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TAMIAMI NORTH FORT MYERS, FL 33903
- Multi-family (5 or more units) / Owner Financing
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Register to view full property details including contact info, and pricing. View Details!
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Register to view full property details including contact info, and pricing. View Details!
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Register to view full property details including contact info, and pricing. View Details!
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Register to view full property details including contact info, and pricing. View Details!
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Register to view full property details including contact info, and pricing. View Details!
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Register to view full property details including contact info, and pricing. View Details!
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Register to view full property details including contact info, and pricing. View Details!
Property Details for TAMIAMI St, NORTH FORT MYERS, FL 33903
Features
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- Heating : View Details
- Exterior Walls : View Details
Facts
- Year Built : View Details
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- MLS Number : View Details
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- Property Type : View Details
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- Zoning : View Details
Sale Type
This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.
Description
Just minutes from Downtown Fort Myers, this multifamily gem in North Fort Myers presents a rare investment opportunity for investors. Encompassing two parcels, the expansive property includes a diverse portfolio of 17 units, including a five-plex, a four-bedroom caretaker unit with an attached apartment, a duplex, and five charming cottages. Renovated in 2018, these residences have undergone a comprehensive transformation, featuring new roofs, electrical systems, plumbing, septic systems, impact doors, windows, and stylish interior remodels. nnProperty is being sold as a portfolio with 15-17 Cypress St PID: 11-44-24-01-00200.0020nnThe property is now yielding a cap rate of 10.2%. Tenants are responsible for electricity, and a single water meter efficiently serves both parcels. Recent septic system installed - saving you peace of mind that all renovations have been made. Adding to the property's appeal, an on-site caretaker oversees day-to-day management. The property is also Section 8 approved!nnThe surrounding area's economic vitality further enriches the investment landscape, with an average household income of $66,472 annually within a 5-mile radius. A projected annual population growth of 3.44% from 2023 to 2028 underscores the area's allure for residents and investors.nnNorth Fort Myers, situated on the picturesque Caloosahatchee River, offers a vibrant setting just 12 miles upriver from the Gulf of Mexico. Whether catering to full-time residents, part-timers, or vacationers, the city's unique waterfront ambiance and amenities make it an enticing destination. The broader Southwest Florida region surrounding Fort Myers also boasts natural beauty and diverse opportunities for outdoor activities, creating a compelling narrative for this multifamily offering. Jump at the chance to acquire a desirable multifamily investment in Southwest Florida's coastal landscape.nnSELLER FINANCING OFFERED: $1,850,000, $450,000 DOWN, 6% INTEREST ONLY, 5 YEAR BALLOON AMORTIZED OVER 30 YEARS.
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Property Brokerage:
EXP Realty, LLC
4427 SE 16th Place, Unit 4
Cape Coral
FL
33904
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All information provided is deemed reliable, but is not guaranteed and should be independently verified.