Fence Fenced
Utilities Available Electricity Available, Trash Removal, Water Available
Waterfront Description Canal Front,Salt Water,Seawall
Total Parking Spaces 20
Private Pool No
Building
Faces From Pine Island Rd, South on Stringfellow, property will be on the left before Sanibel Blvd
Sewer Septic Tank
New Construction No
Others
Tax ID 35-45-22-04-00015.0000
Security Features Fire Sprinkler System
Coming Soon