NOT LISTED FOR SALE

5437 8th Ave Fort Myers, FL 33907

Pine Manor Neighborhood

Estimated Value: $293,000 - $382,000

4 Beds
2 Baths
1,764 Sq Ft
$183/Sq Ft Est. Value

Last Sold May 18, 2018

Last sale price $120,000 $68 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $1,909/month

22 Days on Market

Highlights

  • Tile Flooring
  • Central Heating and Cooling System
  • Rectangular Lot
  • Fort Myers High School Rated A

About This Home

As of May 2018

Great duplex in Pine Manor. Strong tenant demand in this area with increasing rents! Long term tenants that pay rent on time. Great property for first time investor or added to an existing portfolio. Buy this 11% CAP and start gaining equity from day 1. Properties are moving quick in this area so don't wait, call for a showing today. No FHA.

Last Agent to Sell the Property

Steve Wood

Venture Realty & Investments License #258004155 Listed on: 03/26/2018

Last Buyer's Agent

Steve Wood

Venture Realty & Investments License #258004155 Listed on: 03/26/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,463

Year Built

  • Built in 1974

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50 x 125 x 50 x 125
  • Rectangular Lot

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,764 Sq Ft Home
  • Single Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, sewer, water
  • Legal Lot and Block 22 / 20
  • Assessor Parcel Number 11-45-24-05-00020.0220

Community Details

Overview

  • 2 Units
  • Pine Manor Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $2,000
  • Net Operating Income $15,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,463

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.14
  • Lot Size: 50 x 125 x 50 x 125
  • Subdivision Name: PINE MANOR
  • Directions: From US 41 take Oak Drive to Eighth Ave. Turn left. Property is on left side of street
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • Year Built: 1974
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Flooring: Tile
  • Window Features: Single Hung

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: None
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 11-45-24-05-00020.0220
  • Zoning Description: TFC-2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Sewer, Water

Multi Family

  • Number Of Units Total: 2
  • Property Net Operating Income: 15400.0
  • Annual Operating Expense: 2000.0

Tax Info

  • Tax Annual Amount: 1463.0
  • Tax Block: 20
  • Tax Lot: 22
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2016
Sold by
Kpw Properties Inc
Bought by
Avalanche Properties Llc
Current Estimated Value
$323,667

Purchase Details

Closed on
Apr 18, 2005
Sold by
Archer Kenneth D and Archer Mary A
Bought by
Kpw Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,720
Interest Rate
5.88%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Avalanche Properties Llc $845,000 The Title Co
Kpw Properties Inc $251,800 Executive Title Ins Svcs Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open A & J Beepat Llc $93,000
Previous Owner Kpw Properties Inc $100,720
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2018 05/18/18 Sold $120,000 -13.7% $68 / Sq Ft
04/18/2018 04/18/18 Pending -- -- --
03/26/2018 03/26/18 For Sale $139,000 -- $79 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,404 $122,250 -- --
2023 $2,404 $111,136 $0 $0
2022 $2,317 $101,033 $0 $0
2021 $1,988 $116,489 $8,400 $108,089
2020 $1,776 $88,018 $8,400 $79,618
2019 $1,627 $75,907 $5,200 $70,707
2018 $1,584 $75,896 $5,200 $70,696
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Steve Wood

    Venture Realty & Investments

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 218021422

Florida Gulf Coast Multiple Listing Service

APN: 11-45-24-05-00020.0220

Florida Lee County Fort Myers 33907 Pine Manor

5437 8th Ave, Fort Myers, FL

This home is located at 5437 8th Ave, Fort Myers, FL 33907 since 26 March 2018 and is currently estimated at $323,667, approximately $183 per square foot. This property was built in 1974. 5437 8th Ave 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Gulf Coast Multiple Listing Service The information is being provided by Southwest Florida Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service. All Rights Reserved

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