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5530 Estero Blvd 370
MLS#: 220060679 - $315,000
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BEDS -
1 BATHS -
1970 BUILT -
Low Rise (1-3) -
429 SQFT -
0.000 ACRES
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Status: Sold
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On Site: 1304 Days
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Updated: 3 Years ago
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Fort Myers Beach, FL, 33931
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Sandpiper Gulf Resort
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- NEIGHBORHOOD: Sandpiper Gulf Resort
- COUNTY: Lee
- AREA: FB04 - Avenida Pescadora to S.Bd
- BUILT: 1970
- ELEMENTARY SCHOOL:
- HIGH SCHOOL:
- MIDDLE SCHOOL:
- CONDO FEE:
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Property Description
It doesn't get any better than this! DIRECT GULF FRONT penthouse corner unit with views from Naples to Sanibel. This unit has been fully remodeled and current owner has paid all assessments in full. 1br efficiency unit has kitchen, dining and sitting areas and a king bedroom. Onsite rental program allows owners up to 8 WEEKS of free use (more at low cost) and with owner use this is still a cash cow! Gross income 2016-2018 was $57,834, $57,822 and $54,595. Net income, after all expenses and taxes, for 2016-2018 was $21,856, $20,821 and $22,941 making this a 6+% return on investment with your enjoyment of the unit free! This corner unit has an extra window with views to Sanibel and incredible sunsets and dolphins every night! Full-time management on site is the best on the beach - incredible unit management/oversight. Newly remodeled units - great potential for further income growth. At this price, this unit will not last long, and owner is motivated to sell now (retired and relocating). Two pools (family pool and adults only pool!), onsite laundry, grill stations and more!
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Property Features
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Courtesy of Techventure Real Estate
 The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2017 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. |
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