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Tice, FL Multifamily Home for Sale

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    $339,000

    • 4 Beds
    • 2 Baths

    648 Carolina Ave, Tice, FL 33905

    Shared Living Duplex – 10.5% Cap Rate | Room-by-Room Agreement ModelPositioned for maximum yield, this duplex is currently operated under a room-by-room agreement model, generating $48,000/year in gross income. With Net Operating Income of $35,558, the property delivers a 10.5% Cap Rate and GRM of 7.06, outperforming traditional rental configurations in the area.The structure

    Nikijha Lynch RB Real Estate LLC

    648 Carolina Ave, Tice, FL 33905

Why Live in Tice

Tice, FL, located near the Caloosahatchee River and Interstate 75, offers attractively priced housing options in a diverse Old Florida setting. The area has faced significant challenges from hurricanes in recent years, including Hurricane Ian in 2022 and hurricanes Helene and Milton in 2024, leading to ongoing redevelopment and new construction. Homes range from non-HOA properties built between the 1920s and 1980s to newer constructions on the south side, with prices varying from around $200,000 to $500,000. Midcentury ranch-style homes offer spacious lots, and several homes feature in-ground pools. Manufactured homes are also available, with prices ranging from $30,000 to $130,000. Flooding risks vary depending on proximity to the river, and wind damage is a concern during hurricane season. Schandler Hall Community Park features covered basketball courts, tennis, pickleball, and sand volleyball courts, while Russell Park offers a riverfront boat launch. The Caloosahatchee River is popular among boaters and anglers, and it connects to the Gulf of Mexico, attracting dolphins and manatees during winter. Environmental challenges include blue-green algae outbreaks. Billy Creek Preserve features paved multi-use trails, and Billy Bowlegs Park is a historic green space. Palm Beach Boulevard offers shopping and dining options, including Latin grocer Maxx Foods and several Latin restaurants. Downtown Fort Myers, minutes away, features dining and entertainment spots like Downtown House of Pizza and City Tavern. Public transportation is accessible via neighborhood bus stops, and Interstate 75 provides convenient access to greater Fort Myers and North Fort Myers. Southwest Florida International Airport is approximately 15 miles away.

Home Trends in Tice, FL

Housing Trends

Median Sale Price
$267,000
Median Single Family Sale Price
$299,450
Median Townhouse Sale Price
$267,250
Average Price Per Sq Ft
$220
Number of Homes for Sale
11
Last 12 months Home Sales
37
Months of Supply
3.60
Median List Price
$289,900
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-4%
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