Villas at Venezia | 4166 Castilla Cir
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Villas at Venezia 4166 Castilla Cir
7 Unit Apartment Building $1,665,527 CAD ($237,932 CAD/Unit) 5.84% Cap Rate Fort Myers, FL 33916
Investment Highlights
- Attractive Unit Mix Consisting of 2- and 3-Bedroom Floorplans With Value Add Opportunity Through Rental Increases
- 2006 Concrete Block Construction with Central Air Conditioners Throughout
- Located in the Densely Populated Fort Myers; Lee County Rental Market
- Priced Below the Current Market Value of Individual Condominium Units
- Majority of Units Have Seen Recent Renovations Including Hardwood Flooring, and Granite Countertops
Executive Summary
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
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
Data Room Click Here to Access
Property Facts
| Price | $1,665,527 CAD | Property Type | Multifamily |
| Price Per Unit | $237,932 CAD | Property Subtype | Apartment |
| Sale Type | Investment | Apartment Style | Townhome |
| Cap Rate | 5.84% | Building Size | 7,020 SF |
| Sale Conditions | Bulk/Portfolio Sale | No. Stories | 2 |
| Gross Rent Multiplier | 8.71 | Year Built | 2006 |
| No. Units | 7 |
| Price | $1,665,527 CAD |
| Price Per Unit | $237,932 CAD |
| Sale Type | Investment |
| Cap Rate | 5.84% |
| Sale Conditions | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 8.71 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Size | 7,020 SF |
| No. Stories | 2 |
| Year Built | 2006 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | $2,160 CAD | 939 |
| 3+2 | 3 | $2,434 CAD | 1,088 |
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Bike Score ®
Very Bikeable (73)
Contacts
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Daniel Cunningham -
Dillon Majeski -
Evan Richardson -
River Rhoads -
Cory Sanchez -
Jason Nowik -
Marcus & Millichap
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Villas at Venezia | 4166 Castilla Cir
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