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About This Home
This 0-bedroom, 0-bathroom single family at 3900 Broadway in FORT MYERS, FL is listed for $3,750,000 ($150 per sqft). Built in 1973, the home offers 24,935 sqft of living space on a 2.72 acres lot.
The best passive income property money can buy is being sold for UNDER Appraised value! Over $33,000 a month in gross rent with the ability build an additional 4 stories taller, giving you a solid return on your investment with the potential to add on dozens of more rental units!
Located across from the street from the soon-to-be redeveloped Edison Mall, these 4 concrete block buildings sitting on over 2+acres are 95% leased to great, long term tenants with security deposits and advanced rents, mostly in the medical or professional fields and is a very well kept & well run property!
Property is grandfathered in for a local well to use for irrigation, saving you a bunch of money on your lawn bill! Simple expenses such as water, landscaping, insurance and taxes. Tenants pay their own electric. 24000+ Sq ft of lease-able space, 240 Ft of Broadway frontage, over 100 parking spaces and borders other commercial properties with residential just up the block.
Newer laminate flooring in most units. See Supplements for Offering Packet with full details and appraisal information. Local owner is retiring, this is your opportunity to have a long term investment in a rapidly growing part of Fort Myers.
Key Features
- Built in 1973
- 2.72 acre lot
- 115 parking spaces
Property Details
Monthly Cost Estimate
$20,056/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3900 Broadway
FORT MYERS, FL 33901
Questions & Answers
This 0-bedroom, 0-bathroom single family at 3900 Broadway is listed at $3,750,000 ($150/sqft). The estimated monthly payment is $16,250 based on 20% down at 6.5% interest.
Key features include: Built in 1973, 2.72 acre lot, 115 parking spaces.
This property is listed by Marc Middleton and can be reached at 3057103422 or mmiddleton24@yahoo.com.
