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    Renovated Home in Cedarbend Village Title is generated by Realmo AI

    5260 Cedarbend SW Drive 4, Fort Myers, FL 33919

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    For Sale
    $209,000

    Renovated 3-bedroom home in Fort Myers' Cedarbend Village.

    Type:Condo/Townhome
    Property size:
    1,371 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $152/SF
    Added:
    Dec 23, 2024
    Days on Market:
    563
    Last Refresh:
    May 20 at 12:59 am

    Property Features for 5260 Cedarbend SW Drive 4

    General Information

    Standard status
    Active
    Size
    1,371 SF
    Lot size
    0.03 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1985

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    Contact an agent
    Ben Rivera

    Listing office VIP Realty Group Inc

    Listing date Dec 23, 2024

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of VIP Realty Group Inc

    HighLights

    • Completely renovated 3‑bedroom, 2.5‑bathroom home.
    • Rare opportunity: the only 3‑bedroom home available in the desirable Village of Cedarbend.
    • Updated kitchen boasts ample counter space, sleek finishes, and modern appliances.
    • Split‑bedroom layout for privacy and flexibility.
    • Enjoy the screened lanai and spacious courtyard for outdoor living.
    • Convenient location: minutes from Fort Myers Beach, downtown, RSW Airport, dining, and entertainment.

    Overview

    Located in the Village of Cedarbend in Fort Myers, this renovated home features three bedrooms and two and a half bathrooms. The property offers a split-bedroom layout. The updated kitchen combines style and functionality with ample counter space, sleek finishes, and modern appliances. Outdoor living is enhanced by a screened lanai and a spacious courtyard suitable for barbecues and gardening. The property is located minutes from Fort Myers Beach, downtown Fort Myers, RSW International Airport, and various dining, entertainment, and recreational options. The residence, with a size of 1371 square feet, is suitable as a full-time residence, a seasonal retreat, or an investment property.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $31.9k $23.28
    − Vacancy −$1.3k −$0.98
    EGI $30.6k $22.30
    − OpEx −$13.8k −$10.04
    NOI $16.8k $12.27
    1,371 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $240.2K
    $210.2K – $280.3K (±1% cap)
    NOI $16,817 @ 7.0% cap · market cap 8.05%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $431.5K
    $377.6K – $503.4K (±1% cap)
    NOI $30,206 @ 7.0% cap · market cap 14.45%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Parking Lot & Garage (Bike/Boat/Book/etc) Store Electrical Service Grocery & Convenience Store Barber Shop Garden Center Food Market Daycare Center Veterinary Clinic (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.882943
    Latitude
    26.581735

    FAQs

    What type of property is this?
    Residential income property - Renovated 3-bedroom home in Fort Myers' Cedarbend Village.
    Where is this residential income property located?
    The property is located at 5260 Cedarbend SW Drive 4 Fort Myers, FL.
    What is the asking price?
    The asking price for this property is $209,000.
    What are key features of this property?
    This property features: Completely renovated 3‑bedroom, 2.5‑bathroom home.; Rare opportunity: the only 3‑bedroom home available in the desirable Village of Cedarbend.; Updated kitchen boasts ample counter space, sleek finishes, and modern appliances.
    More about this property
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