Multifamily

Franklin Arms

2310 First St, Fort Myers, FL 33901

Listing Price: $6,325,000

Cap Rate
5.73%
Number of Units
27
Price/Unit
$234,259
Price/Gross SF
$190.05
Gross SF
33,281

Investment Overview

Class “A” Mixed-Use Community in Downtown Fort Myers, Florida Strong “Live, Work, Play” Appeal as it is Within Walking Distance of Numerous Bars, Clubs, Restaurants and Employment Destinations

Investment Highlights

  • High Historical Occupancy on Both Office Space and Apartments
  • Trophy Asset in the Class "A+" Location of Downtown Fort Myers
  • Historic Charm and Character Throughout
  • Masonry Construction on Majority of Building
  • 13 Apartment Units Feature Water Views of the Caloosahatchee River
  • Two Elevators to Cater to Both Office Space and Apartments
  • Numerous Recent Renovations Over the Last Five Years Including Upgraded Kitchens, Bathrooms, Ceramic Tile, and Solid Hardwood Flooring
  • Renovations Conducted in 2020 Include New Windows on Part of the Property and New Roofs on Both Buildings

Exclusively Listed By

Listing Price: $6,325,000

Cap Rate
5.73%
Number of Units
27
Price/Unit
$234,259
Price/Gross SF
$190.05
Gross SF
33,281

Investment Highlights

  • High Historical Occupancy on Both Office Space and Apartments
  • Trophy Asset in the Class "A+" Location of Downtown Fort Myers
  • Historic Charm and Character Throughout
  • Masonry Construction on Majority of Building
  • 13 Apartment Units Feature Water Views of the Caloosahatchee River
  • Two Elevators to Cater to Both Office Space and Apartments
  • Numerous Recent Renovations Over the Last Five Years Including Upgraded Kitchens, Bathrooms, Ceramic Tile, and Solid Hardwood Flooring
  • Renovations Conducted in 2020 Include New Windows on Part of the Property and New Roofs on Both Buildings

Investment Overview

Class “A” Mixed-Use Community in Downtown Fort Myers, Florida Strong “Live, Work, Play” Appeal as it is Within Walking Distance of Numerous Bars, Clubs, Restaurants and Employment Destinations

Exclusively Listed By

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