Remodeled Duplex with Metal
For Sale
$469,000
3825/3827 Hollycrest St, Fort Myers, FL 33905
Updated two-unit property includes new systems, appliances, flooring, driveways, and sod.
Property Size1,109 SF
Price / SF$422.90
Days on Market156
Property Features for 3825/3827 Hollycrest St
General Information
Standard status
Active
Size
1,109 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2005
Listing Agency:
RE/MAX Gulf Coast Living
Listed By:
Patty Walker · License #258008061
(239) 340-3904
Source:
Naplesareapropertysearch
Added: May 17
Changed: Oct 1
Last Checked: Oct 19 at 7:25AM
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 RE/MAX Gulf Coast Living
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Investment Insights
Based on property information with market context.
This duplex at 3825/3827 Hollycrest St in Fort Myers was built in 2005 and has been remodeled with practical updates throughout. The property includes three bedrooms, a new metal roof, water treatment systems, fixtures, flooring, appliances, sod, and driveways.
The two-unit layout provides a separate side that can be rented while the other is occupied, supporting both residential use and additional income potential. Its Buckingham location places the property within the Fort Myers market.
The two-unit layout provides a separate side that can be rented while the other is occupied, supporting both residential use and additional income potential. Its Buckingham location places the property within the Fort Myers market.
Key Highlights
- Duplex at 3825/3827 Hollycrest St, Fort Myers, FL 33905
- Built in 2005
- Three‑bedroom configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,679
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,580
$293.6K
Cap Rate 7%
$209,700
$209.7K
Cap Rate 9%
$163,100
$163.1K
Market Conditions
NOI Build-Up for 1,109 SF
Gross rent
$22.0K $19.80/SF
− Vacancy
−$988 −$0.89/SF
EGI
$21.0K $18.91/SF
− OpEx
−$6.3K −$5.67/SF
NOI
$14.7K $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%
$293,580
Cap Rate 7%
$209,700
Cap Rate 9%
$163,100
Alternative Uses
Best Use
Multifamily LT 5
$209.7K
$183.5K – $244.7K
NOI $14,679 @ 7.0% cap · market cap 3.13%
Second Best
Apartment 5plus
$194.3K
$170.0K – $226.7K
NOI $13,603 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$349.0K
$305.4K – $407.2K
NOI $24,433 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Explore this area
Business Placement
Demographics for 33905, FL
37,692
Population
17,337
Households
2.2
Avg Household Size
41
Median Age
22%
College-Educated
79%
High-School Grad
40.2 sq mi
ZIP Area
938
Density / Sq Mi
$70,009
Median Household Income
$36,923
Median Earnings
$1,509
Median Rent
$260,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-unit property includes new systems, appliances, flooring, driveways, and sod.
Where is this duplex located?
The property is located at 3825/3827 Hollycrest St Fort Myers, FL.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Duplex at 3825/3827 Hollycrest St, Fort Myers, FL 33905; Built in 2005; Three‑bedroom configuration
