Skip to main content

Multifamily

Villas at Venezia

4110 Castilla Circle, Fort Myers, FL 33916

Listing Price: $2,550,000

Cap Rate
5.20%
Number of Units
13
GRM
7.90
Occupancy
96.0%
Price/Unit
$196,154
Price/Gross SF
$194.64
Gross SF
13,101

Investment Overview

Marcus & Millichap, as exclusive listing agent, is proud to present to market 13 condominiums located within the Villas At Venezia condominium complex located off Winkler Avenue in Fort Myers, which is in Lee County, Florida. The offering consists of 13 units, with seven (7) 939 square foot 2 Bedroom / 2 Bathroom floor plans, and six (6) 1,088 square foot 3 Bedroom / 2 Bathroom floorplans. There is a total of 84 condominium units within the community which was built in 2006 with concrete block construction and barrel tile roofs and central air conditioning.

Villas at Venezia is situated in the densely populated city of Fort Myers, just off Winkler Avenue, east of Cleveland Avenue and a short drive away from major thoroughfare Interstate-75. The community benefits from being minutes away to nearby amenities such as Edison Mall, Publix at Colonial Crossings, Lightning Strikes Bowl and Fort Myers Country Club. The property is also situated near many of the major employers in the Lee County Area including, Lee County School District, Lee Memorial Hospital, and the Lee County Local Government.

This portfolio of condominiums within Villas At Venezia provides an investor a unique opportunity to raise current rents to market rate in an already stabilized and cash flowing property within a well-managed association.

Investment Highlights

  • Located in the Densely Populated Fort Myers; Lee County Rental Market
  • 2006 Concrete Block Construction with Central Air Conditioners Throughout
  • Attractive Unit Mix Consisting of 2- and 3-Bedroom Floorplans With Value Add Opportunity Through Rental Increases
  • Situated Near Major Roads and Highways Including Interstate-75, Colonial Blvd and Cleveland Avenue
  • Property is Centrally Located To Many of the Major Employers in the Lee County Area (Lee County School District, Lee Memorial Hospital, Lee County Local Government)

Exclusively Listed By

Financing By

Multifamily

Villas at Venezia

Listing Price: $2,550,000

Cap Rate
5.20%
Number of Units
13
GRM
7.90
Occupancy
96.0%
Price/Unit
$196,154
Price/Gross SF
$194.64
Gross SF
13,101

Investment Highlights

  • Located in the Densely Populated Fort Myers; Lee County Rental Market
  • 2006 Concrete Block Construction with Central Air Conditioners Throughout
  • Attractive Unit Mix Consisting of 2- and 3-Bedroom Floorplans With Value Add Opportunity Through Rental Increases
  • Situated Near Major Roads and Highways Including Interstate-75, Colonial Blvd and Cleveland Avenue
  • Property is Centrally Located To Many of the Major Employers in the Lee County Area (Lee County School District, Lee Memorial Hospital, Lee County Local Government)

Investment Overview

Marcus & Millichap, as exclusive listing agent, is proud to present to market 13 condominiums located within the Villas At Venezia condominium complex located off Winkler Avenue in Fort Myers, which is in Lee County, Florida. The offering consists of 13 units, with seven (7) 939 square foot 2 Bedroom / 2 Bathroom floor plans, and six (6) 1,088 square foot 3 Bedroom / 2 Bathroom floorplans. There is a total of 84 condominium units within the community which was built in 2006 with concrete block construction and barrel tile roofs and central air conditioning. Villas at Venezia is situated in the densely populated city of Fort Myers, just off Winkler Avenue, east of Cleveland Avenue and a short drive away from major thoroughfare Interstate-75. The community benefits from being minutes away to nearby amenities such as Edison Mall, Publix at Colonial Crossings, Lightning Strikes Bowl and Fort Myers Country Club. The property is also situated near many of the major employers in the Lee County Area including, Lee County School District, Lee Memorial Hospital, and the Lee County Local Government. This portfolio of condominiums within Villas At Venezia provides an investor a unique opportunity to raise current rents to market rate in an already stabilized and cash flowing property within a well-managed association.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower