3 - Condominium Portfolio

Multi-Family for Sale
Catylist Listing ID: 30832548
Property Subtypes: Low-Rise/Garden
Number of Units: 30 Units
Building Size (RSF): 2,031 SF
Gross Building Area: 25,050 SF
Sale Price: $399,000
Unit Price: $13,300 Per Unit
Property Use Type: Investment
Building Name: Banyan Tree Condo
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 3/15/2023

Overview / Comments

Incredible investment opportunity in the heart of Fort Myers, FL. Three condominium units are included in this package; all are two bedrooms with one full bath. All units are currently occupied with annual leases in place. All were remodeled with new appliances, HVAC, flooring, and cabinets. Rents are near market value, generating a very healthy NOI.

***Also available is a separate 10 - Condo Portfolio, creating a 13 Condo Portfolio giving an investor majority ownership.***

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Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Taxing Authority: City/County
Tax ID/APN: 084425P40200000CE
Zoning: RS-7
Percent Occupied: 100%
Highway Access: Off Palm Beach Blvd. (SR-80). Approximately 3 miles to I-75.
Airports: SouthWest Florida International Airport (RSW)
Site Description: Three separate buildings make up Banyan Tree Condo. Our three units are throughout—parking space for 40 vehicles.
Total Number of Buildings: 3
Property Condition: Average
Number of Stories: 2
Year Built: 1985
Year Renovated: 2021
Roof Type: Gable
Construction/Siding: Stucco, Wood Frame
Parking Type: Surface
Total Parking Spaces: 40
Laundry: In Each Unit
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Zoning Description: RS-7
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,942 49,081 105,071
Median Age: 29.88 40.61 42.81
Households: 3,442 18,662 43,768

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