503 Prospect Avenue
Pending
Pending
Description
This well-maintained, fully updated rental property offers a total of three units, all currently leased with established contracts, making it a perfect investment opportunity. Located in a highly convenient area of Fort Myers, this property is just minutes away from local supermarkets, fast food restaurants, and the bustling downtown area, with easy access to Interstate 75 for quick commutes. Unit 1: Spacious 3-bedroom, 1-bathroom,...Charming Updated Multi-Unit Rental Property in the Heart of Fort Myers
This well-maintained, fully updated rental property offers a total of three units, all currently leased with established contracts, making it a perfect investment opportunity. Located in a highly convenient area of Fort Myers, this property is just minutes away from local supermarkets, fast food restaurants, and the bustling downtown area, with easy access to Interstate 75 for quick commutes. Unit 1: Spacious 3-bedroom, 1-bathroom, perfect for families or tenants seeking additional space. Unit 2: Cozy 1-bedroom, 1-bathroom, ideal for individuals or couples looking for a more compact living space. Unit 3: Comfortable 2-bedroom, 1-bathroom, offering a great balance of space and affordability. Each unit has been thoughtfully updated, ensuring comforts with all the amenities your tenants need. Whether you're looking for a steady rental income or a property with long-term investment potential, this multi-unit home offers great value in a prime location. Don't miss out on this opportunity to own a well-located rental property with strong cash flow potential.
- Listed by Jenny Caicedo • Call It Closed Intl Realty
Property Details for 503 Prospect Avenue
Property Details for 503 Prospect Avenue
| Status | Pending |
|---|---|
| MLS # | 224094301 |
| Days on Market | 7 |
| Taxes | $3,427 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1941 |
| Lot Size | 0.48 AC / 20,908 SF |
| County | Lee County |
Building Information for 503 Prospect Avenue
Property Information for 503 Prospect Avenue
- City: Fort Myers
- Directions: GPS for Directions
- Human Modified: No
- Latitude: 26.67
- Longitude: -81.82
- MLS Area Major: FE02 - East Fort Myers Area
- Pets: No Approval Needed
- Postal Code: 33905
- Street Name: PROSPECT
- Street Number: 503
- Street Suffix: AVE
- Block: 0000A
- Full Address: 503 PROSPECT AVE
- Covered Spaces: .00
- Amenity Rec Fee: $.00
- Application Fee: $.00
- Association Fee Total Frequency: Annually
- Association Fee 2: $.00
- Tax Annual Amount: $3,427.00
- Tax Year: 2024
- Transfer Fee: $.00
- Association Fee 3: $.00
- Development Name: EASTLAND PARK
- Parcel Number: 09-44-25-08-0000A.0220
- Property Type: Residential Income
- Section: 09
- Lot Unit: 0220
- Source of Measure Lot Dimensions: Appraiser
- Lot Desc: Oversized Lot
- Acres: 0.48
- Lot Size Area: 0.48
- Lot Size Dimensions: 149 x 140 x 149 x 139
- Source of Measurements: Appraiser
- Lot Size Units: Acres
- Legal Desc: EASTLAND PARK BLK A PB 7 PG 47 LOTS 22 THRU 24
- Total Area: 0.0
- Possession: Close Of Escrow
- Property Condition: Resale
- Property Sub Type: Triplex
- Township: 44
- Range: 25E
- Special Assessment: 0.00
- Sub Condo Name: EASTLAND PARK
- Year Built Numeric: 1941
- Property Sub Type Additional: Triplex
- Zoning Code: TFC-2
- 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
- Sewer: Central
- Utilities: Cable Available
- Water Source: Public
- Water: Central
- Gross Rental Income: $39,069.00
- Annual Net Operating Income: $63,200.00
- Annual Food And Beverage Minimum: 0.00
- Number Of Units Total: 3
- Annual Expenses: $24,531.00
- Other Fee: $.00
- Stories: 1.0
- Units in Building: 3
- Monthly Gross Income: $1,600.00
- Unit Type Baths Total: 1
- Unit Type Beds Total: 1
- Unit Type Description: Great Room,Microwave,Range,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: 0.0
- Monthly Gross Income: $1,900.00
- Unit Type Baths Total: 1
- Unit Type Beds Total: 2
- Unit Type Description: Great Room,Microwave,Range,Refrigerator
- Furnished: Unfurnished
- Unit Type Garage Spaces: .00
- Unit Type Pro Forma: 1900
- Unit Type Type: Two Bedroom
- Unit Type Num Full Baths: 1
- Unit Type Num Half Baths: 0
- Living Area: 0.0
- Monthly Gross Income: $2,100.00
- Unit Type Baths Total: 1
- Unit Type Beds Total: 4
- Unit Type Description: Great Room,Microwave,Range,Refrigerator
- Furnished: Unfurnished
- Unit Type Garage Spaces: .00
- Unit Type Pro Forma: 2100
- Unit Type Type: Four Bedroom Or More
- Unit Type Num Full Baths: 1
- Unit Type Num Half Baths: 0
- Living Area: 0.0
- Architectural Style: Ranch, One Story
- Association Amenities: None
- Canal Width: None
- Construction: Wood Frame
- Exterior Features: None
- Exterior Features: None
- Irrigation Source: None
- Private Pool: No
- Roof: Shingle
- Structure Type: Triplex
- Gulf Access: No
- Spa: No
- Baths Full: 3
- Bathrooms Total Integer: 3.0
- Beds Total: 7
- Cooling: Central Air, Electric, Wall Units
- Cooling: Yes
- Elevator Text Details: None
- Flooring: Vinyl
- Heating: None
- Heating: No
- Window Features: Single Hung
- One Time Rec Lease Fee: $.00
Property History for 503 Prospect Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 503 Prospect Avenue
Schools near 503 Prospect Avenue
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 | ||
Edgewood Academy PublicPK to 5 | ||
Orange River Elementary School PublicPK to 5 | ||
Tice 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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Listing Courtesy of 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.
