706 Henry Avenue
About This Property
Calling all car enthusiasts, hobbyists, and growing families! This captivating ranch-style home offers the perfect blend of space, privacy, and a dream workshop for your family's passions. Nestled on over 1 acre in peaceful Lehigh Acres, this property is your ticket to a fulfilling life.
Imagine the Possibilities:
The Detached 3-Car Garage/Workshop is your family's ultimate project haven. Equipped with water, electricity, AC, and an RV plug, it's ideal for woodworking, car restoration, or pursuing any creative endeavor.
Full, Paid Solar powers the entire property, including the workshop, so you can unleash your inner tinkerer without worrying about the electricity bill.
Spark Your Family's Imagination: Picture endless hours spent working on projects together, fostering creativity, and building lasting memories in this dedicated space.
Beyond the Workshop:
The main house features a comfortable layout with 2 bedrooms, 2 baths, and a sparkling pool. The brand-new kitchen is perfect for family meals, while the cathedral ceilings and family room overlooking the preserve create a spacious and inviting atmosphere.
The master suite boasts a generous walk-in closet and a modern ensuite bathroom.
Extensive upgrades throughout the house ensure move-in readiness. Enjoy newer windows, doors, appliances, guest bath, pool screens, and electrical fixtures.
Family-Friendly Freedom:
No HOA restrictions allow you to personalize your property and pursue your hobbies freely.
The large 1-acre lot provides ample space for kids and pets to play safely.
The convenient location near Fort Myers, I-75, shopping, and dining offers the perfect balance of tranquility and accessibility.
This unique property is more than just a house; it's a launching pad for family connection, creativity, and a fulfilling lifestyle. Don't miss your chance to own this slice of paradise!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 2, 2024 | Sold | ||
| Sold | |||
| Mar 1, 2024 | Listed by Redfin Corporation | $460,000 | |
| Listed by Redfin Corporation | |||
| Jun 6, 2022 | Sold | ||
| Sold | |||
| Apr 16, 2022 | No longer available | - | |
| No longer available | |||
| Apr 11, 2022 | Listed by Redfin Corporation | $375,000 | |
| Listed by Redfin Corporation | |||
Property Highlights
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About Richmond
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017