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$199,999

Beds
2
Baths
1.0
sq ft
1,360

100 Cabana Ave, North Fort Myers, FL 33903

100 Cabana Ave

North Fort Myers, FL 33903

  • 70 days on market
    • Price drop $5,001↓
Amazing Investment Opportunity in SWFL! Discover this exceptional property located just minutes from the vibrant downtown areas of Fort Myers and Cape Coral. Nestled on a generous .29-acre corner lot, this home boasts a prime location off Pondella Rd and US-41, making it ideal for both homeowners and investors alike. Key Features: Zoning for Duplex Multifamily: This property is zoned for multifamily use, allowing for the addition of an extra unit, maximizing your investment potential. Combine it with the neighboring lot at 1170 River Rd for an incredible opportunity to create up to four units! Fully Remodeled (2023): This home has undergone a comprehensive remodel, featuring brand-new electrical and plumbing systems, fresh paint, an updated kitchen, and a renovated bathroom. The roof was replaced in 2018, ensuring peace of mind for years to come. Cash Flow Potential: With a projected cash flow of over $8,000 MONTHLY, this property is not just a home; it's a smart financial investment. Additional Lot Opportunity: Purchase the neighboring lot at 1170 River Rd, which includes an existing garage that can be converted into a studio apartment, further enhancing your income potential. The garage is built with durable concrete block and has a new roof. Don’t miss out on this incredible opportunity to invest in one of SWFL’s most sought-after areas. Whether you’re looking to expand your portfolio or create a personalized living space, this property offers endless possibilities!

Details

Property type

Single Family Residence

Est. home value

$219,143

Lot size

0.29 acres

Price per sq ft

$148

Year built

1948

Annual property taxes

$320.77

HOA

No

Price History

12/05/2024

FGCMLS #224082393

Price change
$199,999
-2.44%
10/27/2024

FGCMLS #224082393

Price change
$205,000
-6.82%
10/14/2024

FGCMLS #224082393

Listed
$220,000
+91.3%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Number of units in community: 

1

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Pmac Lending Services Inc

Loan start date

August 2023

Original loan amount

$138,000

Est. remaining balance

$135,986

Interest rate

6.67%

Loan type

New Conventional, 30 year

Seller

Miry Cohen and Steven C Hoffman

Lender

Pmac Lending Services Inc

Loan start date

August 2023

Original loan amount

$138,000

Est. remaining balance

$135,986

Interest rate

6.67%

Loan type

New Conventional, 30 year

Seller

Miry Cohen and Steven C Hoffman

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/23/2024 at 11:50 AM

Listing updated: 12/05/2024 at 7:25 AM

Listed by: Mason Gascot, Coldwell Banker Realty Phone #: (239) 263-3300

MLS: FGCMLS #224082393

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