4562 Tennyson Drive, North Fort Myers, FL 33903
- $319,000
- 3
- BD
- 2
- BA
- 1,210
- SqFt
- List Price
- $319,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 2026037877
- Subtype
- Residential
- Style
- Other, Ranch, One Story
- Architectural Style
- Other, Ranch, One Story
- Year Built
- 1969
- Bedrooms
- 3
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 1,210
- Acres
- 0.22
- Subdivision
- North Fort Myers
- Neighborhood
- North Fort Myers
- MLS Area Major
- FN04 - North Fort Myers Area
Property Description
GREAT OPPORTUNITY for investors, first-time buyers, or anyone looking for a beautifully remodeled home with immediate rental income and significant future upside! This spacious 3-bedroom, 2-bath property consists of 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 to excellent tenants who are reliable and consistently pay on time. The main 2/1 was previously rented for $1,750/month and is currently vacant, making it easy to show. 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. One of the property's biggest advantages is the ADU potential. Plans and a permit application have recently been submitted to the City for approval for a fully legal ADU with separate electric and water meters. Once completed, the ADU could significantly increase the property's rental potential and turn this into an even stronger investment opportunity with multiple income-producing spaces. The property is being offered at the current list price before ADU construction begins. Once construction starts, the value and asking price will naturally increase. This property offers incredible flexibility: purchase it as an investment and benefit from the existing rental income, or live comfortably in the main 2/1 while keeping the studio rented for $1,000/month to help offset your monthly expenses. With the major renovations already completed, a separate income-producing studio, and the ADU process already underway, this is a tremendous opportunity with immediate income and substantial future investment potential. A fantastic first property or investment—don't miss it!
Additional Information
- Amenities
- Other
- Interior Features
- Other, Shower Only, Separate Shower
- Exterior Features
- Security/High Impact Doors, Other
- Taxes
- $2,589
- Property Description
- Other, Ranch, One Story
- Zoning
- RS-1
- Flooring
- Tile
- Appliances
- Dishwasher, Freezer, Microwave, Range, Refrigerator
- Heating
- Central, Electric
- Air Conditioning
- Central Air, Electric
- Exterior Construction
- Block, Concrete, Stucco
- Stories
- 1
- Roof
- Shingle
- Parking Features
- Attached Carport
- View
- City
Listing Courtesy of South Florida Trust Realty, In