Portfolio of three (3) condominiums in Banyan Tree Condo. All units are fully leased with annual leases in place. Rents range from $1100-1500, with room for increases. One unit was completely renovated with new cabinets, vanity, appliances, HVAC, and paint. The other two units have new appliances, HVAC, and updates where needed. Excellent investment opportunity with a desirable CAP rate and GRM. Back on market due to buyer failing to perform/close
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Interior Features
- LivingDiningRoom
- CableTV
- Flooring: Tile
- Window Features: Sliding
Appliances
- Dryer
- Dishwasher
- Freezer
- Microwave
- Refrigerator
- SelfCleaningOven
- Washer
- Laundry Features: Inside
Heating and Cooling
- Cooling Features: CentralAir, CeilingFans, Electric
- Heating Features: Central, Electric
- Heating: Yes
Exterior and Lot Features
- Patio
- Patio And Porch Features: Lanai, Patio, Porch, Screened
- Road Responsibility: PublicMaintainedRoad
Land Info
- Lot Description: CornerLot
- Lot Dimensions Source: Appraiser
- Lot Size Acres: 0.0599
- Lot Size Source: Appraiser
- Lot Size Square Feet: 2609
Garage and Parking
- Parking Features: Common, Guest
Home Features
- View: City, Landscaped
- Security Features: FireSprinklerSystem, SmokeDetectors
Homeowners Association
- Association: Yes
- Association Fee Includes: AssociationManagement, Insurance, IrrigationWater, LegalAccounting, MaintenanceGrounds, PestControl, ReserveFund, Trash
- Association Phone: 2397286100
- Pets Allowed: Call, Conditional
Multi-Unit Info
- Number of Units In Community: 30
Amenities and Community Features
- Community Features: NonGated
Other Property Info
- Annual Tax Amount: 761.63
- Tax Block: 2000
- Source Listing Status: Active
- County: Lee
- Tax Year: 2021
- Ownership: Condo
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: BANYAN TREE OF FT MYERS CONDO
- Parcel Number: 08-44-25-P4-02000.1010
- Postal City: FORT MYERS
- Public Survey Range: 25
- Public Survey Section: 8
- Public Survey Township: 44
- Subdivision: BANYAN TREE OF FT MYERS CONDO
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 677
- Year Built: 1985
- Building Area Source: Appraiser
- Building Area Total: 677
- Construction Materials: Stucco, WoodFrame
- Direction Faces: East
- Entry Level: 1
- Levels: Two
- Living Area Source: Appraiser
- Property Age: 39
- Property Condition: Resale
- Roof: Shingle
- Levels or Stories: 2
- Building Total Stories: 1
- Structure Type: LowRise
- House Style: TwoStory, LowRise
- Architectural Style: TwoStory, LowRise
Utilities
- Sewer: PublicSewer
- Water Source: Public
