
Sanibel, FL2840 W Gulf Drive 40, Unit 40
Price$449,000
Est. Mortgage: $/month
MLS Number 223022947
- Condo Residential
- Bathroom 2
- Bedrooms 2
- Year Built 1975
- Square Feet 942
PRIME WEST GULF DRIVE LOCATION Unit experienced extensive damage from IAN. The complex is currently in the process of mitigation and restoration. The unit will be gutted and is now under renovations overseen by the owners association. Renovations to this unit will include all new appliances, new kitchen, bedrooms, bathrooms, walls, molding and flooring. All new electrical, plumbing and mechanical systems are included. Owner will have input and may upgrade to custom finishes. This property has been in the rental program and is a great investment opportunity. THREE DAY RENTALS ALLOWED. This unit is in building six, near the tennis courts. Amenities: heated pool, shuffle board, tennis and pickleball courts, BBQ grills, picnic tables, deeded beach access and onsite laundry. Pre-Ian sales were at $588k and $650k. Washer & Dryer hookup in master bedroom that holds stackable unit. Owner pets allowed. Anticipated assessment is $125k to $150k to be assumed by buyer. As-is. Pictures are pre-IAN. Rental income: 2022 (Jan-Sept)- $46,146; 2021 - $51,895.
Listed by Kingfisher Real Estate,Inc.