$1,500,000
Description
Seller financing available with 60% down. Open to creative options/terms. Everyone who has been looking for value add multifamily listen up! This is the diamond in the rough you've been searching for with an amazing location right off of college parkway, located right next to multiple colleges, high end dining, shopping, and lifestyle. Easy commute to Cape Coral, Sanibel Island, and Fort Meyers beach. This property will be a cash cow! Ideal for an investor/builder/developer, if you are all 3 you are sure to make a killing on this deal. Property was previously an office building; it currently sits as a blank canvas ready to be put together. It has been re zoned for an 11-unit apartment complex. The proposed plan has (3) one bedroom 1 baths, (4) 2 bedroom and 1 bath, and (4) studio units. Estimated cost of construction to build the project is $750,000. Plans and permits to build out the 11 units are included in the sale and can be shared with prospective buyers. You can make this student housing, Airbnb's, long term rentals or a mix. Renderings are what the property can look like, the buyer can modify it to his/her liking. All income, expenses, unit sizes and construction costs are estimates by the owner and broker. Buyer is responsible to do his/her own due diligence.
Listed by Evan Perrett, .
Property Highlights
- Property Type: Multi Family
- MLS #: TB8323787
Room Information
| Total Baths | 11 |
| Total Beds | 11 |
Property Features
| Construction Materials | Block |
| Cooling | Central Air |
| Exterior Features | Balcony, Courtyard, Lighting |
| Heating | Central |
| Interior Square Footage | 5,633 |
| Lot Size Acres | 0.63 |
| Lot Size Dimension | 213x137 |
| Lot Size Square Feet | 27,443 |
| Patio Features | Front Porch, Wrap Around |
| Roof | Shingle |
| Sewer | Public Sewer |
| Water Source | Public |
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