Duplex with Tenant-Occupied
For Sale
$420,000
9036/9040 Tangelo BLVD, Fort Myers, FL 33967
Two 2-bedroom units are complemented by a separate 1-bedroom RV with a long-term tenant.
Property Size2,036 SF
Days on Market12
Property Features for 9036/9040 Tangelo BLVD
General Information
Standard status
Active
Size
2,036 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,542
Amenities
fenced backyard
storage sheds
tropical landscaping
Building Details
Building Size
2,036 SF
Year Built
1996
Buildings
1
Listing Agency:
Marzucco Real Estate
Listed By:
Roxana Montilva · License #NAPLES-249529018
(239) 250-5366
Source:
Kwelevate
Added: Oct 15
Changed: Oct 25
Last Checked: Oct 24 at 9:52PM
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 Marzucco Real Estate
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Investment Insights
Based on property information with market context.
This 1996 duplex includes two 2-bedroom, 1-bathroom units. One is occupied by a long-term tenant, while the other is owner-occupied. A separate 1-bedroom, 1-bathroom RV on the property also has a long-term tenant. City water serves the property.
Property improvements include a roof replaced in 2017, a fenced backyard installed in 2019, and three storage sheds. Extended driveways run along both sides of the property. Established landscaping includes avocado, mango, mandarin, and two coconut plants. The property is in Flood Zone X.
Property improvements include a roof replaced in 2017, a fenced backyard installed in 2019, and three storage sheds. Extended driveways run along both sides of the property. Established landscaping includes avocado, mango, mandarin, and two coconut plants. The property is in Flood Zone X.
Key Highlights
- Two duplex units, each with 2 bedrooms and 1 bathroom
- Separate 1‑bedroom, 1‑bathroom RV with a long‑term tenant
- One duplex unit has a long‑term tenant; the other is owner‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,949
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,980
$539.0K
Cap Rate 7%
$384,986
$385.0K
Cap Rate 9%
$299,433
$299.4K
Market Conditions
NOI Build-Up for 2,036 SF
Gross rent
$40.3K $19.80/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$38.5K $18.91/SF
− OpEx
−$11.5K −$5.67/SF
NOI
$26.9K $13.24/SF
Area
Lee County, FL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,980
Cap Rate 7%
$384,986
Cap Rate 9%
$299,433
Alternative Uses
Best Use
Multifamily LT 5
$385.0K
$336.9K – $449.2K
NOI $26,949 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$356.8K
$312.2K – $416.2K
NOI $24,974 @ 7.0% cap · market cap 5.95%
Theoretical Best
Office A
$640.8K
$560.7K – $747.6K
NOI $44,857 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
Explore this area
Business Placement
Demographics for 33967, FL
28,174
Population
11,685
Households
2.4
Avg Household Size
35
Median Age
36%
College-Educated
92%
High-School Grad
7.6 sq mi
ZIP Area
3,707
Density / Sq Mi
$84,787
Median Household Income
$48,792
Median Earnings
$1,695
Median Rent
$321,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two 2-bedroom units are complemented by a separate 1-bedroom RV with a long-term tenant.
Where is this duplex located?
The property is located at 9036/9040 Tangelo BLVD Fort Myers, FL.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: Two duplex units, each with 2 bedrooms and 1 bathroom; Separate 1‑bedroom, 1‑bathroom RV with a long‑term tenant; One duplex unit has a long‑term tenant; the other is owner‑occupied
