Seller financing available with 60% down. Open to creative options/terms. Everyone who has been looking for value add multifamily listen up! This is the diamond in the rough you've been searching for with an amazing location right off of college parkway, located right next to multiple colleges, high end dining, shopping, and lifestyle. Easy commute to Cape Coral, Sanibel Island, and Fort Meyers beach. This property will be a cash cow! Ideal for an investor/builder/developer, if you are all 3 you are sure to make a killing on this deal. Property was previously an office building; it currently sits as a blank canvas ready to be put together. It has been re zoned for an 11-unit apartment complex. The proposed plan has (3) one bedroom 1 baths, (4) 2 bedroom and 1 bath, and (4) studio units. Estimated cost of construction to build the project is $750,000. Plans and permits to build out the 11 units are included in the sale and can be shared with prospective buyers. You can make this student housing, Airbnb's, long term rentals or a mix. Renderings are what the property can look like, the buyer can modify it to his/her liking. All income, expenses, unit sizes and construction costs are estimates by the owner and broker. Buyer is responsible to do his/her own due diligence.
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| List Price | $1,500,000 |
| Property Type | Multi-Family |
| Usable Sqft | 5,633 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1984 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 1445243400000.0360 |
| MLS # | TB8323787 |
| Property ID | 303128246 |
| Lot Sqft | 27,443 |
| Zoning | CT |
| Total Units | 11 |
| Date Updated | December 09, 2024 |
| Date Created | November 25, 2024 |
Financials not available online. Please inquire with your agent for more details.
Evan Perrett an agent of CENTURY 21 RE CHAMPIONS. Lic #3526363
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of December 09, 2024 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT