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Multifamily

Villas at Venezia

4166 Castilla Circle, Fort Myers, FL 33916

Listing Price: $1,175,000

Cap Rate
5.84%
Number of Units
7
GRM
7.86
Occupancy
96.0%
Price/Unit
$167,857
Price/Gross SF
$167.38
Gross SF
7,020

Investment Overview

Marcus & Millichap, as exclusive listing agent, is proud to present to market 7 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 7 units, with Four (4) 939 square foot 2 Bedroom / 2 Bathroom floor plans, and
Three (3) 1,088 square foot 3 Bedroom / 2 Bathroom floorplans. There is a total of 84 condominium units within the complex which was built in 2006 with concrete block
construction and barrel tile roof throughout. Every unit features 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

Investment Highlights

  • Attractive Unit Mix Consisting of 2- and 3-Bedroom Floorplans With Value Add Opportunity Through Rental Increases
  • Priced Below the Current Market Value of Individual Condominium Units
  • 2006 Concrete Block Construction with Central Air Conditioners Throughout
  • Majority of Units Have Seen Recent Renovations Including Hardwood Flooring, and Granite Countertops
  • Located in the Densely Populated Fort Myers; Lee County Rental Market

Exclusively Listed By

Financing By

Multifamily

Villas at Venezia

Listing Price: $1,175,000

Cap Rate
5.84%
Number of Units
7
GRM
7.86
Occupancy
96.0%
Price/Unit
$167,857
Price/Gross SF
$167.38
Gross SF
7,020

Investment Highlights

  • Attractive Unit Mix Consisting of 2- and 3-Bedroom Floorplans With Value Add Opportunity Through Rental Increases
  • Priced Below the Current Market Value of Individual Condominium Units
  • 2006 Concrete Block Construction with Central Air Conditioners Throughout
  • Majority of Units Have Seen Recent Renovations Including Hardwood Flooring, and Granite Countertops
  • Located in the Densely Populated Fort Myers; Lee County Rental Market

Investment Overview

Marcus & Millichap, as exclusive listing agent, is proud to present to market 7 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 7 units, with Four (4) 939 square foot 2 Bedroom / 2 Bathroom floor plans, and Three (3) 1,088 square foot 3 Bedroom / 2 Bathroom floorplans. There is a total of 84 condominium units within the complex which was built in 2006 with concrete block construction and barrel tile roof throughout. Every unit features 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

Exclusively Listed By

Financing By

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