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Multifamily

Estero Boulevard Apartments

2619 Estero Blvd, Fort Myers Beach, FL 33931

Listing Price: $2,100,000

Cap Rate
3.72%
Number of Units
5
Price/Unit
$420,000
Price/Gross SF
$685.83
Gross SF
3,062

Investment Overview

Ability to achieve 9.90% pro-forma cap rate in year one

Investment Highlights

  • 5-unit multifamily community in Fort Myers Beach
  • Pricing and pro-forma is based on converting community to short-term rentals
  • Ability to achieve 9.90% pro-forma cap rate in year one
  • Steps away from Estero Beach Public Access
  • 0.9 miles to +$100 Million, 254 room, Margaritaville Resort development, scheduled to open early 2023, and creating over 200 permanent full-time jobs
  • Sub-market demonstrates above 80% occupancy on a year-over-year basis, for short term rental properties

Exclusively Listed By

Financing By

Multifamily

Estero Boulevard Apartments

Listing Price: $2,100,000

Cap Rate
3.72%
Number of Units
5
Price/Unit
$420,000
Price/Gross SF
$685.83
Gross SF
3,062

Investment Highlights

  • 5-unit multifamily community in Fort Myers Beach
  • Pricing and pro-forma is based on converting community to short-term rentals
  • Ability to achieve 9.90% pro-forma cap rate in year one
  • Steps away from Estero Beach Public Access
  • 0.9 miles to +$100 Million, 254 room, Margaritaville Resort development, scheduled to open early 2023, and creating over 200 permanent full-time jobs
  • Sub-market demonstrates above 80% occupancy on a year-over-year basis, for short term rental properties

Investment Overview

Ability to achieve 9.90% pro-forma cap rate in year one

Exclusively Listed By

Financing By

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