4166 Castilla Cir - Apartments FOR SALE


Fort Myers, FL 33916
$1,175,000 USD
954-245-3584
4166 Castilla Cir, Fort Myers, FL for Sale
$1,175,000 USD
Apartments - FOR SALE
1/16
null | 5.84% Cap Rate

4166 Castilla Cir
Fort Myers, FL 33916


HIGHLIGHTS

  • Attractive Unit Mix Consisting of 2- and 3-Bedroom Floorplans With Value Add Opportunity Through Rental Increases
  • Priced Below the Current Market Value of Individual Condominium Units
  • 2006 Concrete Block Construction with Central Air Conditioners Throughout
  • Majority of Units Have Seen Recent Renovations Including Hardwood Flooring, and Granite Countertops
  • Located in the Densely Populated Fort Myers; Lee County Rental Market

OVERVIEW

Marcus & Millichap, as exclusive listing agent, is proud to present to market 7 condominiums located within the Villas At Venezia condominium complex located off Winkler Avenue in Fort Myers, which is in Lee County, Florida. The offering consists of 7 units, with Four (4) 939 square foot 2 Bedroom / 2 Bathroom floor plans, and Three (3) 1,088 square foot 3 Bedroom / 2 Bathroom floorplans. There is a total of 84 condominium units within the complex which was built in 2006 with concrete block construction and barrel tile roof throughout. Every unit features central air conditioning, with Washer/Dryer Hook-ups. Villas at Venezia is situated in the densely populated city of Fort Myers, just off Winkler Avenue, east of Cleveland Avenue and a short drive away from major thoroughfare Interstate-75. The community benefits from being minutes away to nearby amenities such as Edison Mall, Publix at Colonial Crossings, Lightning Strikes Bowl and Fort Myers Country Club. The property is also situated near many of the major employers in the Lee County Area including, Lee County School District, Lee Memorial Hospital, and the Lee County Local Government. This portfolio of condominiums within Villas At Venezia provides an investor a unique opportunity to raise current rents to market rate in an already stabilized and cash

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$167 USD /SF

# OF UNITS

7

PRICE/UNIT

$167,857

CAP RATE

5.84%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Villas at Venezia

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2006

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Daniel CunninghamMarcus & MillichapMore Info
954-245-3584

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Daniel CunninghamMarcus & MillichapMore Info
954-245-3584

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.