Rare opportunity to acquire a fully occupied residential income property featuring five rental units on approximately 0.33 acres in Fort Myers, Florida. The property consists of four tenant-occupied mobile homes and one CBS block single-family home, providing immediate and consistent cash flow from day one.
The property currently generates approximately $4,850 per month in gross rental income with long-term tenants in place. Utilities currently include landlord-paid electric and water. Buyers should perform their own due diligence regarding income, expenses, zoning, insurance, and future operating costs.
An attractive financing opportunity may be available through an assumable loan, allowing a qualified buyer to acquire the property with approximately $110,000 down, subject to lender approval and loan assumption requirements. Existing financing carries a 10% interest rate with a 12-year amortization, offering an alternative to obtaining new financing.
Highlights:
Five income-producing residential rental units
Four mobile homes plus one CBS block home
Approximately 0.33-acre parcel
Fully occupied with rental income in place
Gross rental income of approximately $4,850 per month
Assumable financing opportunity available for qualified buyers
Excellent opportunity for investors seeking immediate cash flow
This property offers the potential to increase value through future rent adjustments, operational efficiencies, and long-term appreciation. Whether you are expanding your rental portfolio or making your first investment, this is a unique opportunity to acquire multiple income-producing units in one transaction.
Real estate only. Confidentiality agreement required for additional information. Buyer to verify all information during due diligence.
