2-Unit Renovated
For Sale
$330,000
11421 Kimble DR 423, Fort Myers, FL 33908
Each residence offers a two-bedroom, one-bathroom layout, with updates completed after Hurricane Ian.
Property Size1,816 SF
Price / SF$181.72
Days on Market528
Property Features for 11421 Kimble DR 423
General Information
Standard status
Active
Size
1,816 SF
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,687
Building Details
Building Size
1,816 SF
Year Built
1973
Buildings
1
Listing Agency:
DomainRealty.com LLC
Listed By:
Daniel Clarkston · License #258027589
(239) 747-5587
Source:
Pelicanvistarealty
Added: May 23, 2025
Changed: Oct 31
Last Checked: Oct 31 at 3:23AM
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 DomainRealty.com LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Fort Myers duplex contains two 2-bedroom, 1-bathroom residences within 1,816 square feet. Built in 1973, the property was renovated after Hurricane Ian.
The property is at 11421 Kimble DR 423, with Walmart, Publix, UPS, restaurants, and the beach identified as nearby destinations.
The property is at 11421 Kimble DR 423, with Walmart, Publix, UPS, restaurants, and the beach identified as nearby destinations.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,816 square feet across the duplex
- Renovated after Hurricane Ian
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,037
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$480,740
$480.7K
Cap Rate 7%
$343,386
$343.4K
Cap Rate 9%
$267,078
$267.1K
Market Conditions
NOI Build-Up for 1,816 SF
Gross rent
$36.0K $19.80/SF
− Vacancy
−$1.6K −$0.89/SF
EGI
$34.3K $18.91/SF
− OpEx
−$10.3K −$5.67/SF
NOI
$24.0K $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%
$480,740
Cap Rate 7%
$343,386
Cap Rate 9%
$267,078
Alternative Uses
Best Use
Multifamily LT 5
$343.4K
$300.5K – $400.6K
NOI $24,037 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$318.2K
$278.4K – $371.3K
NOI $22,275 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$571.6K
$500.1K – $666.8K
NOI $40,010 @ 7.0% cap · market cap 12.12%
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
487
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 - Each residence offers a two-bedroom, one-bathroom layout, with updates completed after Hurricane Ian.
Where is this duplex located?
The property is located at 11421 Kimble DR 423 Fort Myers, FL.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,816 square feet across the duplex; Renovated after Hurricane Ian
