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Multifamily

Stella Apartments

2452 Stella St, Fort Myers, FL 33901

Listing Price: $1,425,000

Cap Rate
6.00%
Number of Units
14
Price/Unit
$101,786
Price/Gross SF
$150.79
Gross SF
9,450

Investment Overview

A 14-unit apartment community located in Fort Myers, Florida

Investment Highlights

  • Desirable unit mix consisting of all two-bedroom units
  • The property has received extensive renovations over the past year including exterior paint, new cabinets, appliances and AC units
  • Property received a new roof in 2017
  • In-place 6% cap rate
  • Ability to increase current NOI by approximately $29,906 through renovations
  • Four minutes to Lee Memorial Hospital
  • Conveniently located directly off of Fowler Street which sees 19,000 vehicles per day
  • Fort Myers is currently growing at a rate of 5.3% (increased by 55.46% since the 2010 census)

Exclusively Listed By

Listing Price: $1,425,000

Cap Rate
6.00%
Number of Units
14
Price/Unit
$101,786
Price/Gross SF
$150.79
Gross SF
9,450

Investment Highlights

  • Desirable unit mix consisting of all two-bedroom units
  • The property has received extensive renovations over the past year including exterior paint, new cabinets, appliances and AC units
  • Property received a new roof in 2017
  • In-place 6% cap rate
  • Ability to increase current NOI by approximately $29,906 through renovations
  • Four minutes to Lee Memorial Hospital
  • Conveniently located directly off of Fowler Street which sees 19,000 vehicles per day
  • Fort Myers is currently growing at a rate of 5.3% (increased by 55.46% since the 2010 census)

Investment Overview

A 14-unit apartment community located in Fort Myers, Florida

Exclusively Listed By

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