About 1010/1012 Gerald Ave
New construction duplex built in 2025 — fully leased and generating income from day one. Two identical units, each with a one-car garage. 1,199 SF per unit. Tile floors throughout, quartz countertops, stainless steel appliances, and impact windows and doors. No HOA. Both units are leased at $1,650/month ($3,300/month combined) with leases commencing August 2026. Annual lease terms. No lease-up risk, no vacancy period — contracted cash flow in place at closing. Well water and septic eliminate water and sewer costs entirely for tenants.
Features of 1010/1012 Gerald Ave
| MLS® # | 2026027378 |
|---|---|
| Price | $499,000 |
| Bedrooms | 6 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 2,398 |
| Acres | 0.24 |
| Year Built | 2025 |
| Type | Income |
| Sub-Type | Duplex |
| Style | Duplex |
| Status | Active |
Community Information
| Address | 1010/1012 Gerald Ave |
|---|---|
| Area | LA01 - North Lehigh Acres |
| Subdivision | LEHIGH ACRES |
| City | LEHIGH ACRES |
| County | Lee |
| State | FL |
| Zip Code | 33936 |
| Community Type | No Subdivision |
Amenities
| Amenities | None |
|---|---|
| Is Waterfront | No |
| Pets Allowed | No Approval Needed |
| Waterfront | None |
| Has Pool | No |
| Elevator | None |
Interior
| Heating | None |
|---|---|
| Cooling | Central Electric |
| Fireplace | No |
Exterior
| Exterior | Concrete Block, Stucco |
|---|---|
| Lot Description | Regular |
| Roof | Shingle |
| Construction | Concrete Block, Stucco |
Additional Information
| Days on Market | 73 |
|---|---|
| Zoning | RM-2 |
| Foreclosure | No |
| Short Sale | No |
| Total Annual Recurring Fees | $0 |
| Total One Time Fees | $0 |
Listing Details
| Office | Verawood Realty Inc |
|---|