2237-2251 Euclid AveFort Myers, FL 33901
14-Unit Multifamily Value-Add Opportunity
Overview
- Added:
- Feb 13
- Days on market:
- 49
Highlights
- $2,200,000 asking price for a 14-unit apartment building in Fort Myers, FL.
- Value-add opportunity with a 5.52% cap rate and a pro-forma cap rate of 7.61%.
- 12,237 square feet on a 0.81-acre lot, with a price per square foot of $179.78 and a price per unit of $157,143.
- Current NOI of $121,395, projected to increase to $167,476.
- Five buildings constructed between 1926 and 1982, featuring concrete block construction and new roofs and exterior paint completed in 2024.
- Located in the Altamont Manor neighborhood, within walking distance of the riverfront, parks, amenities, and grocery stores.
Property Details for 2237-2251 Euclid Ave
- Property type
- Apartment buildings
- Square Feet
- 12,237 SF
- Class
- B
- Buildings
- 5
- Lot Size (sq. ft)
- 35,284 SF
- Units
- 14
Location Insight
- City
- Fort Myers
- County
- Lee
- State
- Florida
- Latitude
- 26.6356515
- Longitude
- -81.8763324
Nearby Similar for Sale
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