1078-1080 Southdale Road

Fort Myers, FL 33919

$499,000
Price
5
Beds
3
Baths
2,000 Sq. Ft.
$250 / Sq. Ft.
2,000
Sq. Ft.
$250
per Sq. Ft.

Description

Located just south of Cypress Lake off McGregor Blvd, 1078/1080 Southdale Rd. is the investment opportunity you have been waiting for. This fully leased duplex offers immediate cash flow with a great ROI and long term value and has never had any flooding or water intrusion from past storms. This quiet residential street is tucked into the heart of Fort Myers with easy access to downtown, SWFL beaches, RSW International Airport and Healthpark along with an endless number of restaurants, retail locations...Located just south of Cypress Lake off McGregor Blvd, 1078/1080 Southdale Rd. is the investment opportunity you have been waiting for. This fully leased duplex offers immediate cash flow with a great ROI and long term value and has never had any flooding or water intrusion from past storms. This quiet residential street is tucked into the heart of Fort Myers with easy access to downtown, SWFL beaches, RSW International Airport and Healthpark along with an endless number of restaurants, retail locations and shopping, making it a very desired location. The left side unit (1078) has been remodeled and features 2 bedrooms, 2 bathrooms, 1 car garage with washer & dryer hook-up, tile flooring and a screened in lanai. The right side unit (1080) has 3 bedrooms, 1.5 bathrooms, den/dining area, indoor laundry room with washer & dryer hook-up, new AC handler and compressor (2021), tile/laminate flooring and screened in lanai. Recent updates include a new shingle roof (2017), new windows (2018) and new hot water heaters for both units (2020). With great bones, ideal location and month-to-month renters in place, this is an amazing property to add to your portfolio.
  1. Listed by Katherine Paquette • Starlink Realty, Inc
  2. Listed by Jon Paquette • Starlink Realty, Inc

Property Details for 1078-1080 Southdale Road

Development
FORT MYERS
Building Design
Duplex
Community Type
No Subdivision, Non-Gated
Waterfront
No
Waterfront Desc
None
Waterfront Desc
None
View
None/Other
LISTING UPDATED: 11/16/2024 01:55 PM

Property Details for 1078-1080 Southdale Road

StatusActive
MLS #224079259
Days on Market55
Taxes$3,254 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
Lot Size0.17 AC / 7,448 SF
CountyLee County

Building Information for 1078-1080 Southdale Road

Stories1Residences2Year Built1973Building Size-Lot Size0.17 AC / 7,448 SF

Property Information for 1078-1080 Southdale Road

Summary
Location and General Information
  • City: Fort Myers
  • Directions: From College Parkway, take McGregor Blvd. South. Just past Cypress Lake Dr. use the left turn lane to turn left onto Southdale Rd. Building is located on the corner of Southdale Rd and W. Warwick Way
  • Human Modified: Yes
  • Latitude: 26.54
  • Longitude: -81.91
  • MLS Area Major: FM10 - Fort Myers Area
  • Pets: No Approval Needed
  • Postal Code: 33919
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Street Name: Southdale
  • Street Number: 1078/1080
  • Street Suffix: RD
  • Full Address: 1078/1080 Southdale RD
Parking
  • Covered Spaces: .00
Taxes and HOA Information
  • Amenity Rec Fee: $.00
  • Application Fee: $.00
  • Association Fee Total Frequency: Annually
  • Association Fee 2: $.00
  • Tax Annual Amount: $3,253.51
  • Tax Year: 2023
  • Transfer Fee: $.00
  • Association Fee 3: $.00
Property
Lot Information
  • Development Name: FORT MYERS
  • Parcel Number: 21-45-24-11-00000.0190
  • Property Type: Residential Income
  • Section: 21
  • Lot Unit: 19
  • Source of Measure Lot Dimensions: Appraiser
  • Lot Desc: Corner Lot, Dead End
  • Acres: 0.171
  • Lot Size Area: 0.171
  • Source of Measurements: Appraiser
  • Lot Size Units: Acres
  • Legal Desc: SOUTHDALE UNREC OR 773 PG 443 LOT 19 + 2/66 INT IN TRACT C
Property and Assessments
  • Total Area: 2000.0
  • Possession: Close Of Escrow
  • Property Condition: Resale
  • Property Sub Type: Duplex
  • Township: 45
  • Range: 24E
  • Special Assessment: 0.00
  • Sub Condo Name: FORT MYERS
  • Year Built Numeric: 1973
  • Property Sub Type Additional: Duplex
  • Zoning Code: RM-2
Lease Information
  • Land Lease Fee: $.00
  • Lease Amount Per Area Unit: Dollars Per Square Foot
  • One Time Land Lease Fee: $.00
  • One Time Mandatory Club Fee: $.00
  • One Time Othe Fee: $.00
  • One Time Special Assessment Fee: $.00
Utilities
  • Sewer: Central
  • Utilities: Cable Available
  • Water Source: Public
  • Water: Central
Multi Family
Multi-Family Information
  • Gross Rental Income: $3,525.00
  • Annual Net Operating Income: $33,503.00
  • Annual Food And Beverage Minimum: 0.00
  • Number Of Units Total: 2
  • Annual Expenses: $8,797.45
  • Other Fee: $.00
  • Stories: 1.0
  • Units in Building: 2
Unit 1 Information
  • Monthly Gross Income: $1,800.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Description: Great Room,Laundry in Residence,Screened Lanai/Porch,Cable Available,Ceiling Fan(s),Microwave,Range,Washer/Dryer Hookup
  • Furnished: Unfurnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 1800
  • Unit Type Type: Three Bedroom
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 1
  • Living Area: 1000.0
Unit 2 Information
  • Monthly Gross Income: $1,725.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Description: Great Room,Laundry in Garage,Screened Lanai/Porch,Auto Garage Door,Cable Available,Ceiling Fan(s),Microwave,Range,Refrigerator,Washer/Dryer Hookup
  • Furnished: Unfurnished
  • Garage Type: Yes
  • Unit Type Garage Spaces: 1.00
  • Unit Type Pro Forma: 1725
  • Unit Type Type: Two Bedroom
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Living Area: 1000.0
Interior and Exterior Features
Exterior Features
  • Architectural Style: Ranch, One Story, Duplex
  • Association Amenities: None
  • Canal Width: None
  • Community Features: Non Gated
  • Construction: Poured Concrete, Concrete Block
  • Exterior Features: None
  • Exterior Features: None
  • Irrigation Source: None
  • Private Pool: No
  • Roof: Shingle
  • Structure Type: Duplex
  • Gulf Access: No
  • Spa: No
Interior Features
  • Baths Full: 3
  • Bathrooms Total Integer: 3.0
  • Beds Total: 5
  • Cooling: Central Air, Ceiling Fans, Electric
  • Cooling: Yes
  • Elevator Text Details: None
  • Flooring: Tile
  • Heating: Central, Electric
  • Heating: Yes
  • Window Features: Single Hung
Rental
Rental Information
  • One Time Rec Lease Fee: $.00

Property History for 1078-1080 Southdale Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1078-1080 Southdale Road

Taxable ValueLand$40,000Additions$117,463Total$157,463
Tax Record2020$2,703 ($225 / month)
Home Facts
Total Finished SqFt1,976 SqFtAbove Grade Finished SqFt1,976 SqFtStories1Lot Size7,449 SqFtStyleMulti-Family Res (5+ Units)Year Built1973Year Renovated1984CountyLEEAPN21452411000000190

Schools near 1078-1080 Southdale Road

This home is within Lee.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 5
Rating
School
Distance
Tanglewood Elementary School
PublicPK to 5

Villas Elementary School
PublicPK to 5

Orangewood Elementary School
PublicPK to 5

Heights Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1078-1080 Southdale Road is a multi-family home for sale in Fort Myers, FL 33919. This property was listed for sale on September 27, 2024 by Starlink Realty, Inc, it's currently listed at $499,000. This listing's school district is Lee. Nearby schools include Tanglewood Elementary School, Villas Elementary School and Orangewood Elementary School. 1078-1080 Southdale Road is a 5-bed, 3-bath, 2,000 sqft multi-family home built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Starlink Realty, Inc, Katherine Paquette; Starlink Realty, Inc, Jon Paquette

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.