Two Story, Quadraplex
13409/415 Pine Needle LN 415
FORT MYERS , FL 33908
MLS#: 2025019650
$759,000
Property
Beds
8
Full Baths
4
1/2 Baths
None
Year Built
1980
Sq.Footage
N/A
Coastal Quadplex Near Sanibel Beaches with an impressive 7.1% Cap Rate. Embrace the laid-back Florida lifestyle with this beautifully updated quadplex, ideally located just minutes from Sanibel Island and the area’s pristine beaches and shelling. Featuring four well-appointed units, each offering 2 bedrooms and 1 bathroom, and is fully occupied with long-term renters, providing immediate and reliable income. Thoughtful renovations on the lower two units completed in 2022 following Hurricane Ian. These units showcase coastal-inspired tile plank flooring, fresh drywall and insulation, updated electrical, updated baseboards, and light, airy interior paint. Kitchens on the lower level have been refreshed with modern appliances, updated cabinetry, granite countertops, and sleek fixtures—perfect for relaxed beachside living. Additionally, the upper left unit underwent a complete remodel in 2021, including a fully updated bathroom, new kitchen cabinets with granite countertops, new range, microwave, and refrigerator, kitchen LVP flooring, new carpet, updated electrical, modern fixtures, and fresh paint throughout. Upper right also has significant improvements providing confidence for years to come, including a new roof installed in 2023 and all HVAC replacements in 2021, 2023, and 2024. The front and rear lanais were fully rebuilt in 2023 with new framing and screens, creating inviting outdoor spaces to enjoy the Florida breeze. Adding to the property’s appeal is a spacious, fenced-in backyard complete with owners shed—an inviting outdoor retreat ideal for relaxing evenings, tenant enjoyment, and enhancing rental desirability. With its desirable location near Sanibel’s beaches, extensive updates, and an impressive 7.1% cap rate, this quadplex offers a rare opportunity to combine strong cash flow with the charm of coastal living. Serious offers only.
Features & Amenities
Interior
-
Total Bedrooms
8
-
Bathrooms
4
-
Cooling YN
YES
-
Cooling
N/A
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Central, Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block, Stucco
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.34
-
Property Type
Residential
-
Property Sub Type
Quadruplex
-
Architectural Style
Two Story, Quadraplex
Price
-
Sales Price
$759,000
-
Tax Amount
5947.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Senior Community YN
NO
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Location
County
Lee
Elementary School
Middle School
High School
Listing Courtesy of Beth Barton , Coastal Brokerage LLC
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Agent | Realtor®
Julia McCabe
Call Julia today to schedule a private showing.
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