2668-2674 Michigan AVE, Fort Myers, FL 33916

Property Description

$149,000 PRICE REDUCTION FROM ORIGINAL LIST PRICE, PROPERTY NEEDS TO GO, BRING ALL REASONABLE OFFERS! This charming corner lot property is situated in the highly desirable Dean Park District of Fort Myers. Featuring a new standing seam metal roof, impact windows, tankless water heaters, and elevated HVAC units, this income producing property is outfitted to withstand wear and tear from both tenants and the elements, allowing a potential buyer to focus on generating income rather than attending to maintenance issues. In terms of amenities, this property features twin carports with attached laundry rooms and a large fenced in back yard. The location is also unbeatable, providing residents walking access to downtown Fort Myers while affording them all of the peace and serenity that Dean Park living offers. The left side of this duplex is occupied by an annual tenant at $2,200 per month and the right side unit is currently operated as a vacation rental/Mid Term Rental (renting at more than $4,500 per month for season and $1,950 per month in off season), providing ample opportunity for owner occupants to take advantage of the income from the left unit while living in the right unit or continuing to rent this side as a vacation rental. This property features an assumable flood insurance policy, providing coverage through the end of 2025 (December 1st, 2025). Seller has already procured a renewal flood policy quote at $5,110 annually which would extend coverage through December 1st of 2026.