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824 Alderman Street

Fort Myers, FL 33916
  • $1,356,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 222068454
UPDATED: 87 min ago
$1,356,000
  • 0
    BEDS
  • 0.98
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1985
County:
Lee

School Ratings & Info

Description

Incredible investment opportunity in the heart of Fort Myers, FL. Ten units are included in this package; all are two bedrooms with one full bath. All units are currently occupied with annual leases in place. Partial remodel in eight out of ten units. Rents are near market value, generating a very healthy NOI. The current GRM is 10, with a cap rate of 7.8%.

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© 2022 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Clausen Properties, Inc.. Data last updated 2022-12-04T10:30:27.583.
www.clausenproperties.com/homes/134537910
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824 Alderman Street Fort Myers, FL 33916

  • Price: $1,356,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 87 min ago
  • MLS #: 222068454
0
Beds
0
Baths
0
½ Baths
0.98
Acres
1985
Built
Neighborhood:
Fe02 - East Fort Myers Area
County:
Lee
Area:
Fe02 - East Fort Myers Area
Property Description
Incredible investment opportunity in the heart of Fort Myers, FL. Ten units are included in this package; all are two bedrooms with one full bath. All units are currently occupied with annual leases in place. Partial remodel in eight out of ten units. Rents are near market value, generating a very healthy NOI. The current GRM is 10, with a cap rate of 7.8%.
Exterior Features

Covered Spaces 0 Waterfront Features None Waterfront YN No

Property Features

Current Use Multi-Family Development Name Gulf Access YN 0 Hoa Fee 0 Land Lease Amount 0 Lease Amount 11300 Lease Amount Frequency Monthly Lease Considered YN No Master Hoa Fee 0 Potential Short Sale YN N Property Condition Resale Property Sub Type Multi Family Restrictions Tax Annual Amount 11796.6 Tax Year 2021 Utilities Electricity AvailablePhone AvailableSewer AvailableTrash CollectionWater Available Zoning Description Rs-7

Listing courtesy of Kevin Daly of Century 21 Sunbelt Realty: 239-561-5645.


© 2022 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Clausen Properties, Inc.. Data last updated 2022-12-04T10:30:27.583.
 
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