Cedarbend Townhouse with Private
5243 Cedarbend Drive 2 Fort Myers, FL 33919
For Sale
$180,000
Two-bedroom townhouse with stainless steel appliances and community pool.
Property Size1,236 SF
Lot Size0.03 Acres
Price / SF$145.63
Days on Market593
Property Features for 5243 Cedarbend Drive 2
General Information
- Standard status
- Active
- Size
- 1,236 SF
- Lot size
- 0.03 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1983
Listing Agency:
Berkshire Hathaway Florida
(239) 470-2973
Listed By:
Todd Swaney · License #258021498
(239) 470-2973
Source:
Exitrealty
Added: Dec 8, 2024
Changed: Jul 10
Last Checked: Jul 23 at 8:17AM
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 Berkshire Hathaway Florida
Investment Insights
Based on property information with market context.
Located in The Village of Cedarbend, this townhouse features two bedrooms and two bathrooms. The property includes a private courtyard, a large living room, and a kitchen equipped with stainless steel appliances. Residents have access to the community pool. The property offers 1236 square feet of living space.
Key Highlights
- Convenient Location within The Village of Cedarbend
- 2 Bedroom, 2 Bathroom Townhouse
- Enjoy the Private Courtyard
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 | $28.8k | $23.28 |
| − Vacancy | −$1.2k | −$0.98 |
| EGI | $27.6k | $22.30 |
| − OpEx | −$12.4k | −$10.04 |
| NOI | $15.2k | $12.27 |
1,236 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$216.6K
$189.5K – $252.7K
NOI $15,161 @ 7.0% cap · market cap 8.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$389.0K
$340.4K – $453.9K
NOI $27,232 @ 7.0% cap · market cap 15.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Two-bedroom townhouse with stainless steel appliances and community pool.
Where is this residential income property located?
The property is located at 5243 Cedarbend Drive 2 Fort Myers, FL.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Convenient Location within The Village of Cedarbend; 2 Bedroom, 2 Bathroom Townhouse; Enjoy the Private Courtyard
