423 Lazy Way - Apartments FOR SALE


Fort Myers Beach, FL 33931- Fort Myers Outlying
$1,450,000 USD
239-940-7749
423 Lazy Way, Fort Myers Beach, FL for Sale
$1,450,000 USD
Apartments - FOR SALE
1/50
null | 6.18% Cap Rate

423 Lazy Way
Fort Myers Beach, FL 33931
Fort Myers Outlying


OVERVIEW

Are you craving a coastal haven where Shore, Sand, Shell, and Sea come to life? Then discover 423 Lazy Way, where each of its four unique units proudly bears one of these seaside names! Tucked into the WEEKLY VACATION RENTAL ZONE, this treasure offers SIX BEDROOMS and SIX FULL BATHS. Breathe in the Gulf breeze—and the sweet scent of profit—with this remarkable TURNKEY gem, perfect for savvy investors chasing a solid ROI or beach enthusiasts yearning for a coastal escape that pays for itself - and then some - whenever they’re not soaking up the sun. Upstairs, each of the two spacious 2-bedroom, 2-bath units showcases open-concept layouts, quartz countertops, and a spa-inspired Shower Panel Tower System. Enjoy relaxing in the covered private balconies overlooking the canal across the street. Enjoy the canal view as you whip up a mouthwatering seafood feast—whether it’s a fresh catch reeled in on your own tackle or sourced from one of our local wild-caught fresh fish markets—savor every bite of coastal goodness! On the ground floor, two 1-bedroom, 1-bath retreats feature granite countertops and screened porches for added privacy, perfect for winding down after sun-soaked adventures. Nestled in a quiet, friendly neighborhood balancing year-round residents with weekly vacation rentals, 423 Lazy Way also delights with regular sightings of dolphins and manatees! Rest easy under a newer roof (installed 10/23), with new water heaters and mini-splits quietly comforting the lower units. A shared laundry area, private parking, high-speed internet, and smart TVs add additional comforts. Enjoy your own Shore, Sand, Shell, and Sea—and let your barefoot beach dreams – AND ROBUST RETURNS - truly thrive at 423 Lazy Way!

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$459 USD /SF

# OF UNITS

4

PRICE/UNIT

$362,500

CAP RATE

6.18%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,912 SF

ZONING

TFC2

APN/PARCEL ID

33-46-24-W2-00001.005B

ASK ABOUT THIS PROPERTY

Dennis WagamanRealty One Group MVPMore Info
239-940-7749

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Dennis WagamanRealty One Group MVPMore Info
239-940-7749

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.