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60 Unit Apartment Complex

4701 Swanson Loop, North Fort Myers FL, 33917

Overview / Comments

***All Offers in by January 22, 2020***
60 unit apartment complex- all units are 1 bedroom/1 bath. 55 units are tile throughout, 5 have carpet in the bedroom and living room. Current rents are BELOW MARKET at $475 per month but new owner does not have to keep then below market after December 1, 2020. Market rent would be in the range of $750 per month. Complex is a 55+ age restricted community. (80% of the units need to be occupied by a resident who is 55 years of age or older) While not a requirement of a sale, price consideration will be given to interested parties who will agree to maintain below market rent. The property is in good repair and is 98% rented. Owner will consider offers that include owner financing.

Additional Details

Building Stories:1
Total Buildings:10
Percent Occupied:95%
Zoning:C-2
Living Status:UNDER_CONTRACT
Property Type:MULTIFAMILY
Building Status:Existing
Last Updated:2020-02-26T09:08:02-0600
Tax ID:024424030000A0190
Year Built:2006
Usage:Investment
Property Sub-Types:Other
Building Size (rentable):36000/sqft