Commercial Sale Property - Multi Family in Fort Myers
Listing Price: $1,200,000
Description of Property
Incredible investment opportunity in the heart of Fort Myers, FL. Ten (10) condo 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. Roofs were replaced in 2020, and the parking lots were resurfaced in Feb. '23.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Multi Family
City: Fort Myers
County: Lee
Subdivision: Banyan Tree Of Ft Myers Condo
Sq. Ft. Gross: 6,770
Total Units: 30
Year built: 1985
Annual Tax: $10,752
Condo Fee: $200 Monthly
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances:
- Dryer
- Refrigerator
- Washer
Accessibility Features:
Window Features:
Additional Rooms:
Ceiling Type: Drywall
Flooring: Laminate, Tile
Waterfront Info
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View:
Exterior & Construction
Architectural Style:
Construction: Stucco, Wood Frame
Foundation: Slab
Roof: Shingle
Exterior Features:
Parking Features: Over 30 Spaces
Floors Total: 2
Floors in Unit: Two
Cooling: Central Air, Wall/Window Unit(s)
Heating & Fuel: Central, Wall Units / Window Unit
Electric:
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Sewer: Public Sewer
Water Source: Public
Community Features:
Association Amenities:
Lot Information
Lot Features: Corner Lot
Lot Size (acres): 0.98
Lot Size (sq. ft.): 42,790 square feet
Road Frontage: City Street
Front Exposure: East
- Commercial
- Multi-Family
- Residential
- Vacant
Current Adjacent Use:
Legal Description & Other Information
Parcel Number: 084425P402000.00CE
Zoning: RS7
Pets Allowed/Pet Policies: Yes - See Condo Docs
Tax Legal Desc.: BANYAN TREE OF FT MYERS CONDO DESC OR BK 1722 PG 4113 COMMON ELEMENTS
Listing courtesy of CENTURY 21 SUNBELT REALTY. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.