1270 Allen Street

Fort Myers, FL 33916

$550,000
Price
7
Beds
5
Baths
2,440 Sq. Ft.
$225 / Sq. Ft.
2,440
Sq. Ft.
$225
per Sq. Ft.

Description

Don't miss out on this exceptional opportunity to own a prime income-generating property with four separate units! This impressive investment features a total of 7 bedrooms and 5 bathrooms, offering substantial rental potential. Currently, three of the four units are already generating steady income, providing you with immediate cash flow and financial stability. Each unit has been thoughtfully updated, ensuring modern amenities and appealing living spaces for tenants. Located in a highly desirable...Don't miss out on this exceptional opportunity to own a prime income-generating property with four separate units! This impressive investment features a total of 7 bedrooms and 5 bathrooms, offering substantial rental potential. Currently, three of the four units are already generating steady income, providing you with immediate cash flow and financial stability. Each unit has been thoughtfully updated, ensuring modern amenities and appealing living spaces for tenants. Located in a highly desirable area where rental properties are always in demand, this property promises a consistent stream of renters. Whether you’re looking to expand your investment portfolio or step into real estate, this property offers an outstanding combination of updated units, proven income, and a prime location. Seize this opportunity to own a well-maintained, income-producing asset that delivers both immediate returns and long-term value!
  1. Listed by Jaime Taveras • Call It Closed Intl Realty
  2. Listed by Jenny Caicedo • Call It Closed Intl Realty

Property Details for 1270 Allen Street

Development
DEAN PARK
Building Design
Quadraplex
Community Type
No Subdivision
Waterfront
No
Waterfront Desc
None
Waterfront Desc
None
View
None/Other
LISTING UPDATED: 09/30/2024 02:40 PM

Property Details for 1270 Allen Street

StatusActive
MLS #224073451
Days on Market41
Taxes$2,454 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1967
Lot Size0.37 AC / 16,030 SF
CountyLee County

Building Information for 1270 Allen Street

Stories-Residences4Year Built1967Building Size-Lot Size0.37 AC / 16,030 SF

Property Information for 1270 Allen Street

Summary
Location and General Information
  • City: FORT MYERS
  • Directions: GPS for Directions
  • Human Modified: No
  • Latitude: 26.65
  • Longitude: -81.85
  • MLS Area Major: FE02 - East Fort Myers Area
  • Pets: No Approval Needed
  • Postal Code: 33916
  • Road Responsibility: Public Maintained Road
  • Street Name: Allen
  • Street Number: 1270
  • Street Suffix: ST
  • Block: 35
  • Full Address: 1270 Allen ST
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: $2,453.51
  • Tax Year: 2023
  • Transfer Fee: $.00
  • Association Fee 3: $.00
Property
Lot Information
  • Development Name: DEAN PARK
  • Number Of Buildings: 2
  • Parcel Number: 18-44-25-P1-00035.0010
  • Property Type: Residential Income
  • Section: 18
  • Lot Unit: 1
  • Source of Measure Lot Dimensions: Appraiser
  • Lot Desc: Rectangular Lot
  • Acres: 0.368
  • Lot Size Area: 0.368
  • Lot Size Dimensions: 80 x 200 x 80 x 200
  • Source of Measurements: Appraiser
  • Lot Size Units: Acres
  • Legal Desc: BEG 326 FT N + 330 FT E OF SW COR NE 1/4 OF NW 1/4 TH N 33 FT E 200 FT S 80 FT W
Property and Assessments
  • Total Area: 2440.0
  • Possession: Close Of Escrow
  • Property Condition: Resale
  • Property Sub Type: Quadruplex
  • Township: 44
  • Range: 25E
  • Special Assessment: 0.00
  • Sub Condo Name: DEAN PARK
  • Year Built Numeric: 1967
  • Property Sub Type Additional: Quadruplex
  • Zoning Code: CI
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: Assessment Paid
  • Utilities: Cable Available
  • Water Source: Assessment Paid
  • Water: Assessment Paid
Multi Family
Multi-Family Information
  • Gross Rental Income: $84,000.00
  • Annual Net Operating Income: $55,000.00
  • Annual Food And Beverage Minimum: 0.00
  • Number Of Units Total: 4
  • Annual Expenses: $29,000.00
  • Other Fee: $.00
  • Units in Building: 4
Unit 1 Information
  • Monthly Gross Income: $1,700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Description: Laundry Common,Microwave,Range,Refrigerator
  • Furnished: Unfurnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 1700
  • Unit Type Type: One Bedroom
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Living Area: 460.0
Unit 2 Information
  • Monthly Gross Income: $1,700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Description: Laundry Common,Microwave,Range,Refrigerator
  • Furnished: Unfurnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 1700
  • Unit Type Type: Two Bedroom
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Living Area: 351.0
Unit 3 Information
  • Monthly Gross Income: $2,000.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Description: Laundry Common,Dishwasher,Microwave,Refrigerator,Washer/Dryer Hookup
  • Furnished: Unfurnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 2000
  • Unit Type Type: Three Bedroom
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Living Area: 1245.0
Unit 4 Information
  • Monthly Gross Income: $1,600.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Description: Laundry Common,Microwave,Refrigerator
  • Furnished: Unfurnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 1600
  • Unit Type Type: One Bedroom
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Living Area: 384.0
Interior and Exterior Features
Exterior Features
  • Architectural Style: Other
  • Association Amenities: None
  • Canal Width: None
  • Construction: Wood Frame
  • Exterior Features: None
  • Exterior Features: None
  • Irrigation Source: Included In Assessment
  • Private Pool: No
  • Roof: Shingle
  • Structure Type: Quadruplex
  • Gulf Access: No
  • Spa: No
Interior Features
  • Baths Full: 5
  • Bathrooms Total Integer: 5.0
  • Beds Total: 7
  • Cooling: Window Units, Wall Units
  • Cooling: Yes
  • Elevator Text Details: None
  • Flooring: Laminate
  • Heating: Other
  • Window Features: Single Hung
Rental
Rental Information
  • One Time Rec Lease Fee: $.00

Property History for 1270 Allen Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1270 Allen Street

Taxable ValueLand$27,840Additions$10Total$27,850
Tax Record2023$2,131 ($178 / month)
Home Facts
Beds4Total Finished SqFt1,980 SqFtAbove Grade Finished SqFt1,980 SqFtStories1Lot Size16,030 SqFtStyleSingle Family ResidenceYear Built1967Year Renovated1985ZoningCICountyLEEAPN18-44-25-P1-00035.0010

Schools near 1270 Allen Street

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
James Stephens International Academy
PublicPK to 5

Tice Elementary School
PublicPK to 5

Orange River Elementary School
PublicPK to 5

Edgewood Academy
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.

Similar Homes

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1270 Allen Street is a multi-family home for sale in Fort Myers, FL 33916. This property was listed for sale on September 12, 2024 by Call It Closed Intl Realty, it's currently listed at $550,000. It has been on the market for a total of 41 days and was last sold on November 4, 2022. This listing's school district is Lee. Nearby schools include James Stephens International Academy, Tice Elementary School and Orange River Elementary School. 1270 Allen Street is a 7-bed, 5-bath, 2,440 sqft multi-family home built in 1967.

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 Call It Closed Intl Realty, Jaime Taveras; Call It Closed Intl Realty, Jenny Caicedo

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.