621 Joel Blv Lehigh Acres, FL 33936
This exceptional investment opportunity presents a four-unit apartment building located at 621 Joel Blvd, Lehigh Acres, FL 33936. Built in 2007, this single-story property is priced at $1,095,000 and offers significant potential for various uses, including an Assisted Living Facility (ALF). The building comprises four completely remodeled units; two are three-bedroom, two-bathroom units, and the other two are two-bedroom, two-bathroom units. Each unit boasts its own individual water and electricity meters, ensuring efficient utility management and cost allocation. A highly efficient fire sprinkler system is installed throughout the building, prioritizing safety and compliance. Adding to the convenience and appeal of each unit is a dedicated individual storage space. The property's location in Lee County, Florida, provides access to a growing market and presents a compelling investment prospect for discerning buyers. The property's strong features and potential for diverse uses make it an attractive option for investors seeking a stable and potentially high-return investment in the Florida real estate market. This is a turnkey opportunity ready for immediate income generation or further development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.