Updated Duplex with
For Sale
$369,000
11370 & 11368 Summerwinds Ct Unit 70, Fort Myers, FL 33908
Two residential units offer screened lanais, private garages, interior laundry, and included kitchen appliances.
Property Size2,072 SF
Price / SF$178.09
Days on Market86
Property Features for 11370 & 11368 Summerwinds Ct Unit 70
General Information
Standard status
Active
Size
2,072 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Amenities
screened lanai
in-unit laundry
Building Details
Year Built
1976
Buildings
1
Listing Agency:
Century 21 AllPoints Realty
Listed By:
Toni Zimmer · License #258008828
(239) 540-7925
Source:
Swfloridarealestate
Added: Jul 26
Changed: Oct 4
Last Checked: Oct 7 at 3:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 AllPoints Realty
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Investment Insights
Based on property information with market context.
This 2,072-square-foot duplex contains two residential units, each with two bedrooms, one bathroom, a garage, and a screened lanai. Interior features include vinyl plank flooring, dedicated laundry areas with washers and dryers, and kitchens equipped with refrigerators, stoves, dishwashers, and microwaves. Both garages have automatic door openers and additional storage space.
Built in 1976, the property received a new roof in 2023 and fresh interior and exterior paint. One unit is occupied under an annual lease, while the second is ready for occupancy. The property is located minutes from Fort Myers Beach and within reach of Sanibel, stores, restaurants, schools, and area beaches.
Built in 1976, the property received a new roof in 2023 and fresh interior and exterior paint. One unit is occupied under an annual lease, while the second is ready for occupancy. The property is located minutes from Fort Myers Beach and within reach of Sanibel, stores, restaurants, schools, and area beaches.
Key Highlights
- 2,072 SF duplex with two residential units
- Each unit includes 2 bedrooms, 1 bathroom, a garage, and a screened lanai
- New roof installed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,426
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,520
$548.5K
Cap Rate 7%
$391,800
$391.8K
Cap Rate 9%
$304,733
$304.7K
Market Conditions
NOI Build-Up for 2,072 SF
Gross rent
$41.0K $19.80/SF
− Vacancy
−$1.8K −$0.89/SF
EGI
$39.2K $18.91/SF
− OpEx
−$11.8K −$5.67/SF
NOI
$27.4K $13.24/SF
Area
Lee County, FL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$548,520
Cap Rate 7%
$391,800
Cap Rate 9%
$304,733
Alternative Uses
Best Use
Multifamily LT 5
$391.8K
$342.8K – $457.1K
NOI $27,426 @ 7.0% cap · market cap 7.43%
Second Best
Apartment 5plus
$363.1K
$317.7K – $423.6K
NOI $25,416 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$652.1K
$570.6K – $760.8K
NOI $45,650 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
Explore this area
Business Placement
Demographics for 33908, FL
43,110
Population
32,067
Households
1.3
Avg Household Size
63
Median Age
44%
College-Educated
96%
High-School Grad
34.2 sq mi
ZIP Area
1,261
Density / Sq Mi
$74,711
Median Household Income
$50,063
Median Earnings
$1,829
Median Rent
$346,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer screened lanais, private garages, interior laundry, and included kitchen appliances.
Where is this duplex located?
The property is located at 11370 & 11368 Summerwinds Ct Unit 70 Fort Myers, FL.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 2,072 SF duplex with two residential units; Each unit includes 2 bedrooms, 1 bathroom, a garage, and a screened lanai; New roof installed in 2023
