4562 Tennyson Dr, North Fort Myers, FL 33903
$319,000
Property Details for 4562 Tennyson Dr
-
Status
For Sale -
Living Area
1,210 Sq. Ft. -
Bedrooms
3 -
Bathrooms
2 Full -
Built
1969 -
Type
Single Family
GREAT OPPORTUNITY for investors, first-time buyers, or anyone looking for a beautifully remodeled home with immediate rental income and significant future upside! This spacious 3-bedroom, 2-bath property consists of a 2-bedroom, 1-bath main home plus a separate 1-bedroom, 1-bath studio with its own private entrance. The studio is currently rented for $1,000/month to excellent tenants who are reliable and consistently pay on time. The main 2/1 was previously rented for $1,750/month, easy to show.
The property has been extensively updated with a NEW ROOF, completely remodeled kitchen and bathrooms, stainless steel appliances, A/C less than 3 years old, nearly new water heater, 24x36 tile flooring throughout, custom-made wood closets, LED lighting, and a large screened-in patio.
One of the property's biggest advantages is the ADU potential. Plans and a permit application have recently been submitted to the City for approval for a fully legal ADU with separate electric and water meters. Once completed, the ADU could significantly increase the property's rental potential and turn this into an even stronger investment opportunity with multiple income-producing spaces.
The property is being offered at the current list price before ADU construction begins. Once construction starts, the value and asking price will naturally increase.
This property offers incredible flexibility: purchase it as an investment and benefit from the existing rental income, or live comfortably in the main 2/1 while keeping the studio rented for $1,000/month to help offset your monthly expenses. With the major renovations already completed, a separate income-producing studio, and the ADU process already underway, this is a tremendous opportunity with immediate income and substantial future investment potential. A fantastic first property or investment—don't miss it!
Julia Wolfswinkel
REALTOR®
The data relating to real estate for sale on this Website comes in part from the Broker Reciprocity Program (BR Program) of these sources: M.L.S. of Naples, Inc., Bonita Springs-Estero Association of Realtors, Southwest Florida MLS (Gulf Coast), Mid Florida MLS. Properties listed with brokerage firms other than Featured Home Listings are marked with the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program. The data is updated every 4 hours, but can be influenced by delays from various real estate companies entering data in MLS. Some properties that appear for sale on this website may subsequently have sold or may otherwise no longer be available. All properties are subject to price or other changes without notice. For the most current information, please contact us using this form, or click on the "Request Info or Appointment" button on the search results and detailed property pages.
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