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24 W Mariana Avenue, North Fort Myers, FL 33903

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For Sale
Sale Pending

$950,000

0.67 acres

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 0.7 acres
    Lot size

  • Over 50 Years Old
    Age

Explore this Property

BUYER FINANCING COMMITMENT WAS REVOKED ON CLOSING DAY. Their opportunity lost is your gain! 8-Plex Income Property on Large Lot with Strong Cap Rate. This concrete block 8-plex in North Fort Myers delivers steady income and minimal upkeep. The building includes 5 two-bedroom units and 3 one-bedroom units, totaling 13 bedrooms and 8 bathrooms, with each unit averaging around 700 sq ft. Gross rental income in 2024 was $93,795, and with professional management included in expenses, the property yields a 7.61% cap rate. Tenant history is strong, with several long-term residents, and all current leases are month-to-month, offering flexibility for future adjustments. The property sits on a .67-acre lot with plenty of room, featuring paved parking and a grassy overflow area for additional vehicles. Recent upgrades include a 2023 ROOF, new septic system (per property manager), fresh exterior paint, and new front windows. All units but one have been updated, and three units are currently vacant, offering immediate income potential in a high-demand rental market. Conveniently located near Walmart, Home Depot, restaurants, schools, and public transportation via US-41 and nearby bus stops. Owner pays garbage, water, and mowing. Tenants pay everything else. Please do not disturb tenants.
MLS# 225046592

Courtesy Of RE/MAX Nautical Realty

(239) 542-3332

Property Features

  • Age
    Over 50 Years Old
  • Lot Size
    0.67 Acres

Map and Directions

Directions to 24 W Mariana Avenue, North Fort Myers, FL 33903

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Copyright © 2025 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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