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