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4562 Tennyson Drive, North Fort Myers, FL 33903

$298,900
: 3
BD
: 2
BA
: 1,210
SqFt

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List Price: $298,900
Status: ACTIVE
MLS#: 2026037877
Price Change: ▼ $20,100 1792181591
Bedrooms: 3
Bathrooms: 2
Living Area: 1,210
Development: North Fort Myers
Subdivision: North Fort Myers

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Property Description

EXCEPTIONAL INVESTMENT OPPORTUNITY! This income-producing property currently generates $2,650 in gross monthly rental income ($31,800 annually), featuring a remodeled 2-bedroom, 1-bath main home rented for $1,650/month and a separate 1-bedroom, 1-bath studio rented for $1,000/month. Major improvements include a NEW ROOF, remodeled kitchen and bathrooms, stainless steel appliances, newer A/C and water heater, tile flooring, and screened patio. THE REAL VALUE: CITY-APPROVED PLANS FOR A 2-BEDROOM, 1-BATH ADU WITH SEPARATE WATER AND ELECTRIC METERS! Once completed, the property could generate an estimated $4,300/month or $51,600 in gross annual rental income from THREE separate rental spaces. That's approximately 62% more gross rental income than currently generated! The property is offered with the ADU still unbuilt, allowing the next owner to capitalize on the approved plans and unlock significant additional income potential. Immediate cash flow, substantial upside, and the opportunity to own a three-income-stream investment. A DEAL WORTH A CLOSER LOOK!

239-922-3339

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Additional Information

Taxes: $2,589
Building Design: Single Family
Year Built: 1969
Community Type: Non-Gated
Construction: Block, Concrete, Stucco
Living Area: 1,210
Acres: 0.22
Interior Features: Other, Shower Only, Separate Shower
Amenities: Other
Cooling: Central Air, Electric
Heating: Central, Electric
Flooring: Tile
Exterior Features: Security/High Impact Doors, Other
View: City
Waterfront Description: None
Water: Assessment Paid, Public
Sewer: Assessment Paid, Public Sewer
Stories: 1
Pets: Yes