Fort Myers Townhouse with
4029 Sandlewood Lane 2 Fort Myers, FL 33907
For Sale
$234,000
Spacious 3-bedroom townhouse in Parkwoods community, Fort Myers.
Property Size1,722 SF
Lot Size0.03 Acres
Price / SF$135.89
Days on Market517
Property Features for 4029 Sandlewood Lane 2
General Information
- Standard status
- Active
- Size
- 1,722 SF
- Lot size
- 0.03 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1980
Listing Agency:
John R. Wood Properties
(239) 565-7652
Listed By:
Sharon Torregrossa · License #258026894
(239) 565-7652
Source:
Exitrealty
Added: Feb 21, 2025
Changed: Jul 6
Last Checked: Jul 23 at 9:06AM
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 John R. Wood Properties
Investment Insights
Based on property information with market context.
This 3-bedroom, 2.5-bathroom townhouse is located in the Parkwoods Townhome Community in Fort Myers. The residence offers over 1,700 sq. ft. of living space. The property features an open-concept design connecting the living, dining, and family rooms. The kitchen is equipped with matching white appliances. The unit includes a private courtyard suitable for outdoor gatherings. Two of the three upstairs bedrooms have sliders and balconies that overlook the private courtyard area. An oversized laundry room provides extra storage space. The unit has two dedicated parking spots. Parkwoods Townhomes are conveniently located near grocery shopping, local amenities, shopping centers, and dining options. The Bell Tower Shops and Barbara B Mann theater are nearby.
Key Highlights
- Spacious 3‑bedroom, 2.5‑bathroom townhouse with over 1,700 sq. ft. of living space.
- Prime Fort Myers location near grocery shopping, local amenities, shopping centers, dining, Bell Tower Shops, and Barbara B Mann theater.
- Open‑concept design connecting living, dining, and family rooms.
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 | $40.1k | $23.28 |
| − Vacancy | −$1.7k | −$0.98 |
| EGI | $38.4k | $22.30 |
| − OpEx | −$17.3k | −$10.04 |
| NOI | $21.1k | $12.27 |
1,722 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$301.7K
$264.0K – $352.0K
NOI $21,122 @ 7.0% cap · market cap 9.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$542.0K
$474.2K – $632.3K
NOI $37,939 @ 7.0% cap · market cap 16.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Spacious 3-bedroom townhouse in Parkwoods community, Fort Myers.
Where is this residential income property located?
The property is located at 4029 Sandlewood Lane 2 Fort Myers, FL.
What is the asking price?
The asking price for this property is $234,000.
What are key features of this property?
This property features: Spacious 3‑bedroom, 2.5‑bathroom townhouse with over 1,700 sq. ft. of living space.; Prime Fort Myers location near grocery shopping, local amenities, shopping centers, dining, Bell Tower Shops, and Barbara B Mann theater.; Open‑concept design connecting living, dining, and family rooms.
