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USAFLFort MyersTice Heights648 Carolina Ave
View of front of property featuring a porch | Image 1
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$339,000

648 Carolina Ave, Fort Myers, FL

Real Estate

For Sale

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420
  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size -
Garage No
Taxes $2,331
Days Active 208
Lot Size 
Approx. Age 1971
MLS® Number 224096021

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Shared Living Duplex – 10.5% Cap Rate | Room-by-Room Agreement Model Positioned for maximum yield, this duplex is currently operated under a room-by-room agreement model, generating $48, 000/year in gross income. With Net Operating Income of $35, 558, the property delivers a 10.5% Cap Rate and GRM of 7.06, outperforming traditional rental configurations in the area. The structure offers 4 bedrooms, 2 bathrooms, and over 2, 060 sq ft, with stable, long-term tenants and low turnover. The layout supports individual occupancy per room, offering tenants affordable housing while maximizing investor returns. Located in the Tice neighborhood, the property benefits from access to employment centers, public transportation, and strong rental demand. Priced at $339, 000 Professionally managed Room-by-room agreements in place Operating expenses: $12, 442 Traditional rental comparison available This opportunity offers investors a high-performing asset with immediate cashflow and potential for long-term equity growth.Show Description
MLS® Number224096021
Laundry Level
Central VacNo
FireplaceNo
Acreage0.296
Exterior
GarageNo
Approx. Age1971
Basement
Driveway
Garage Spaces
HeatNone
A/CWindow Unit(s)
Heating Fuel

Extras

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