1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
1281 Barrett RD
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$415,000

1281 Barrett RD

5 Beds 6 Baths 2,731 Sq.Ft.

Description

40K REDUCTION! BRING AN OFFER. $60,540 annual income! Check out this multifamily complex on the market! This property features a quadplex, (4 units), and a separated 1 unit building. This property is sitting at a 6.5% Cap Rate with potential of a value add! The separate 5th unit includes a fridge, sink, stovetop, standing shower, toilet, & wall AC unit... Each standard unit of the quadplex is 1 bed 1 bath. 2 have wall A/c and 2 have central air. Cable is available. Unit 1 is remodeled, unit 2 is the largest unit with a den but no closet so it is still considered a 1/1. Units 3 & 4 are standard 1/1's. This property also features an oversized shop across from unit 4, which is currently used at storage. The Quadplex has a new roof installed. Water and electric is connected to 1 meter. All 5 units have tenants in place as well as property management in place. There is a shared common area for laundry on site. Please call with any questions I will answer them to the best of my knowledge. I have leases to share if needed. This Property has huge upside potential! Agents Please See Remarks in regards to showings.

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Location

1281 Barrett RD, NORTH FORT MYERS, FL 33903

Status

Sold
Tyler Kinney

Tyler Kinney

TITLE

REALTOR®

LICENSE

P3458102

Property Amenities

Interior
Flooring Tile
Total Bedrooms: 5
Full Bathrooms: 6
Area & Lot
Lot Area 0.59 Acres
Living area 2,731 Sq.Ft.
MLS® ID 222045979
Year Built 1982
Water Frontage None
Architecture Styles Ranch, One Story
Type Multi-Family
Status Sold
Exterior
Stories 1
Air conditioning Central Air, Electric, Wall Unit(s)
Heat type Central, Electric, Wall Furnace
Water Source Public
Sewer Public Sewer
Lot Features Rectangular Lot
Roof Shingle
Finance
Sales Price $415,000
Real Estate Tax $4,696 yearly

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