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$415,000
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Property Description
40K REDUCTION! BRING AN OFFER. $60,540 annual income! Check out this multifamily complex on the market! This property features a quadplex, (4 units), and a separated 1 unit building. This property is sitting at a 6.5% Cap Rate with potential of a value add! The separate 5th unit includes a fridge, sink, stovetop, standing shower, toilet, & wall AC unit... Each standard unit of the quadplex is 1 bed 1 bath. 2 have wall A/c and 2 have central air. Cable is available. Unit 1 is remodeled, unit 2 is the largest unit with a den but no closet so it is still considered a 1/1. Units 3 & 4 are standard 1/1's. This property also features an oversized shop across from unit 4, which is currently used at storage. The Quadplex has a new roof installed. Water and electric is connected to 1 meter. All 5 units have tenants in place as well as property management in place. There is a shared common area for laundry on site. Please call with any questions I will answer them to the best of my knowledge. I have leases to share if needed. This Property has huge upside potential! Agents Please See Remarks in regards to showings.
Full Property Details
Full Property Details for 1281 Barrett Rd
General
- Sold For: $415,000
- Taxes: $4,695 (2021)
- Status: Closed
- Type: Multi-Family
- Source: Bonita_Springs
- MLS ID: 222045979
- Added to Site: 1, 314 day(s) ago
Interior
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Bedrooms
- Total Bedrooms: 5
Additional Information
- Shared Amenities: See Remarks
Location
- County: Lee
- Subdivision: NORTH FORT MYERS
Community
- Community Name: FN03 - North Fort Myers Area
- Pets Allowed: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric, Wall Unit(s)
- Heating Type: Central, Electric, Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Ranch, One Story
- Structure Type: Quadruplex
- Construction: Block, Concrete, Stucco
- Roof: Shingle
- Windows: Double Hung
- Stories/Levels: 1
- Year Built: 1982
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 0.5942
- Lot Size: .5942
- Lot Size Source: Appraiser
- Lot Dimensions: 118 x 228 x 115 x 228
- Irrigation System: Municipal
- Lot Features: Rectangular Lot
- Zoning: RS-1
Financial Considerations
- Operating Expenses: $15,539
- Tax Amount: $4,695.8
- Tax Year: 2021
- Terms: All Financing Considered, Cash
- Tenant Pays: Application Fee
Disclosures and Reports
- Legal Description: BEG NWCOR SE1/4-SE1/4 TH S 99 E513-BARRETT RD TH NWLY 107 W495TOPOB LESS W 1/2
- Property ID: 04-44-24-00-00031.0000
- Block: 31
Listed by Cozza Investment Group Inc
Sold by Cozza Realty Group Inc
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Schools
Schools serving 1281 Barrett Rd
School District:Lee County School District, Fort Myers, FL
| Name | Grades | Distance |
|---|---|---|
Tropic Isles Elementary School 5145 Orange Grove Boulevard, North Fort Myers, FL 33903 | K-5 | 0.6 mi |
Hancock Creek Elementary School 1601 Skyline Drive, North Fort Myers, FL 33903 | K-5 | 1.5 mi |
Diplomat Elementary School 1115 Northeast 16th Terrace, Cape Coral, FL 33909 | K-5 | 2.6 mi |
Diplomat Middle School 1039 Northeast 16th Terrace, Cape Coral, FL 33909 | 6-8 | 2.6 mi |
Caloosa Middle School 610 Del Prado Boulevard South, Cape Coral, FL 33990 | 6-8 | 2.8 mi |
Challenger Middle School, Cape Coral, FL 624 Trafalgar Parkway, Cape Coral, FL 33991 | 6-8 | 5.9 mi |
North Fort Myers High School 5000 Orange Grove Boulevard, North Fort Myers, FL 33903 | 9-12 | 0.6 mi |
Island Coast High School 2125 De Navarra Parkway, Cape Coral, FL 33909 | 9-12 | 4.1 mi |
Mariner High School 701 Chiquita Boulevard North, Cape Coral, FL 33993 | 9-12 | 5.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1281 Barrett Rd
Date
Details
Price
Change
Source
2/21/2023
Sold
$415,000
-7.57%
MLS
12/14/2022
Price Reduced
$449,000
-8.35%
MLS
11/03/2022
Price Reduced
$489,900
-4.87%
MLS
9/26/2022
Price Reduced
$515,000
-4.45%
MLS
9/02/2022
Price Reduced
$539,000
-2.88%
MLS
7/25/2022
Price Reduced
$555,000
-7.48%
MLS
6/15/2022
Listed
$599,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1281 Barrett Road, North Fort Myers, FL 33903 (MLS# 222045979) is a Multi-Family property that was sold at $415,000 on February 21, 2023. Want to learn more about 1281 Barrett Road? Do you have questions about finding other Multi-Family real estate for sale in North Fort Myers? You can browse all North Fort Myers real estate or contact a Coldwell Banker agent to request more information.

