For Sale
$469,990

777 Bedford DrLehigh Acres, FL 33974

Florida duplex, strong ROI, 7% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
114
This meticulously maintained Class A duplex in Lehigh Acres, Florida, presents a compelling investment opportunity. Built in 2005, this fee-simple property boasts 4,612 square feet and features two units, each priced at $234,995. The property enjoys a current NOI of $33,800, translating to a 7.19% cap rate, with a pro-forma NOI of $35,500 and a pro-forma cap rate of 7.55%. Recent upgrades include a brand-new roof, and a recent 4-point inspection has been completed, satisfying insurance requirements. The property's strong income potential is further enhanced by the possibility of rental increases upon lease renewal. Located at 777 Bedford Dr, Lehigh Acres, FL 33974, this stabilized investment offers a total annual income of $43,875 and annual operating expenses of $10,074.38. The property's prime location in the rapidly growing Lehigh Acres area ensures strong tenant demand and future appreciation potential. This duplex represents a low-maintenance, high-return investment ideal for both seasoned investors and those seeking a stable income stream. The asking price is $469,990, with a price per square foot of $101.91. The property's APN is 23-45-27-L1-06015.0080.

Highlights

  • $469,990 asking price for a stabilized Class A multifamily investment property.
  • 7.19% cap rate, 7.55% pro-forma cap rate, with a $33,800 NOI and $35,500 pro-forma NOI.
  • 4,612 square feet, priced at $101.91 per square foot.
  • Two-unit apartment building, built in 2005, located at 777 Bedford Dr, Lehigh Acres, FL 33974.
  • Fee simple ownership with a broker co-op.
  • New roof and recent 4-point inspection.

Property Details for 777 Bedford Dr

Property type
Apartment buildings
Square Feet
4,612 SF
Class
A
Year Built
2005
Units
2

Location Insight

City
Lehigh Acres
County
Lee
State
Florida
Latitude
26.5497852
Longitude
-81.5890092
777 Bedford Dr, Lehigh Acres, Florida

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777 Bedford Dr
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