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Cactus Flower Apartments 1761 Fowler St 10 Unité Immeuble d’appartements 2 102 212 $ CAD (210 221 $ CAD/Unité) 5,70% Taux de capitalisation Fort Myers, FL 33901
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Centrally Located In Downtown Fort Myers
- Development Potential Through Constructing an Additional Sister Building on its Oversized 0.61 Acre Lot
- Below-Market Rents with Immediate Upside Through Hands On Property Management
- 1972 Concrete Block Construction With All Spacious 2 Bed / 1 Bath Floorplans
RÉSUMÉ DE L'ANNONCE
Marcus & Millichap, as exclusive listing agent, is pleased to present Cactus Flower Apartments (the “Property”), a 10-unit multifamily investment opportunity ideally located in the vibrant core of Downtown Fort Myers, Florida.
Located at 1761 Fowler Street, Cactus Flower Apartments was constructed in 1972 using durable concrete block construction. The two-story building sits on a 0.61-acre lot and offers approximately 7,056 square feet of rentable living space. The Property features ten (10) two-bedroom / one-bathroom apartments, catering to strong demand from the local renter demographic. The Property is situated on three total lots, totaling approximately 25,571 square feet, which presents significant development potential. Based on the current zoning and lot configuration, there is an opportunity to construct an additional sister building, enhancing the long-term value and utility of the site.
Situated just off US-41 (S Cleveland Avenue), the Property enjoys excellent visibility and accessibility along Fowler Street, one of the primary corridors into Downtown Fort Myers. Residents benefit from walkable proximity to the Fort Myers River District, Edison & Ford Winter Estates, IMAG History & Science Center, and a broad selection of restaurants, retail, and entertainment venues. This dynamic urban location continues to attract both residents and investors as revitalization efforts further enhance the downtown area. The Property is also strategically positioned near major employment centers, including Lee Health, Lee County Government Offices, and the Lee County School District, contributing to strong tenant demand and long-term occupancy stability. Ongoing downtown redevelopment and infrastructure investment further strengthen the Property’s outlook for appreciation and income growth.
Cactus Flower Apartments presents a compelling value-add opportunity. Current rents are well below market, providing new ownership the ability to significantly improve income through hands on property management, operational efficiencies, and cosmetic interior upgrades. The market is characterized by limited competition for similar vintage product in this desirable location, creating a clear path for rental growth.
This offering represents an outstanding opportunity to acquire a well-located asset with current cash flow and future development upside in one of Southwest Florida’s most dynamic and evolving submarkets.
Located at 1761 Fowler Street, Cactus Flower Apartments was constructed in 1972 using durable concrete block construction. The two-story building sits on a 0.61-acre lot and offers approximately 7,056 square feet of rentable living space. The Property features ten (10) two-bedroom / one-bathroom apartments, catering to strong demand from the local renter demographic. The Property is situated on three total lots, totaling approximately 25,571 square feet, which presents significant development potential. Based on the current zoning and lot configuration, there is an opportunity to construct an additional sister building, enhancing the long-term value and utility of the site.
Situated just off US-41 (S Cleveland Avenue), the Property enjoys excellent visibility and accessibility along Fowler Street, one of the primary corridors into Downtown Fort Myers. Residents benefit from walkable proximity to the Fort Myers River District, Edison & Ford Winter Estates, IMAG History & Science Center, and a broad selection of restaurants, retail, and entertainment venues. This dynamic urban location continues to attract both residents and investors as revitalization efforts further enhance the downtown area. The Property is also strategically positioned near major employment centers, including Lee Health, Lee County Government Offices, and the Lee County School District, contributing to strong tenant demand and long-term occupancy stability. Ongoing downtown redevelopment and infrastructure investment further strengthen the Property’s outlook for appreciation and income growth.
Cactus Flower Apartments presents a compelling value-add opportunity. Current rents are well below market, providing new ownership the ability to significantly improve income through hands on property management, operational efficiencies, and cosmetic interior upgrades. The market is characterized by limited competition for similar vintage product in this desirable location, creating a clear path for rental growth.
This offering represents an outstanding opportunity to acquire a well-located asset with current cash flow and future development upside in one of Southwest Florida’s most dynamic and evolving submarkets.
SALLE DE DONNÉES Cliquez ici pour accéder à
- Offering Memorandum
FAITS SUR LA PROPRIÉTÉ
| Prix | 2 102 212 $ CAD | Style d’appartement | De faible hauteur |
| Prix par unité | 210 221 $ CAD | Classe d’immeuble | C |
| Type de vente | Investissement | Taille du lot | 0,62 AC |
| Taux de capitalisation | 5,70% | Taille du bâtiment | 7 056 pi² |
| Multiplicateur du loyer brut | 10.4 | Occupation moyenne | 100% |
| Nombre d’unités | 10 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction | 1972 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,98/1 000 pi² |
| Prix | 2 102 212 $ CAD |
| Prix par unité | 210 221 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 5,70% |
| Multiplicateur du loyer brut | 10.4 |
| Nombre d’unités | 10 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,62 AC |
| Taille du bâtiment | 7 056 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction | 1972 |
| Ratio de stationnement | 1,98/1 000 pi² |
COMMODITÉS
COMMODITÉS DES UNITÉS
- Climatisation
- Lave-vaisselle
- Traitement des déchets
- Laveuse/Sécheuse
- Chauffage
- Cuisine
- Réfrigérateur
- Four
- Électroménagers en acier inoxydable
- Bain/Douche
- Congélateur
COMMODITÉS DU SITE
- Accès 24 heures
- Gestionnaire d'immeuble sur place
- CVCA contrôlé par le locataire
- Pistes cyclables/Piétonnières
- Sans ascenseur
- Détecteur de fumée
UNITÉ RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE D’UNITÉS | LOYER MOYEN/MOIS | pi² |
|---|---|---|---|
| 2+1 | 10 | - | 706 |
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Impôts fonciers
| Numéro de lot | 13-44-24-P3-02300.0080 | Évaluation des bâtiments | 1 207 991 $ CAD |
| Évaluation du terrain | 403 776 $ CAD | Évaluation totale | 1 664 513 $ CAD |
Impôts fonciers
Numéro de lot
13-44-24-P3-02300.0080
Évaluation du terrain
403 776 $ CAD
Évaluation des bâtiments
1 207 991 $ CAD
Évaluation totale
1 664 513 $ CAD
CONTACTS
-
Daniel Cunningham -
Dillon Majeski -
Evan Richardson -
River Rhoads -
Cory Sanchez -
Jason Nowik -
Marcus & Millichap
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Cactus Flower Apartments | 1761 Fowler St
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