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Incredible investment opportunity in the heart of Fort Myers, FL. Ten (10) condo units are included in this package; all are two bedrooms with one full bath. All units are currently occupied with annual leases in place. Partial remodel in eight out of ten units. Rents are near market value, generating a very healthy NOI. The current GRM is 10, with a cap rate of 7.8%. The parking lot will be completely redone with new blacktop.

Property Details of 824 Alderman Street

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Listed by Kevin Daly of CENTURY 21 SUNBELT REALTY

Fort Myers, FL Demographics

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Fort Myers, FL Schools

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Based on information submitted to StellarMLS as of February 7, 2023 . All data is obtained from various sources and has not been, and will not be, verified by broker or StellarMLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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