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423 Lazy Way 4 Unit Apartment Building $1,996,490 CAD ($499,123 CAD/Unit) 6.18% Cap Rate Fort Myers Beach, FL 33931
EXECUTIVE SUMMARY
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!
PROPERTY FACTS
| Price | $1,996,490 CAD | Building Class | B |
| Price Per Unit | $499,123 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 3,160 SF |
| Cap Rate | 6.18% | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1974/2024 |
| Property Type | Multifamily | Parking Ratio | 1.9/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | TFC2 - Residential Four Family (Allows Single and Multi-Family properties) | ||
| Price | $1,996,490 CAD |
| Price Per Unit | $499,123 CAD |
| Sale Type | Investment |
| Cap Rate | 6.18% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 3,160 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2024 |
| Parking Ratio | 1.9/1,000 SF |
| Zoning | TFC2 - Residential Four Family (Allows Single and Multi-Family properties) |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Storage Space
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Deck
- Dining Room
- Linen Closet
- Patio
- Porch
- Smoke Free
- Vinyl Flooring
- Large Bedrooms
- Quartz Countertops
SITE AMENITIES
- Laundry Facilities
- Storage Space
- Bicycle Storage
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 2 | - | - |
| 1+1 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 33-46-24-W2-00001.005B | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $920,981 CAD |
PROPERTY TAXES
Parcel Number
33-46-24-W2-00001.005B
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$920,981 CAD
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423 Lazy Way
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