1. Florida
2. Fort Myers
3. 648 Carolina AVE

648 Carolina AVE, Fort Myers, FL 33905

• 4 beds |
• 2 baths

Property Description

Shared Living Duplex – 10.5% Cap Rate | Room-by-Room Agreement Model Positioned for maximum yield, this duplex is currently operated under a room-by-room agreement model, generating $48,000/year in gross income. With Net Operating Income of $35,558, the property delivers a 10.5% Cap Rate and GRM of 7.06, outperforming traditional rental configurations in the area. The structure offers 4 bedrooms, 2 bathrooms, and over 2,060 sq ft, with stable, long-term tenants and low turnover. The layout supports individual occupancy per room, offering tenants affordable housing while maximizing investor returns. Located in the Tice neighborhood, the property benefits from access to employment centers, public transportation, and strong rental demand. Priced at $339,000 Professionally managed Room-by-room agreements in place Operating expenses: $12,442 Traditional rental comparison available This opportunity offers investors a high-performing asset with immediate cashflow and potential for long-term equity growth.

Listing Status:

Active

Date Added:

November 26, 2024 at 06:00AM

Listing Office:

RB Real Estate LLC : (239) 293-4544

MLS ID:

224096021

Interior

• Flooring: Vinyl
• A/C: Window Unit(s)
• Heating: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of RB Real Estate LLC