THIS PROPERTY IS AVAILABLE SEPARATELY OR PART OF A 66-UNIT PORTFOLIO.
Total of 39-units. All units have washer/dryer hookups and central air conditioning. Each unit is individually metered for water. The owner pays for the first $50 per month per unit in water, anything over this amount is paid by tenant. New leases are being completed at $1,095, however, a $50 reduction is given to tenants who pay on the first, hence a $1,045 effective new lease.
Since 2012 renovations have totaled $590,000 including: new roofs; new stucco façade and exterior paint job; resurface and restripe parking lots; HVAC replacements (33 units); concrete dumpster enclosures; new pool fence; renovated laundry room; new mailboxes; new benches/bike racks / grills; interior upgrades carpet to ceramic tile on all turns; landscaping renovations; replaced sewer lines.
The properties are centrally located with access to the major roadways of Tamiami Trail and I-75 which provide shortened travel times to the major employers in the immediate area and the surrounding markets of Estero, Bonita Springs and Fort Myers. The properties are within ten minutes from the major retail and entertainment dynamics located along 5th Avenue and are less than 15 minutes from the Naples beachfront.
