4562 Tennyson DR , NORTH FORT MYERS, 33903

Description

GREAT INVESTMENT OPPORTUNITY with immediate rental income and outstanding future income potential! This beautifully remodeled property features a 2-bedroom, 1-bath main home plus a separate 1-bedroom, 1-bath studio with its own private entrance. The studio is currently rented for $1,000/month, and the main 2/1 is rented for $1,650/month, generating $2,650 in current gross monthly rental income. The property has been extensively updated with a NEW ROOF, completely remodeled kitchen and bathrooms, stainless steel appliances, A/C less than 3 years old, nearly new water heater, 24x36 tile flooring throughout, custom-made wood closets, LED lighting, and a large screened-in patio. THE BIGGEST OPPORTUNITY: AN APPROVED ADU READY FOR CONSTRUCTION! The approved plans include a 2-bedroom, 1-bath ADU with separate electric and water meters. Once built, the property could offer THREE separate rental income-producing spaces, with estimated gross monthly rental income of approximately $4,300: $1,650 from the main home, $1,000 from the existing studio, and an estimated $1,650 from the new ADU. That's approximately $51,600 in potential gross annual rental income! The property is being offered at its current list price before ADU construction begins, giving the next owner the opportunity to take advantage of the approved plans and unlock the property's full income potential. Whether you're an investor looking to expand your rental portfolio or a buyer interested in living in one space while generating income from the others, this property offers flexibility, immediate cash flow, and the potential for three rental income streams. A rare opportunity with an approved ADU and tremendous upside. Don't miss it!