5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
5530 Palmetto ST
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$1,600,000

5530 Palmetto ST

5 Beds 5 Baths 5,619.24 Sq.Ft.

Description

MONEY MAKING, MULTI UNIT, 5 BED /5 BATH WEEKLY RENTAL ZONE POOL HOME! The property is perfectly located with less than a 3 minute walk to the Gulf of Mexico's sugar sand beach via access #16! Upgraded and fresh turnkey multi-unit with two - 2BR/2Bath units and one - 1BR/1Bath unit. All THREE units are registered as short term vacation rentals with Town of Ft. Myers Beach! Each unit has a pullout for adding at least 2 "heads-on-beds" per unit! Palmetto Street is located in a quiet and popular vacation neighborhood. There is a washer and dryer for each unit. Each unit has its own private screen porch as well. The yard is enclosed with a privacy fence. Exceptionally large parking area for at least 8 cars. YTD bookings as of 9/30/2021 are at $120K. Total projected gross income for 2021 is $160K+ gross revenue! Bookings are already scheduled for 2022! CAP rate at approximately 7%. This is an easy "Plug-and-Play" positive cash flow investor opportunity. The perfect getaway location that your guests will enjoy - a true 5 Star review champion!

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Location

5530 Palmetto ST, FORT MYERS BEACH, FL 33931

Status

Sold
Alex King

Alex King

TITLE

Founder / Realtor®

Property Amenities

Interior
Flooring Tile, Vinyl
Total Bedrooms: 5
Full Bathrooms: 5
Area & Lot
Lot Area 5,619.24 Sq.Ft.
Living area 5,619.24 Sq.Ft.
MLS® ID 221087309
Year Built 1974
Water Frontage ['None']
Architecture Styles Stilts
Type Multi-Family
Status Sold
Exterior
Pool Above Ground
Air conditioning Ceiling Fan(s), Central Electric
Heat type Central Electric
Water Source Central
Sewer Central
Other Exterior Features Storage
Lot Features Regular
Roof Metal
Utilities Cable Available
Finance
Sales Price $1,600,000
Real Estate Tax $6,317 yearly

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