7431 Ontario Dr Bokeelia, FL 33922
- Multifamily properties
- 2,200 SF
- 1.53 lot acres
Current Use by Public Records
- Multifamily properties
Property Details for 7431 Ontario Dr
- Year built
- 1956
- Lot size
- 1.53 lot acres
- Property size
- 2,200 SF
- Property type
- Multifamily properties
Description
This exceptional investment opportunity presents a six-unit multi-family property situated on a spacious 1.53-acre lot in Bokeelia, Florida. The property boasts excellent frontage on Stringfellow and Ontario Drive, offering convenient access and high visibility. The complex comprises four units located on one address and two additional units situated on a separate address at 7431 Ontario Drive. This presents a unique opportunity for streamlined management. Three of the four units facing Stringfellow have undergone a complete top-to-bottom renovation. These extensive renovations include brand new roofs, flooring, electrical and plumbing systems, updated cabinetry and bathrooms, and modern appliances. The remaining units offer potential for further value enhancement through renovation or upgrading to match the recently remodeled units. The substantial lot size provides ample space for potential expansion, future development, or simply offers a comfortable buffer between the units. With a total of 2,200 square feet of living space across six units, this property presents a strong cash flow potential for an astute investor seeking a turnkey multi-family investment in a desirable location. The property is priced at $989,740, representing a compelling opportunity in the current market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bokeelia
- County
- Lee
- State
- Florida
- Longitude
- -82.148
- Latitude
- 26.68201
