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Multifamily Condo Portfolio
For Sale
$1,599,000

824 Alderman St, Fort Myers, FL 33916

13-unit income-producing condominium portfolio with 11 units occupied on annual leases within a 30-unit complex.

Property Size25,071 SF
Price / SF$63.78
Days on Market222

Property Features for 824 Alderman St

General Information

Standard status Active
Size 25,071 SF
Property subtype Commercial

Additional Details

Multifamily Units 13

Building Details

Year Built 1985
Listing Agency: Coldwell Banker Realty
Listed By: Tyler Macchi · License #SL3515159
Source: Propertiesforsaleinswflorida
Added: Mar 22 Changed: Oct 25 Last Checked: Oct 28 at 8:52AM

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 Coldwell Banker Realty

Rey
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Investment Insights

Based on property information with market context.

Offered as a single-package sale, this 13-unit income-producing condominium portfolio is located within the Banyan Tree of Fort Myers community. The MLS legal description and parcel ID shown reflect one representative unit, Unit 101, while the schedule of all 13 unit numbers and parcel IDs is provided to qualified buyers along with a rent roll and financials. At present, 11 of the 13 units are occupied on annual leases.

The portfolio sits within a larger 30-unit complex with open parking.

Key Highlights

  • 13‑unit income‑producing condominium portfolio sold as a single package
  • 11 of 13 units currently occupied on annual leases with in‑place rental income
  • Portfolio is located within a 30‑unit complex with open parking

Property Analytics

Lease Details

13
Residential units

Location Intelligence

Trade Area within ½ mile

475
Businesses Nearby

Demographics for 33916, FL

25,940
Population
12,480
Households
2.1
Avg Household Size
34
Median Age
21%
College-Educated
81%
High-School Grad
10.3 sq mi
ZIP Area
2,518
Density / Sq Mi
$49,353
Median Household Income
$32,770
Median Earnings
$1,363
Median Rent
$242,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - 13-unit income-producing condominium portfolio with 11 units occupied on annual leases within a 30-unit complex.
Where is this apartment building located?
The property is located at 824 Alderman St Fort Myers, FL.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 13‑unit income‑producing condominium portfolio sold as a single package; 11 of 13 units currently occupied on annual leases with in‑place rental income; Portfolio is located within a 30‑unit complex with open parking
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