1520/1522 Gretchen Avenue S Lehigh Acres, FL 33973
MULTI_FAMILY - Ranch - Lehigh Acres, FL
Property Features for 1520/1522 Gretchen Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 4, Bathroom 4, Bathroom 1, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 1
- Pets allowed
- Yes
- Appliances
- WaterSoftener
- Standard status
- Active
- APN
- 04-45-26-L2-05009.0060
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LEHIGH ESTATES UNIT 5 BLK 9 PB 15 PG 85 LOT 6
- Tax Annual Amount
- 1536
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Central
- Cooling system
- Ceiling Fan(s), Electric, Central Air
- Water source
- Well
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Block, Concrete, Stucco
- Roof type
- Shingle
- Architectural style
- Ranch
Listing agent Christian Azpeitia-Gomez License #258035647 (239) 357-5833
Listing office Marzucco Real Estate 16299 S Tamiami Trail, Fort Myers, FL (239) 269-1584
Listing date Jul 14, 2026
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The duplex is located at 1520/1522 Gretchen Avenue S in Lehigh Acres, Florida (Lee County), 33973. The listing remarks indicate a convenient setting near schools, parks, and shopping centers.
For purchasers seeking established rental income, the current in-place leases provide immediate revenue while retaining flexibility to own both sides of the duplex.
Key Highlights
- Brand‑new 2025 ranch duplex (under construction) in Lehigh Acres with both units currently leased at $2,000/month through October 1, 2026
- Each unit offers 1,744 sq ft with 3 bedrooms and 2 full bathrooms
- Central air and electric heating, plus ceiling fans
Local Financial Insights For Multifamily LT 5
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 | $69.1k | $19.80 |
| − Vacancy | −$3.1k | −$0.89 |
| EGI | $66.0k | $18.91 |
| − OpEx | −$19.8k | −$5.67 |
| NOI | $46.2k | $13.24 |
