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Multi Family 11 bedrooms - EXECUTIVE PARK PH 02 for Sale

6258 PRESIDENTIAL, FORT MYERS, FL 33919

Asking Price$1,500,000

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  • Days on market:

    14 day(s)
  • Original Price:

    $1,500,000
  • Price per sqft:

    $266.29
  • Tax Legal Description:

    EXECUTIVE PARK PHASE II PB 34 PG 26 LOT 36
  • Tax Year:

    2023
  • Property Type:

    Multi Family
  • Parking:

    Open
  • Construction Type:

    Block
  • Roof:

    Shingle
  • Cooling Description:

    Central Air
  • Heating Description:

    Central
  • Interior Features:

    Ninguno
  • Exterior Features:

    CourtyardLightingBalconyIrrigation System Fenced
  • Special Listing Conditions:

    None
  • Lot Features:

    Oversized Lot Sidewalk

Description

$1,500,000 • bedroom(s) • living size area 5633 sqft

Seller financing available with 60% down. open to creative options/terms. everyone who has been looking for value add multifamily listen up! this is the diamond in the rough you've been searching for with an amazing location right off of college parkway, located right next to multiple colleges, high end dining, shopping, and lifestyle. easy commute to cape coral, sanibel island, and fort meyers beach. this property will be a cash cow! ideal for an investor/builder/developer, if you are all 3 you are sure to make a killing on this deal. property was previously an office building; it currently sits as a blank canvas ready to be put together. it has been re zoned for an 11-unit apartment complex. the proposed plan has (3) one bedroom 1 baths, (4) 2 bedroom and 1 bath, and (4) studio units. estimated cost of construction to build the project is $750,000. plans and permits to build out the 11 units are included in the sale and can be shared with prospective buyers. you can make this student housing, airbnb's, long term rentals or a mix. renderings are what the property can look like, the buyer can modify it to his/her liking. all income, expenses, unit sizes and construction costs are estimates by the owner and broker. buyer is responsible to do his/her own due diligence.

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