229 Fairweather Ln
Fort Myers Beach, FL 33931
4 Beds
4 Baths
230 Sq Ft
373 Days on Market
For Sale $820,000
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Courtesy of Sellstate Priority Realty

Listing Agent & Comments

Carol HillearySellstate Priority Realty
239-464-1944hillearycarol@gmail.com License #252012046
This quadraplex has a productive history as a vacation rental and also as a long term rental investment. It is located in a weekly rental zone enhancing the investment opportunities. It has 4 recently renovated one-bedroom, one-bath units each with a full kitchen and a living and dining area. Recent renovations include 4 totally new bathrooms, 2 new kitchens and a new roof in 2017. The roof was unaffected by Ian as it was built with additional anchors at every foot to keep the structure secure. The hot water heaters are new and the first floor units have new wiring and plumbing. Floors throughout the 4 units are attractive ceramic tile. There is one parking space assigned for each apartment. The building also offers a common washer and dryer and a peaceful patio in a tropical backyard setting. The location is ideal! It is a short leisurely walk to the beach. A beach access point is conveniently located approximately one block from the property. Access to Fort Myers Beach is open year-round from sunrise until past sunset. Guests will enjoy walking to Times Square and visiting a variety of shops and restaurants and a fishing pier. This property has a steady history of guests who have enjoyed fishing from the nearby pier or boating along the Gulf and stopping to dine at all the popular seafood restaurants. There are also parks in close proximity and many opportunities to travel to Sanibel and Captiva or take the jet powered catamarans from Fort Myers Beach to beautiful Key West. As a vacation rental the gross rent was $90,000 to $100,000 per year minus expenses for tourist tax and cleaning. The current income is from long term rentals with stable leases of $1600 monthly for each of the 4 units. There is a $76,800 per year long term rental income. All 4 tenants would like to stay. If you are an investor looking for a steady income either as a long term or vacation rental asset this is the place for you. If you love the beach and all it has to offer, consider using one of the units for yourself and renting out the others for a steady and reliable profit. The first floor unit on the right will be available for initial tours. Once there is continued interest the others will be available. The two first floor units sustained some drywall damage from Milton. The affected drywall was removed the next day and has been replaced.

MLS# 224051861 • Data provided by FLGCMLS
HouseCanary, Inc. Brokerage
Additional home details
Living Area230 Sq.Ft.
Lot Size4,443 Sq.Ft.
Total Rooms--
Bedrooms4
Bathrooms4
Stories2
Year Built1965
Property TypeMultifamily
ZoningRM-2
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$7,051
Property in Flood Zone--
More Information On This Home
This home's estimated value
$753,442
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
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229 Fairweather Ln., Fort Myers Beach, FL 33931

Multifamily
4 Beds
4 Baths
230 Sq Ft
373 Days on Market

Listing Agent & Comments

Carol HillearySellstate Priority Realty
239-464-1944hillearycarol@gmail.com License #252012046
This quadraplex has a productive history as a vacation rental and also as a long term rental investment. It is located in a weekly rental zone enhancing the investment opportunities. It has 4 recently renovated one-bedroom, one-bath units each with a full kitchen and a living and dining area. Recent renovations include 4 totally new bathrooms, 2 new kitchens and a new roof in 2017. The roof was unaffected by Ian as it was built with additional anchors at every foot to keep the structure secure. The hot water heaters are new and the first floor units have new wiring and plumbing. Floors throughout the 4 units are attractive ceramic tile. There is one parking space assigned for each apartment. The building also offers a common washer and dryer and a peaceful patio in a tropical backyard setting. The location is ideal! It is a short leisurely walk to the beach. A beach access point is conveniently located approximately one block from the property. Access to Fort Myers Beach is open year-round from sunrise until past sunset. Guests will enjoy walking to Times Square and visiting a variety of shops and restaurants and a fishing pier. This property has a steady history of guests who have enjoyed fishing from the nearby pier or boating along the Gulf and stopping to dine at all the popular seafood restaurants. There are also parks in close proximity and many opportunities to travel to Sanibel and Captiva or take the jet powered catamarans from Fort Myers Beach to beautiful Key West. As a vacation rental the gross rent was $90,000 to $100,000 per year minus expenses for tourist tax and cleaning. The current income is from long term rentals with stable leases of $1600 monthly for each of the 4 units. There is a $76,800 per year long term rental income. All 4 tenants would like to stay. If you are an investor looking for a steady income either as a long term or vacation rental asset this is the place for you. If you love the beach and all it has to offer, consider using one of the units for yourself and renting out the others for a steady and reliable profit. The first floor unit on the right will be available for initial tours. Once there is continued interest the others will be available. The two first floor units sustained some drywall damage from Milton. The affected drywall was removed the next day and has been replaced.

MLS# 224051861 • Data provided by FLGCMLS
HouseCanary, Inc. Brokerage
Additional home details
Living Area230 Sq.Ft.
Lot Size4,443 Sq.Ft.
Total Rooms--
Bedrooms4
Bathrooms4
Stories2
Year Built1965
Property TypeMultifamily
ZoningRM-2
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$7,051
Property in Flood Zone--
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
house
For Sale $820,000
Get_PreApproved_Property_Details
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Courtesy of Sellstate Priority Realty
229 Fairweather Ln
Fort Myers Beach, FL 33931
4 Beds
4 Baths
230 Sq Ft
373 Days on Market

Listing Agent & Comments

Carol HillearySellstate Priority Realty
239-464-1944hillearycarol@gmail.com License #252012046
This quadraplex has a productive history as a vacation rental and also as a long term rental investment. It is located in a weekly rental zone enhancing the investment opportunities. It has 4 recently renovated one-bedroom, one-bath units each with a full kitchen and a living and dining area. Recent renovations include 4 totally new bathrooms, 2 new kitchens and a new roof in 2017. The roof was unaffected by Ian as it was built with additional anchors at every foot to keep the structure secure. The hot water heaters are new and the first floor units have new wiring and plumbing. Floors throughout the 4 units are attractive ceramic tile. There is one parking space assigned for each apartment. The building also offers a common washer and dryer and a peaceful patio in a tropical backyard setting. The location is ideal! It is a short leisurely walk to the beach. A beach access point is conveniently located approximately one block from the property. Access to Fort Myers Beach is open year-round from sunrise until past sunset. Guests will enjoy walking to Times Square and visiting a variety of shops and restaurants and a fishing pier. This property has a steady history of guests who have enjoyed fishing from the nearby pier or boating along the Gulf and stopping to dine at all the popular seafood restaurants. There are also parks in close proximity and many opportunities to travel to Sanibel and Captiva or take the jet powered catamarans from Fort Myers Beach to beautiful Key West. As a vacation rental the gross rent was $90,000 to $100,000 per year minus expenses for tourist tax and cleaning. The current income is from long term rentals with stable leases of $1600 monthly for each of the 4 units. There is a $76,800 per year long term rental income. All 4 tenants would like to stay. If you are an investor looking for a steady income either as a long term or vacation rental asset this is the place for you. If you love the beach and all it has to offer, consider using one of the units for yourself and renting out the others for a steady and reliable profit. The first floor unit on the right will be available for initial tours. Once there is continued interest the others will be available. The two first floor units sustained some drywall damage from Milton. The affected drywall was removed the next day and has been replaced.

MLS# 224051861 • Data provided by FLGCMLS
HouseCanary, Inc. Brokerage
Additional home details
Living Area230 Sq.Ft.
Lot Size4,443 Sq.Ft.
Total Rooms--
Bedrooms4
Bathrooms4
Stories2
Year Built1965
Property TypeMultifamily
ZoningRM-2
HOA Name--
HOA Fee--
HOA Includes--
Tax Year2024
Tax Amount$7,051
Property in Flood Zone--
More Information On This Home
This home's estimated value
$753,442
ComeHome Estimated Value
What influenced our estimate?
This is ComeHome’s estimated market value for this home. It is not a formal appraisal. This estimate is based on our market knowledge, and it should be used as a starting point to determine a home’s value.
This property is missing data for:
Comparable properties
New
Do you own this home?
Access your homeowner dashboard
house

For Sale $820,000
Get_PreApproved_Property_Details
Save
Courtesy of Sellstate Priority Realty