890 Unit Fort Meyers Florida $108,000,000* Serious Inquiries
*Addresses, floor plans, tax rolls, pictures, financials including two years of T12 provided with signed NDA
CLASS B+ ASSET
895+ UNIT ASSET ON 38 ACRES
OUTSTANDING AMENITIES
PRE-DUE DILIGENCE WITH PROVIDED FINANCIALS, RENT ROLLS, TAX INFO, FLOOR PLANS, PICTURES, AND T12
MULTIPLE DOG PARKS WITH AGILITY EQUIPMENT, BIKE RACKS, 3 CLOTHES CARE CENTERS, GRILL/BBQ/PICNIC AREAS & BREAKFAST BAR
PLAYGROUND, OPEN CONCEPT LIVING, 4 POOLS, A CLUBHOUSE, CYBER CAFE, STATE OF THE ART FITNESS CENTER & TENNIS COURT
APPROXIMATE SQUARE FOOTAGE: 949 SQ.FT PER UNIT
AVERAGE RENT: $930 PER UNIT
CURRENTLY 92% OCCUPIED
TOTAL RENTABLE SQUARE FOOTAGE 880,000+, OCCUPIED SQUARE FOOTAGE IS 808,000+
ACTUAL CURRENT MONTHLY RENT: $881,742.37
GROSS ANNUAL INCOME: $11,465,003
ANNUAL EXPENSES: $5,360,058.37
NOI: $5,404,090.63
CAP RATE: 5%
*PURCHASE PRICE IS FIRM AT $108,000,000. AT THIS PRICE 3% FEES TO BE PAID BY SELLER. 50/50 Splits.