WEST of US 41 in the heart of Bonita Springs. Current monthly rental income is +/- $7400 with annual leases. With a low tenant turn-over, there is huge demand for openings and multiple qualified tenant applications with each vacancy. Up to date kitchens and bathrooms in all units. 7- One bedroom/ one bath units, 1- Two bedrooms/ one bath unit. All hard-surface flooring (Terrazzo or tile floors), all painted identically, very low maintenance, each unit has its own driveway with parking. 1 mile from the stunning Lely Barefoot Beach. Easy access to shopping, recreation, restaurants, cultural activities. Neighboring condos are renting for $1600 per month. Seasonal leases could net significant return on investment. Neighboring villas nightly rate is $179 in “season”. Unknown potential for redevelopment due to proximity to beach and city center.
Listing courtesy of Terrastar Real Estate Services.
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