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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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5442 Fourth Ave , Fort Myers, FL 33907
$250,000
Est. Payment: $555.56/mo
3 Bed
1 Bath
1051 Sqft
Status: Active | Days on site: 40
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House Description

INVESTMENT & DEVELOPMENT OPPORTUNITY — TWO ADJACENT PROPERTIES OFFERED TOGETHER! This unique package includes a well-located 3-bedroom, 1-bath single-family home plus an adjacent residential duplex lot (5438/5440), offering flexibility for an investor, developer, or owner-user. The existing single-family home is livable and features a new roof, impact windows, and fresh paint. The property needs some additional work but provides a solid foundation for continued use or future improvements. A spacious 15' x 20' shed is located in the rear of the property, providing excellent storage or workspace potential. The adjacent undeveloped duplex lot offers a clean slate for future development and is easy to clear. With both properties being sold together, there may be an opportunity to combine the lots into one parcel and pursue rezoning for multifamily use, subject to applicable City of Fort Myers approvals, zoning requirements, and development regulations. Located near Downtown Fort Myers, shopping, dining, major roads, and other everyday amenities, this package presents an attractive opportunity to acquire an existing residence along with additional land for potential future development. Two adjacent properties. One package. Multiple possibilities. Whether you're looking for an investment property with additional land, a future development opportunity, or a property with potential for multifamily redevelopment, this offering is worth a closer look. 12,010 sqft of total land.

Highlights

Listed by Juan Vargas , 786-486-2474 Red Rock Realty , 786-486-2474.

Property Type

Residential

Lot/Acreage
0.14

Year Built

1962

County

Lee

Area

5940 Florida Other

Neighborhood

Pine Manor

Listing ID

A12064691

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:1
  • Full Bathrooms:1
Appliances:Electric Range, Refrigerator
Air Cond:Central Air
Fireplaces:
Floor:Tile
Other:
  • Additional:Bedroom on Main Level, First Floor Entry
Water:Public

Exterior Features

Lot:< 1/4 Acre
Zoning:Residential
Roof:Shingle
Others:
  • Additional:Fence, Patio
Sewer:Public Sewer
Parking Features:Driveway,Detached,Garage
Principal Interest
$556
Taxes
$148

Home Price

$250,000

Loan Details

30 yrs
%

Down Payment

20%
$50,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$555.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $555.56 $147.58 $0.00 $703.14
Yearly $6,666.67 $1,771.00 $0.00 $8,437.67
Total $200,000.00 $53,130.00 $0.00 $253,130.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Fort Myers, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.