For Sale
$999,000

3411 BroadwayFort Myers, FL 33901

High-yield mobile home park & duplex.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 1.91-acre property in Fort Myers, Florida (Lee County, zip code 33901), presents a lucrative redevelopment opportunity. Currently operating as a nine-unit mobile home park with 100% occupancy, generating a $78,000 annual NOI and a 7.81% cap rate, this investment boasts significant upside potential. A pro-forma analysis projects a $252,000 NOI and a 25.23% cap rate. The property also includes a 1,600 sq ft, two-bedroom, two-bathroom duplex, offering additional rental income or comfortable living space. The land is zoned TFC-2, allowing for the construction of up to seven duplexes or the development of an eco-village retreat (conceptual plans available). Month-to-month leases are in place, and the property is subject to a ground lease. Located just five minutes from downtown Fort Myers, this versatile property offers immediate income and substantial long-term growth potential, making it an ideal investment for developers and savvy investors seeking high returns in a thriving Southwest Florida market. The asking price is $999,000.

Highlights

  • 1.91-acre Fort Myers investment opportunity with a 9-unit mobile home park generating immediate income.
  • Includes a 1,600 sq. ft., 2/2 single-family home offering additional rental potential or owner occupancy.
  • Unrestricted zoning allows for redevelopment up to 7 duplexes or alternative concepts like an eco-village retreat.
  • Strong potential for significant ROI in the rapidly growing Southwest Florida market.

Property Details for 3411 Broadway

Property type
Mobile home & RV parks, Land
Buildings
2
Lot Size (sq. ft)
83,200 SF

Location Insight

City
Fort Myers
County
Lee
State
Florida
Latitude
26.614412430342
Longitude
-81.867313402392
3411 Broadway, Fort Myers, Florida

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3411 Broadway
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