Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale this 95-unit Mobile Home and Single-Family Home Portfolio, located in the Suncoast Estates Submarket of North Fort Myers, Florida. The portfolio consists of 95 rentable units, situated on 83 individual parcels of land, with an additional 12 vacant lots included with the sale. This diverse portfolio encompasses a total of 42.39 acres, which includes 3.57 acres of vacant land, providing potential for further development or expansion. The portfolio consists of 89 mobile homes and 6 single-family homes, with a units featuring 1, 2, 3, and 4-bedroom configurations, totaling over 71,000 square feet of rentable space. All units are located within a few-mile radius of each other, offering operational efficiency and streamlined management. The properties have been locally owned and managed by the same family for over 20 years, demonstrating a track record of strong occupancy and consistent stewardship. This long-term ownership provides a stable foundation for potential investors to implement professional management with a more efficient structure to maximize what are now well below the average rents in the local market. In addition to the residential units, the property includes two warehouse buildings, all situated on a single parcel. This adds significant value for potential future operations or leasing opportunities, providing flexibility for various uses in a growing market. Located in the rapidly developing Suncoast Estates submarket of North Fort Myers, this portfolio benefits from its close proximity to significant growth and infrastructure projects. The nearby Suncoast Commerce Park is undergoing an expansion, attracting a variety of businesses and boosting the local economy. Additionally, the Babcock Ranch development, just a short drive away, is one of the largest sustainable communities in the U.S., with thousands of new homes and a variety of commercial spaces under construction. These developments are expected to drive demand for housing in the region, further increasing the attractiveness of this portfolio. The portfolio is also located within minutes of major roadways, including US-41, which provides easy access to retail, dining, and entertainment options in Downtown Fort Myers, just 10 minutes away. The area is also well-connected to outdoor recreational spaces, such as the Caloosahatchee River, which is only 15 minutes away, with several parks and nature preserves. In terms of employment opportunities, the portfolio is conveniently located near major employers, such as Lee Memorial Health System (10 minutes), Florida Power & Light (15 minutes), and the Lee County School District (10 minutes). With easy access to Interstate 75, the property is well-positioned to attract tenants who work in the greater Fort Myers area, as well as those commuting to neighboring cities. This portfolio presents a unique opportunity for investors seeking stable rental income in an area poised for continued growth. The combination of mobile homes, single-family homes, vacant land, and additional commercial space provides diverse income streams and future development potential. With ongoing developments like Babcock Ranch and the Suncoast Commerce Park, along with increasing demand for affordable housing, this is an excellent opportunity for both immediate cash flow and long-term value growth.