Building Details

Year Built 1985

Listing Agency: Coldwell Banker Realty b***@cbrealty.com Show Phone

Listed By: Tyler Macchi Show Phone

Source: Cthomeseekers

Added: Apr 28 Changed: Aug 28 Last Checked: Aug 29 at 10:25AM

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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

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

Current Use

Oalco Management Property Management Company Makeup&hair studio Hair Salon Pretty cleaners co.company (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Dental Office Law Firm Real Estate Agency Big Box & Wholesale Store Skin Care Clinic Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

13

Residential units

Location Intelligence

Trade Area within ½ mile

475

Businesses Nearby

Explore this area Business Placement

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

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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 Street 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