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Just reduced $5,000.00 CAP RATE 8%.....Great opportunity to acquire an Apartment complex in 33905. Located in eastern Fort Myers area less than a block from Palm Beach Blvd and close to I-75. Fully rented with mostly long term tenants, 2 bedroom 1 bath units along with 1 bedroom 1 bath units, a total of 6. Some renovations have been completed, the renovations include tile throughout, new kitchen cabinetry. Units are an excellent find.
Location Desc.Palm Beach Blvd to Fort Myers Shores, left on tropic, left on First St, to address on the left corner.
Highlights: Income producing apartment bldg., fully occupied, two units are 2/1 and the other 4 are 1/1. Some upgrades such as tile throughout in two units, updated kitchens, all include separate laundry room and all appliances.
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Additional Information:
Building Description: Low Rise
Building Design: Low Rise (1-3 Floors)
MLS Area: Fe07 - East Fort Myers Area
Foreclosure: No
Short Sale: N
Date Listed: 2015-09-03 15:44:18
Pool: No
Private Spa: No
Map of 13401 1St St, Fort Myers, FL 33905
Listing Courtesy Of: Barclays Real Estate Group 1
(239) 201-2607