Paul Sanguinetti

REMAX REALTY TEAM
239-560-3960

*INVESTORS* Awesome location on Lake McGregor Dr. Parcel is already zoned multi-family less than 10 units. Seller has copy-written civil engineering plans and drawings and approvals, & ALL PERMITS IN PLACE for a 5-plex. The sale includes any and all plans transferable to new owner to develop. There is an IMPACT FEE CREDIT of approximately $62,000 transferable to new owner as well ($38,750 Road, $11,500 Water, $12,500 sewer). Amazing value. The plans for 5-plex: All units are second floor, and there is covered parking for each unit under building. Each unit is 2/2 with approximately 931 Sq Ft under air. Each unit has a balcony/lanai that overlooks the lake. Current plans are to have units finished comparably to surrounding areas with finishes that include granite, tile, solid wood cabinetry, impact rated windows, AND MORE! SELLER is willing to build for new owner at COST-Plus. Contact agent for more info. One of the last remaining multi-family parcels in this area of Ft. Myers. Current Market rents estimate each unit at approximately $1400 a month, a potential monthly income of $7,000. Check out the construction of similar building at 915 Lake Mcgregor Dr.