NOT LISTED FOR SALE

13401 Pine Needle Ln Fort Myers, FL 33908

8 Beds
4 Baths
3,408 Sq Ft
0.34 Acres

Last Sold March 15, 2019

Last sale price $440,000 $129 Per Sq Ft

37 Days on Market

Highlights

  • Corner Lot
  • Tile Flooring
  • Ceiling Fan
  • Fort Myers High School Rated A
  • Central Heating and Cooling System

About This Home

As of March 2019

This seller has two quads for sale in a highly desirable rental area serving Sanibel Island and the beaches. All very well maintained with good rental history and books. Attached proforma shows actual expenses with what current buyers property taxes will be. Rents are below market as some tenants have been in place over five years. - so rents are below market (One in place ten years) Some units totally renovated some in original condition - but all in great shape and regular maintenance records are available during due diligence. This is a solid investment with easy to verify numbers. In my opinion the rents are $150 to $200 below market for each unit, but the proforma are actual rents and still look good. Please do not disturb tenants. There are no vacancies and rarely are, we will show the units only with a contract with proof of ability to perform.

Last Agent to Sell the Property

Gregg Fous

LPT Realty, LLC License #258002924 Listed on: 01/06/2019

LPT Realty, LLC

Last Buyer's Agent

Remy Parys

Florida Real Estate Connection License #252000362

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,292

Year Built

  • Built in 1980

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 140 x 110 x 140 x 110
  • Corner Lot

Home Design

  • Quadruplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,408 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for departure cleaning, electricity, telephone, water
  • Tax Lot 1
  • Assessor Parcel Number 02-46-23-04-00000.0010

Community Details

Overview

  • 4 Units
  • Whispering Pines Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $14,566
  • Gross Income $48,805
  • Net Operating Income $31,799

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,292

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.34
  • Lot Size: 140 x 110 x 140 x 110
  • Subdivision Name: WHISPERING PINES
  • Directions: Summerlin to McGregor to Davis Road to Needle
  • Architectural Style: Other, Ranch, One Story
  • Building Stories: 1
  • Structure Type: Quadruplex
  • Year Built: 1980
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Number Of Buildings: 1
  • Private Spa: No
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Flooring: Tile
  • Window Features: Other

Exterior Features

  • Lot Features: Corner Lot
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block, Concrete, Stucco
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Assessment Paid, See Remarks

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: See Remarks
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 02-46-23-04-00000.0010
  • Zoning Description: RM-2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Departure Cleaning, Electricity, Telephone, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 48805.0
  • Property Net Operating Income: 31799.0
  • Annual Operating Expense: 14566.0

Tax Info

  • Tax Annual Amount: 4292.0
  • Tax Lot: 1
  • Tax Year: 2017

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2019 03/15/19 Sold $440,000 -7.4% $129 / Sq Ft
02/13/2019 02/13/19 Pending -- -- --
01/06/2019 01/06/19 For Sale $475,000 -- $139 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2019

    Gregg Fous

    LPT Realty, LLC

    Section Image

  • R

    Buyer's Agent in 2019

    Remy Parys

    Florida Real Estate Connection

    (239) 541-9900

    14 Total Sales

    Remy Parys
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 219001601

Florida Gulf Coast Multiple Listing Service
Florida Lee County Fort Myers 33908

13401 Pine Needle Ln, Fort Myers, FL

This home is located at 13401 Pine Needle Ln, Fort Myers, FL 33908 since 06 January 2019. This property was built in 1980. 13401 Pine Needle Ln is a home located in Lee County with nearby schools including Orangewood Elementary School, Allen Park Elementary School, and Edison Park Creative & Expressive Arts School.

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