3331 Riverside Dr Fort Myers, FL 33916-1457

This exceptional investment opportunity presents a 31-unit, 52-bed multifamily property situated on 1.54 acres along the Caloosahatchee River in Fort Myers, Florida. The property, built in 1972, consists of seven single-story buildings totaling 151,111 square feet and is currently operating as a behavioral health facility under a triple-net (NNN) lease with Evolve behavioral health. The lease, which expires November 30, 2028, is 100% occupied, ensuring a consistent stream of income. The asking price is $2,720,000, representing a price per square foot of $180 and a price per unit of $87,741.94. The property boasts a 7.50% cap rate and a net operating income (NOI) of $204,000. All expenses, including taxes, insurance, and maintenance, are covered by the tenant. The property features gated access and a shared clubhouse with a commercial kitchen and recreational area. Zoned RM-16, this prime riverfront location offers significant potential for future multifamily development. Rent bumps are included in the lease agreement. This is a truly hands-off investment opportunity with strong potential for future appreciation.