$1,150,000

1040-1058 Old Bridge Road

NORTH FORT MYERS FL, 33917

Description

Riverfront multi family! Income/Expense sheet is in the picts. Run the numbers, this property floats itself and provides a cash flow until future development for Riverfront condos. Very unique and one of a kind opportunity to do that, considering a vacant developable million-dollar Riverfront parcel will cost about 60K annually for carrying costs.Owner will hold financing. Over 1 1/3 acres directly on the river while also fronting on Canal! Eight 2 bedroom 1 bath concrete block apartments on the site. Also, four boat docks on canal and 150 foot boat dock on River. Directly across the street is 40 acres owned by Lee County as conservation land. Current density if this were a vacant parcel would be over 20 units that can be built on this Riverfront site.

Details

MLS#220082185
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1979
Days On Site28

Features

Bed(s)16
Bath(s) 8 Total
SQ Feet6,500
Story(s)1
Acreage1.29
Water FrontYes
Property ViewYes

Market Activity 33917

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Area Information
StateFL
CountyLee
CityNORTH FORT MYERS
Zip Code33917
AreaFN08 - North Fort Myers Area
Community NameONE
Listing VS Median (in ONE)
Price:
$1,150,000
low | high
Med:
$359,000
100% of Average
SqFt:
6,500
low | high
Med:
2,193
100% of Average
$ / SqFt:
$177
low | high
Med:
$164
57.472392394774% of Average
On Site:
28
low | high
Med:
7
100% of Average
Listing Updated: January 25, 2021 3:44:22 PM PST
Steven Loffreno LogoMLS Number: 220082185
Listing Provided By:
Steven Loffreno  of  Integrity Real Estate Prop

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