Listed by Realty Experts
$3,799,900
23-Unit Apartment Portfolio Fort Myers, Florida
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 15,404
Net Rentable (SqFt) 15,404
Units 23
Cap Rate 5.31%
NOI $201,649
Occupancy 75%
Pro-Forma Cap Rate 7.39%
Pro-Forma NOI $280,849
Price per SqFt $247
Broker Co-Op Yes
Buildings 3
Stories 2
Parking Spaces 1 per unit
Investment Type Value Add
Occupancy Date 12/22/2025
Ground Lease No
Centrally Located Multifamily Portfolio With Immediate Cash Flow and Rent Roll Upside
Marketing description
This offering represents an opportunity to acquire a well-positioned multifamily portfolio in the heart of Fort Myers. The properties benefit from proximity to Downtown Fort Myers, employment corridors, transit routes, and neighborhood retail, supporting consistent rental demand.
The portfolio combines stable cash flow with identifiable value-add potential, making it well suited for investors seeking a core-plus or value-add multifamily investment in Southwest Florida.
Investment highlights
- 23 total apartment units across two centrally located Fort Myers properties
- Strong in-place occupancy with immediate upside from remaining lease-up
- Six units currently in final lease-up phase, providing near-term NOI growth
- Updated interiors and durable finishes reduce near-term capital exposure
- On-site parking and efficient site layouts
- Located within Fort Myers’ established 33901 rental submarket
Upside Potential
- Completion of lease-up on remaining units
- Rent optimization to current market levels
- Operational efficiencies through professional management
Listing Contacts
Listed by Realty Experts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$201,649.00
$16,804.08/mo
Valuation Metrics
0
DSCR
5.31%
Cap Rate
5.31%
ROI
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