2668-2674 Michigan Ave Fort Myers, FL 33916

Second price reduction! Motivated sellers! This charming corner lot property is situated in the highly desirable Dean Park District of Fort Myers. Featuring a new standing seam metal roof, impact windows, tankless water heaters, and elevated HVAC units, this income producing property is outfitted to withstand wear and tear from both tenants and the elements, allowing a potential buyer to focus on generating income rather than attending to maintenance issues. In terms of amenities, this property features twin carports with attached laundry rooms and a large fenced in back yard. The location is also unbeatable, providing residents walking access to downtown Fort Myers while affording them all of the peace and serenity that Dean Park living offers. The left side of this duplex is occupied by an annual tenant at more than $2,000 per month and the right side unit is currently operated as a vacation rental (renting at more than $4,500 per month for season), providing ample opportunity for owner occupants to take advantage of the income from the left unit while living in the right unit or continuing to rent this side as a vacation rental. For investors looking to maximize cash flow without the complexity of managing short term rentals, there have been multiple applications for annual tenancy of the right side at $2,400 per month. Possible annualized gross income of $57,600 with both sides rented at $2,400 per month or more with the right side rented as a vacation rental! This property features an assumable flood insurance policy, providing coverage through the end of 2025 (December 1st, 2025). Seller has already procured a renewal flood policy quote at $5,110 annually which would extend coverage through December 1st of 2026. Seller is including funds for this renewal as a credit to buyer at closing, meaning that buyers can rest assured knowing that flood coverage can be in place for two hurricane seasons, should they choose to allocate this $5,110 credit toward the quoted policy renewal. Agent/Owner Disclaimer- Listing agent possesses an ownership interest in the property.