Lehigh Acres Multifamily
478 Lotus Ave S Lehigh Acres, FL 33974
478 Lotus Ave S, Lehigh Acres, FL, 33974
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For Sale
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Multifamily property in growing Lehigh Acres with flexible financing.
Property Size2,242 SF
Price / SF$218.11
Days on Market159
Property Features for 478 Lotus Ave S
General Information
- Standard status
- Active
- Size
- 2,242 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2025
Listing agency
Canvas Real Estate
Listed by
Joaquin Gutierrez · License #0625118
Source
Crexi
Added: Feb 12 Updated: Jul 10 at 1:08PM Checked: Jul 19 at 9:39AM
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 Canvas Real Estate
Investment Insights
Based on property information with market context.
This multifamily property in Lehigh Acres presents an opportunity for investors or owner-occupants. The property offers flexible financing solutions to qualified buyers, including potential buyer assistance financing, partial financing, or seller-held loans. These options aim to reduce the buyer's initial cash outlay and improve approval chances for various investor programs, such as DSCR or conventional loans. The property size is 2242 square feet.
Key Highlights
- Flexible financing options offered by the seller.
- Excellent investment opportunity.
- Suitable for owner‑occupants.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.4k | $18.00 |
| − Vacancy | −$2.6k | −$1.17 |
| EGI | $37.7k | $16.83 |
| − OpEx | −$17.0k | −$7.57 |
| NOI | $20.8k | $9.26 |
2,242 SF · lease $18.00/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$296.5K
$259.4K – $345.9K
NOI $20,753 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$863.1K
$755.2K – $1.01M
NOI $60,417 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Multifamily property in growing Lehigh Acres with flexible financing.
Where is this multifamily property located?
The property is located at 478 Lotus Ave S Lehigh Acres, FL.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: Flexible financing options offered by the seller.; Excellent investment opportunity.; Suitable for owner‑occupants.
