2716 Michigan Ave
Fort Myers, FL 33916
Whitney Apartments · Multifamily Property For Sale · 6 Units

Own your own piece of history! Beautiful Historical Rental Complex located in Dean Park Historic District. Located just east of Downtown Fort Myers River District that offers dining, shopping, nightlife, and theater. This well maintained complex was built as apartments in 1917 by one of the original Judges of Fort Myers, Judge Frank Whitney! The complex offers 2 buildings with 6 rental units total, 4 very large 1 bed 1bath units, approx 900 sqft with 10 ft ceilings and patio/balcony out front and deck out back. Each unit has over sized tile throughout updated cabinets and solid surface counter tops. There are 2 standard size 1 bed 1 bath units, approx 550 sqft, in the back building each as thick mil wood laminate flooring. There is room in the storage area to create another unit, either a 2 bed 1 bath or 1 bed 1 bath, the plumbing is already there for the kitchen and bath. The annual gross income is approx $60,000 and over $70,000 per year if the additional unit is added. All tenants are on annual leases and there is high demand for these units! The complex has had many updates over the years and most recently the buildings exterior were painted, parking lot resurfaced and restriped, front building stabilized with transferrable lifetime warranty, termite warranty and more. Whether you're looking to add to your portfolio or wanting to expand from single family rentals to multifamily then look no further!