Multifamily

Hilton House Apartments

3079 Cleveland Ave, Fort Myers, FL 33901

Listing Price: $3,550,000

Cap Rate
5.79%
Number of Units
32
Price/Unit
$110,938
Price/Gross SF
$192.61
Gross SF
18,431

Investment Overview

A 32-Unit Apartment Community Located in Fort Myers, Florida

Investment Highlights

  • Prime Location Directly on US-41 in Close Proximity to the Area's Major Retail Corridors
  • Strong Exterior Renovations Including Paint, Landscaping and Re-Roofs of All Buildings in 2013
  • A Mix of Concrete Block Construction and Wood Frame with an On-Site Laundry Facility and Ample Parking
  • Diverse Unit Mix Consisting of Efficiencies, Studios, One- and Two-Bedroom Units
  • The Asset has Seen Substantial Interior Renovations Over the Past Year Including Vinyl Plank Flooring, Hard Surface Countertops, New Appliances and Cabinetry in the Vast Majority of Units
  • Opportunity to Add Value Through the Increased Renovation of the Unit Interiors, Including Technology Packages as well as the Continued Removal of the Current Loss-to-Lease
  • Individually Metered for Water/Sewer Utilities

Exclusively Listed By

Listing Price: $3,550,000

Cap Rate
5.79%
Number of Units
32
Price/Unit
$110,938
Price/Gross SF
$192.61
Gross SF
18,431

Investment Highlights

  • Prime Location Directly on US-41 in Close Proximity to the Area's Major Retail Corridors
  • Strong Exterior Renovations Including Paint, Landscaping and Re-Roofs of All Buildings in 2013
  • A Mix of Concrete Block Construction and Wood Frame with an On-Site Laundry Facility and Ample Parking
  • Diverse Unit Mix Consisting of Efficiencies, Studios, One- and Two-Bedroom Units
  • The Asset has Seen Substantial Interior Renovations Over the Past Year Including Vinyl Plank Flooring, Hard Surface Countertops, New Appliances and Cabinetry in the Vast Majority of Units
  • Opportunity to Add Value Through the Increased Renovation of the Unit Interiors, Including Technology Packages as well as the Continued Removal of the Current Loss-to-Lease
  • Individually Metered for Water/Sewer Utilities

Investment Overview

A 32-Unit Apartment Community Located in Fort Myers, Florida

Exclusively Listed By

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