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
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

