6 Beds
4 Baths
2,306 SqFt
6 Beds
4 Baths
2,306 SqFt
Key Details
Property Type Multi-Family, Duplex
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,306 sqft
Price per Sqft $160
Subdivision Lehigh Acres
MLS Listing ID TB8566374
Bedrooms 6
Construction Status Completed
HOA Y/N No
Year Built 2005
Annual Tax Amount $5,012
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Duplex
Source Stellar MLS
Property Description
Property Address: 777–779 Bedford Drive
Positioned in a high-demand rental corridor, this fully occupied duplex presents an outstanding turnkey opportunity offering immediate, reliable cash flow and substantial value-add potential.
Investment & Income Highlights
Immediate Cash Flow: Fully leased to reliable tenants generating $2,975/month in current gross income ($1,475 & $1,500/side).
Leases run through 02/27/2027 and 03/31/2027, guaranteeing immediate income with zero initial vacancy loss, and ability to turnover for upside within 6 months of purchase.
Significant Upside (Pro Forma): With minor cosmetic updates (paint and light cosmetic enhancements), market rents support $1,900–$2,000 per side, bringing total potential gross income to $3,800–$4,000/month.
Strong Net Cash Flow Potential: Projected $1,400–$1,600/month in net cash flow at market rents, and updated carrying cost.
Low CapEx Risk: Major capital improvements are already complete. The roof was replaced within the last 5 years, and all major mechanical systems are in good working condition—minimizing deferred maintenance and protecting your bottom line.
Tenant-Magnet Layout: Each unit features a highly functional 3-bedroom, 2-bathroom floor plan with an attached 1-car garage. This layout commands premium rent, attracts long-term tenants, and minimizes turnover.
Location & Submarket Growth
High-Demand Corridor: Strategically located near primary commuter routes, major regional employment hubs, retail centers, and dining options.
Low Vacancy Submarket: Situated in a high-demand rental pocket characterized by low vacancy rates and steady annual rent growth, positioning the asset for long-term equity appreciation.
Showing & Tenant Privacy
Showing Requirements: Showings are strictly accommodated with proof of funds/pre-approval and advanced notice, preferably during the inspection period following an accepted offer.
Tenant Privacy: Please respect tenant privacy. Under no circumstances should prospective buyers approach or disturb tenants without explicit approval from the listing agent.
Location
State FL
County Lee
Community Lehigh Acres
Area 33974 - Lehigh Acres
Zoning RM-2
Interior
Interior Features High Ceilings, Open Floorplan, Primary Bedroom Main Floor, Thermostat
Heating Central
Cooling Central Air
Flooring Tile
Fireplace false
Appliance Electric Water Heater, Freezer, Range, Refrigerator
Laundry In Garage
Exterior
Exterior Feature Lighting
Garage Spaces 2.0
Utilities Available Electricity Connected, Private
View Y/N No
Water Access No
Roof Type Shingle
Porch Patio, Rear Porch
Attached Garage true
Garage true
Private Pool No
Building
Entry Level One
Foundation Slab, Stem Wall
Lot Size Range 1/4 to less than 1/2
Sewer Septic Tank
Water Well
Level or Stories One
Structure Type Block,Concrete,Stucco
New Construction false
Construction Status Completed
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8566374
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