Skip to main content

Multifamily

The Village at Whiskey Creek

7681 Tamara Lee Ct, Fort Myers, FL 33907

Listing Price: $2,295,000

Cap Rate
5.02%
Number of Units
17
Price/Unit
$135,000
Price/Gross SF
$130.56
Gross SF
17,578

Investment Overview

A fractured condominium offering of 17 out of 72 townhome units

Investment Highlights

  • All units are individually parceled and individually metered for both water/sewer and electric utility usage
  • Favorable unit mix of 100% 1,034 square foot two-bedroom/two-bath units
  • Considerable rental upside available of over $225 per unit on average with minimal capital improvements required
  • Ability to increase current NOI by approximately $53,449 through increasing rents to market rate
  • The Whiskey Creek neighborhood median home price is approximately $284,990
  • Residents are responsible for all utility expenses
  • Washer/dryer connections and private patios in all units
  • Less than a mile from Cleveland Avenue, which sees approximately 49,000 VPD

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Multifamily

The Village at Whiskey Creek

Listing Price: $2,295,000

Cap Rate
5.02%
Number of Units
17
Price/Unit
$135,000
Price/Gross SF
$130.56
Gross SF
17,578

Investment Highlights

  • All units are individually parceled and individually metered for both water/sewer and electric utility usage
  • Favorable unit mix of 100% 1,034 square foot two-bedroom/two-bath units
  • Considerable rental upside available of over $225 per unit on average with minimal capital improvements required
  • Ability to increase current NOI by approximately $53,449 through increasing rents to market rate
  • The Whiskey Creek neighborhood median home price is approximately $284,990
  • Residents are responsible for all utility expenses
  • Washer/dryer connections and private patios in all units
  • Less than a mile from Cleveland Avenue, which sees approximately 49,000 VPD

Investment Overview

A fractured condominium offering of 17 out of 72 townhome units

Exclusively Listed By

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

MM Texture Background
MM Textured Background Lower