1189 North Tamiami Trail
1189 North Tamiami Trail
Description
Projected increased revenue is evident, with two rooms in the caretaker unit (#F) under renovation and being leased for $1,000 each. This strategic move is projected to elevate the annual rental income, yielding a cap rate of 10.2%. Tenants are responsible for electricity, and a single water meter efficiently serves both parcels. Recent septic system installed - saving you peace of mind that all renovations have been made. Adding to the property's appeal, an on-site caretaker oversees day-to-day management. The property is also Section 8 approved! The surrounding area's economic vitality further enriches the investment landscape, with an average household income of $66,472 annually within a 5-mile radius. A projected annual population growth of 3.44% from 2023 to 2028 underscores the area's allure for residents and investors. North Fort Myers, situated on the picturesque Caloosahatchee River, offers a vibrant setting just 12 miles upriver from the Gulf of Mexico. Whether catering to full-time residents, part-timers, or vacationers, the city's unique waterfront ambiance and amenities make it an enticing destination. The broader Southwest Florida region surrounding Fort Myers also boasts natural beauty and diverse opportunities for outdoor activities, creating a compelling narrative for this multifamily offering. Jump at the chance to acquire a desirable multifamily investment in Southwest Florida's coastal landscape. Seller financing offered: $1,850,000, $450,000 down, 6% interest only, 5 year balloon amortized over 30 years.
- Listed by Asha Stalnaker • EXP Realty LLC
Property Details for 1189 North Tamiami Trail
Location
Property Details for 1189 North Tamiami Trail
| Status | Active |
|---|---|
| MLS # | 224034568 |
| Days on Market | 19 |
| Taxes | $6,568 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Commercial Sale / Multi Family |
| Year Built | 1942 |
| Lot Size | 0.31 AC / 13,634 SF |
| County | Lee County |
Location
Building Information for 1189 North Tamiami Trail
Payment Calculator
$10,644 per month
30 year fixed, 7.25% Interest
$10,096
$547
$0
Property Information for 1189 North Tamiami Trail
- City: NORTH FORT MYERS
- Human Modified: Yes
- Latitude: 26.67
- Longitude: -81.88
- MLS Area Major: FN06 - North Fort Myers Area
- Postal Code: 33903
- Street Direction Prefix: N
- Street Name: Tamiami
- Street Number: 1189
- Street Suffix: TRL
- Full Address: 1189 N Tamiami TRL
- Location: 1189 N Tamiami & Additionally 15/17 Cypress St
- Covered Spaces: .00
- Amenity Rec Fee: $.00
- Application Fee: $.00
- HOA Fee: $.00
- Tax Annual Amount: $6,568.37
- Tax Year: 2023
- Transfer Fee: $.00
- Association Fee 3: $.00
- Parcel Number: 11-44-24-01-000R0.0010
- Property Type: Commerical
- Acres: 0.313
- Lot Size Area: 0.313
- Source of Measurements: Appraiser
- Lot Size Units: Acres
- Legal Desc: CABANA CITY BLK.R PB 8 PG 61 LOTS 1 THRU 23 INC.
- Property Condition: Resale
- Property Sub Type: Multi Family
- Special Assessment: 0.00
- Year Built Numeric: 1942
- Zoning Code: C-2
- Land Lease Fee: $.00
- Lease Considered: No
- Lease Amount Per Area Unit: Dollars Per Square Foot
- Sale Or Lease Includes: Building And Land,Equipment,Fixtures
- One Time Land Lease Fee: $.00
- One Time Mandatory Club Fee: $.00
- One Time Othe Fee: $.00
- One Time Special Assessment Fee: $.00
- Sewer: Septic
- Utilities: Electricity Available, Septic Available, Trash Collection, Water Available
- Water: None
- Annual Food And Beverage Minimum: 0.00
- Other Fee: $.00
- Total Floors: 1
- Canal Width: None
- Exterior Features: None
- Gulf Access: No
- Cooling: Yes
- Elevator Text Details: None
- Heating: No
- One Time Rec Lease Fee: $.00
Property History for 1189 North Tamiami Trail
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1189 North Tamiami Trail
Schools near 1189 North Tamiami Trail
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | PK to 5 | |||
| Public - | PK to 5 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
Hancock Creek Elementary School PublicPK to 5 | ||
Tropic Isles Elementary School PublicPK to 5 | ||
Dr Carrie D Robinson Littleton Elementary School PublicPK to 5 | ||
J. Colin English 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 EXP Realty LLC, Asha Stalnaker
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.
