777 Bedford DrLehigh Acres, FL 33974

Property Details for 777 Bedford Dr

Year built

2005

Property size (Sq ft)

4,612 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Lehigh Acres

County

Lee

State

Florida

Latitude

26.5498

Longitude

-81.589

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