6258 PRESIDENTIAL COURT

Fort Myers, FL 33919
$1,500,000
5633 sqft | 11 beds | 0.63 acres | #TB8323787

Description

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.
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  • Interior Details
    • Interior Features
      • Interior:Ninguno
    • Beds & Baths
      • Bedrooms:11
  • Property Details
    • Property
      • Lot description:Oversized Lot, Sidewalk
      • Exterior materials:Balcony, Courtyard, Fence, Irrigation System, Lighting
    • Measurements
      • Acres:0.63
      • Square Feet:5633
  • Construction Details
    • Type & Style
      • Property type:Multi-Family
    • Condition
      • Year built:1984
    • Material information
      • Foundation:Slab
  • Utilities / Energy Details
    • Utility
      • Sewer information:Public Sewer
      • Utility source:Public
      • Utility features:Electricity Available, Sewer Available, Water Available
  • Community and Neighborhood Details
    • Community
      • Subdivision:EXECUTIVE PARK PH 02
    • Location
      • County:Lee
  • Financial Details
    • Pricing Details
      • Original List Price:$1, 500, 000
      • Days on Market (Cumulative):2
      • Taxes annual:$6, 827
  • Other
    • Source
      • MLS #:TB8323787

Location

Del Amo RealtyReal Estate Group
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years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
$
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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