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Gelfand Realty Miami Properties for Sale - Income/MultiFamily for Sale

713 HIGHTOWER AVENUE S, LEHIGH ACRES, FL 33973

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Income/MultiFamily - for Sale

713 HIGHTOWER AVENUE S, LEHIGH ACRES, FL 33973

Asking Price$6,500,000

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  • Lot size 13068sqft

  • Days on market:

    75 day(s)

  • Original Price:

    $6,500,000

  • Property Type:

    Income/MultiFamily

  • Construction Type:

    Other

  • Special Listing Conditions:

    Sale

Description

$6,500,000

Pleased to present an exclusive portfolio: 11 newly built duplexes in lehigh acres, fl, offered at $6.5m. each duplex spans 3,140 sf on 0.27–0.30 acre lots, configured as two 3br/2ba units. lehigh acres, part of the cape coral–fort myers metro, remains a resilient market despite cooling from the 2021–22 surge. median sale prices are down 5.7% yoy and days on market rose to 84 from 45, yet the metro’s population reached 861k in 2024, driven by strong in-migration. this growth sustains long-term rental demand. rents of $1,950–$2,200 per unit support efficient cash flows. while insurance costs are a challenge, new construction resilience and mitigation programs help. this portfolio provides immediate scale, stable cash flow, and lasting upside in a high-demand submarket.
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