UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,306 sqft
Price per Sqft $195
Subdivision Lehigh Acres
MLS Listing ID TB8337818
HOA Y/N No
Year Built 2005
Annual Tax Amount $4,443
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Duplex
Source Stellar MLS
Property Description
777-779 Bedford Dr, Lehigh Acres, FL 33974
Unlock dual-income potential with this spacious and versatile duplex, perfectly suited for investors and owner-occupants alike. Whether you're planning to live in one unit and rent the other, or apply a BRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy, this property is a smart addition to any real estate portfolio.
Each side of this 3 bed / 2 bath unit features a functional, open layout filled with natural light, high ceilings, and well-maintained finishes—ready for tenants or immediate move-in.
Property Highlights:
6 Bedrooms / 4 Bathrooms total (3/2 per unit)
2,306 sq ft of total living space
Built in 2005 on a 0.29-acre lot
Brand-new roof (2023)
Clean 4-point inspection completed
Attached 2-car garage
Modern interiors with kitchen/family room combo and vaulted ceilings
Well-maintained systems including HVAC, septic, and well
Located in a quiet, residential neighborhood with strong rental demand
Financials & Investment Potential:
Cap Rate: 7.25%
Cash-on-Cash Return: 5%
Annual Gross Income: ~$43,875
Operating Expenses: ~$10,074
Net Operating Income (NOI): ~$35,400
Room for Rent Increases as leases renew
Location Perks:
Minutes from shopping, dining, and schools
Easy access to SR-82 and major commuter routes
Rapidly growing Lehigh Acres market with strong appreciation potential
Bonus:
May qualify for down payment assistance through participating lenders—ideal for first-time homebuyers or house hackers!
Whether you're aiming to build equity while reducing your housing cost, or seeking strong, passive rental income with upside potential, 777-779 Bedford Drive checks all the boxes. Don't miss this chance to own a solid income-producing asset in a thriving Florida market.
Schedule your private showing today!
Location
State FL
County Lee
Community Lehigh Acres
Area 33974 - Lehigh Acres
Zoning RM-2
Interior
Interior Features High Ceilings, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor
Heating Central
Cooling Central Air
Fireplace false
Laundry In Garage
Exterior
Exterior Feature Lighting
Garage Spaces 2.0
Utilities Available Public
Roof Type Shingle
Attached Garage true
Garage true
Private Pool No
Building
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Septic Tank
Water Well
Structure Type Stucco
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8337818
