Text EflyerFacebookTwitterLinkedInEmail

PINEHURST 14 UNIT FOR SALE 9.84 % CAP RATE

Great investor opportunity! Pinehurst Apartments is a completely-renovated 14-unit apartment property located in the
heart of central Fort Myers. Built in 1969 with extensive refurbishment in 2011, the property features one two-story
building situated in an area that has a historically strong rental market. All apartments are two bedroom, one bath
units and have tile and carpet flooring. All units have been upgraded with new appliances, cabinets, flooring, air
conditioners and water heaters. Attractively priced, the property offers a compelling investment opportunity with NOI
upside and at a value well below replacement costs.

12 min walk to Wes Nott Park. The property is one block from Fowler Street, a major commercial corridor that
connects downtown Fort Myers to South Fort Myers. Located minutes from downtown Fort Myers, Pinehurst
Apartments are convenient to shopping, schools and public transportation.
  • Well maintained, solid block construction
  • Valued well below replacement costs
  • Attractive yield and cash flow with NOI upside
  • Extensive refurbishment of over $200,000
  • Located in area with strong rental market
MLS: 19179252
Sq Ft: 9,478
Yr Built: 1969
Asking: $588,000
Property Address
2452 Stella Street
Fort Myers, FL
33901
View Map

Agent photo
HECTOR SCHVARTZMAN, P.A.
(786) 399-9812
Contact Agent
Logo
NEW MIAMI INT'L REALTY, LLC
19370 COLLINS AVE 
Suite # CU-6
  SUNNY ISLES, FL 33160
305-974-0180

QR Code


Information deemed reliable but not guaranteed.
Agent and/or buyer to verify all information.


Fair Housing



Real Estate Flyers Provided by Emailflyer.net


1611
Opens