House in Fort Myers, FL 33916

Evans James Homstead, 2674-2674 Michigan Ave

This charming corner lot property is in the desirable Dean Park District of Fort Myers. Featuring a new standing seam metal roof, impact windows, tankless water heaters and elevated HVAC units, this property with income-producing potential is outfitted to withstand wear and tear from 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 backyard. The location is also unbeatable, providing residents quick access to downtown Fort Myers while affording them all the peace and serenity Dean Park living offers. The left side of this duplex is occupied by an annual tenant and the right side unit is operated as a vacation rental, providing ample opportunity for owner occupants to take advantage of the potential 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. Possible annualized gross income with both sides rented with the right side rented as a vacation rental! This property features an assumable flood insurance policy, providing coverage through the end of 2025 (Dec. 1, 2025). Seller has procured a renewal flood policy quote at $5,110 annually which would extend coverage through Dec. 1, 2026. Seller is including funds for this renewal as a credit to buyer at closing, meaning buyers can rest assured knowing 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.