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218 Primo Dr

2 Unit Block of Flats £2,157,127 (£1,078,564/Unit) 5.25% Net Initial Yield Fort Myers Beach, FL 33931

Investment Highlights

  • Pristine WEEKLY VACATION RENTAL SUPLEX in the heart of the island!

Executive Summary

Welcome to the most coveted duplex on Primo Drive, an exceptional WEEKLY VACATION RENTAL investment opportunity! Located in the heart of the island’s vibrant and popular North End, this 4-bedroom, 3.5-bath canal-front property combines luxury and convenience. With SELLER FINANCING AVAILABLE, this isn't just a home; it's a smart investment. Perfectly situated, you're within walking distance of Fort Myers Beach's top attractions, including the beach, Times Square, the Pier, recently opened Margaritaville Resort and a variety of shops, restaurants, and entertainment venues. Inside, the property has been fully remodeled with new kitchens and baths, luxury vinyl plank flooring, and impact-rated windows and doors. The interiors are designed with coastal elegance in mind, featuring new furnishings, plantation shutters, and tasteful décor. Outside, you'll find new pavers on the walkways and patio, surrounded by lush tropical native Florida landscaping. The beautifully refinished pool and spa are the focal points of the outdoor space, complemented by an upstairs balcony and a spacious covered downstairs seating area. Every detail, from composite decking materials to stair treads, has been selected for durability and style. Additionally, the property includes a boat house with a seating deck offering impressive canal and bay views. Recognized by the Town as a legal duplex with all work properly permitted, this property ensures peace of mind for the new owner. This canal front nugget offers excellent rental returns while giving you the freedom to enjoy the property whenever you wish!

Property Facts

Price £2,157,127
Price Per Unit £1,078,564
Sale Type Investment
Net Initial Yield 5.25%
No. Units 2
Property Type Residential
Property Subtype Apartment
Building Class C
Lot Size 0.14 AC
Building Size 2,652 SF
Average Occupancy 75%
Number of Floors 2
Year Built/Renovated 1978/2024
Parking Ratio 1.51/1,000 SF

Amenities

  • Smoke Detector

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Heating
  • Ceiling Fans
  • Eat-in Kitchen
  • Kitchen
  • High Speed Internet Access
  • Ice Maker
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Wi-Fi
  • Grill
  • Deck
  • Dining Room
  • Dock
  • Family Room
  • Handrails
  • Island Kitchen
  • Linen Cupboard
  • Pantry
  • Patio
  • Porch
  • Vinyl Flooring
  • Window Coverings

Site Amenities

  • Fenced Lot
  • Pool
  • Waterfront
  • Dock

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
4+3.5 2 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
19-46-24-W4-0060H.0120
Land Assessment
£314,239
Improvements Assessment
£170,408
Total Assessment
£560,957
  • Listing ID: 32392069

  • Date on Market: 09/07/2024

  • Last Updated:

  • Address: 218 Primo Dr, Fort Myers Beach, FL 33931

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