240 W Mariana Avenue, North Fort Myers, FL 33903

Property Description

Rare 3 acre multifamily parcel with 7 including: 1 three bedroom / two bath concrete block home and 6 one bedroom one bathroom concrete block homes. All units have been renovated on the exterior including new or newer roofs and 5 of the 7 units have been completely remodeled inside with high end finishes. 6 of the 7 units are rented annually for a gross of $5,950/mo with exception of the 7th unit used by the manager. Manager's unit does not contribute to gross rent since he is providing manager services. Gross annual rent without manager's unit is $71,400. Rents are moving up upon renewals starting in May and units are in high demand for the area. No COVID delinquencies have been experienced throughout 2020 and proof can be shown in bank statements. This property was under contract previously with a buyer who was attempting to complete a 1031. Their 1031 fell through so they could not close, but they did do the inspections which we can forward to your client. Financials can also be forward upon request.