Fixer Upper
Address
824 Alderman STREET, FORT MYERS, FL
Price
$ 1,200,000
Property Attributes
  • MLS#C7469135
  • TypeCommercial
  • CountyLEE
  • CityFORT MYERS
  • AreaFort Myers
  • NeighborhoodBanyan Tree Of Ft Myers Condo
  • Zip33916
  • StyleMulti Family
  • Year Built1985
  • Taxes$ 12387
  • Price$ 1,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6770
  • Lot Size0.98 Acres
Data Source:
Stellar MLS
Property Description

Incredible investment opportunity in the heart of Fort Myers, FL. Ten (10) condo units are included in this package; all are two bedrooms with one full bath. All units are currently occupied with annual leases in place. Partial remodel in eight out of ten units. Rents are near market value, generating a very healthy NOI. Roofs were replaced in 2020, and the parking lots were resurfaced in Feb. '23.

Price History
2/24/2024 Listed $1,200,000

General Features

Sewer Public Sewer
Heating Central,Wall Units / Window Unit
Cooling Central Air,Wall/Window Unit(s)
Roof Shingle
Appliances Dryer,Refrigerator,Washer
Zoning RS7
Construction Materials Stucco,Wood Frame
Pets Allowed Yes - See Condo Docs
Year Built 1985
Levels Two
Property SubType Multi Family
Tax Year 2023
Percent Ownership Condominium
County Lee
New Construction No
Property Type Commercial Sale
HOA / Comm Assn Yes
Subdivision Name BANYAN TREE OF FT MYERS CONDO
Facing Direction East
Building Features Dumpsters
Status Active
Directions Palm Beach Blvd. NE to East on Woodside Ave. Property on SW corner of Woodside & Alderman.
City FORT MYERS
Buyer Agent Compensation 3%
Total Units 30
MLS Area 33916 - Fort Myers
Lot Size Square Feet 42790
Waterfront Y/N No
Street Name Alderman
Tax Annual Amount 12387.59
Property Condition Fixer
Public Remarks Incredible investment opportunity in the heart of Fort Myers,FL. Ten (10) condo units are included in this package; all are two bedrooms with one full bath. All units are currently occupied with annu
Virtual Tour https://www.propertypanorama.com/instaview/stellar/C7469135
Days on Market 485
Standard Status Active
Tax Lot 101
Legal Description BANYAN TREE OF FT MYERS CONDO DESC OR BK 1722 PG 4113 COMMON ELEMENTS
Water Access Y/N No
Monthly Condo Fee Amount 200
Water View Y/N No

Interior Features

Flooring Laminate,Tile
Total Stories 2
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix STREET
Living Area Units Square Feet

Exterior Features

Parking Features Over 30 Spaces
Lot Features Corner Lot
Water Source Public
Lot Size Area 42790
Foundation Details Slab
Number of Buildings 3
Building Area Total 6770
Lot Size Acres 0.98
Road Surface Type Asphalt,Paved
Lot Size Units Square Feet
Road Frontage Type City Street

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 33916

Price
AVG $1.81M
$1.2M
Taxes
AVG $10,433
$12,387
Visits
AVG 289
654
Data Provided by Inside Real Estate®
Year Built
AVG 1986
1985
Walkscore
AVG 51
55
Data Provided by Walkscore® not using MLS data

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