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Key Details
Sold Price $705,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,341 sqft
Price per Sqft $211
Subdivision Riviera Colony
MLS Listing ID A4633603
Sold Date 02/10/25
Bedrooms 5
HOA Y/N No
Originating Board Stellar MLS
Year Built 1997
Annual Tax Amount $11,539
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 88x125
Property Sub-Type Duplex
Property Description
Investors dream! A two-income duplex in a prime waterfront location that combines strong cash flow and long-term appreciation potential. Located on a private street with exclusive boat launch access, this property offers direct Gulf access via the Imperial River and Estero Bay—a boater's dream! With an income-based appraisal in 2023 of $1.1M, this is a rare opportunity indeed. Own and profit from this amazing income-generating asset.
Act fast:
• Solid income stream: Both units leased through July 2025.
• Elevated living spaces: The second-story units have NEVER had water intrusion—a critical factor in a high-demand waterfront market.
• Unbeatable location: Access to a private boat ramp and the open Gulf. A boater's paradise, with unparalleled recreational value.
No HOA. NO restrictions on short-term vacation rentals or long-term tenants.
• Upgrades that matter: A new roof (2021), new water heaters, new A/C units (2020 and 2022), and storm shutters (for all windows)
mean low maintenance and high ROI for years to come. A/C bi-annual service contracts are already in place!
• The perfect foundation: The ground floor is non-habitable and is reinforced with 14 feet of masonry block and reinforced steel—built to
last. Elevation certificate is available for accurate flood insurance quote.
GREAT for investors who want more than just a place to park their money. An income powerhouse. With steady leases in place, premium location, and PRIME boat access, this duplex promises immediate returns and long-term value.
Don't miss out. This doesn't come around often—act now and position yourself for the future with this unique investment.
Location
State FL
County Lee
Community Riviera Colony
Zoning TFC-2
Interior
Interior Features Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen
Heating Central
Cooling Central Air
Fireplace false
Appliance Dishwasher, Electric Water Heater, Range, Refrigerator
Laundry Inside
Exterior
Exterior Feature French Doors, Hurricane Shutters
Parking Features Boat, Driveway, Garage Door Opener
Garage Spaces 1.0
Utilities Available Public
Waterfront Description Pond
View Y/N 1
Water Access 1
Water Access Desc River
Roof Type Shingle
Porch Covered, Deck, Front Porch, Patio, Rear Porch, Screened
Attached Garage true
Garage true
Private Pool No
Building
Entry Level Two
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,Vinyl Siding
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition None
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© 2025 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with STELLAR NON-MEMBER OFFICE