11381/1383 Dean St, Bonita Springs, FL 34135

Property Description

INVESTOR’S DREAM OPPORTUNITY! 2 SEPARATE SINGLE-FAMILY-HOMES ON A VERY LARGE, 0.307-ACRE, CORNER LOT IN BONITA SPRINGS, JUST MINUTES TO THE THRIVING NEW DEVELOPMENTS OF DOWNTOWN BONITA SPRINGS & LESS THAN 15 MINUTES TO THE BEACH! Live in one and rent the other, rent both, AirBNB (no rental restrictions), expand/renovate, build new— the options are endless! Comprised of a 2-bed*, 1 bath bungalow AND a SEPARATE 2-story home with the top floor comprised of 1-bed, 1 bath, full kitchen & living room, oversized covered porch plus over 1,000 sq ft of storage/flex space on the lower level with possibility to be renovated or changed to meet the buyers’ needs. City of Bonita Springs feels the lower level could be renovated & connected to the upstairs unit via staircase to become legal under air living space & turn that 2-story home into a much larger home (Buyer to conduct own due diligence & ensure all renovation plans meet the requirements of all authorities, Neither Listing Broker nor Seller make any guarantees). In 2024, there were 3 leases on this property: the storage area in the downstairs apartment leased for $1300/month to a small contracting company, 11381 Dean Street (bungalow) was leased at $1400/month. The upstairs apartment was leased at $1800/month - each rental mentioned occurred at the same time. The 2024 Annual Rental Income for both properties was $54,000! The properties have been updated with solid surface floors throughout, updated baths & an updated kitchen in the 2-story home. New roof in 2018 (on bungalow) and new A/C in 2021 (2-story home)! The bungalow has a tenant in-place through December and the 2-story property is vacant and able to be used as the buyer desires. HUGE parking lot area allows additional opportunity. Laundry on-site. Downtown Bonita Springs has been an investor's haven as it booms with new local restaurants, cafes & shops and is currently home to Riverside Park (which hosts festivals & concerts), a brand-new library, an brand new food truck park & Sugarshack live music cafe, & historic attractions such as Shangri-La Springs & the Historic Wonder Gardens. Only 15 minutes to Bonita Beach & Barefoot Beach with easy access to RSW via I-75 or Imperial Parkway!