Our team is excited to announce the sale of Stonecrest Apartments, an 8-unit complex located in the heart of Fort Myers. The property was in contract less than 30 days after being on the market. We had multiple back-up offers and sold within 97% of asking price. Our team provided aggressive marketing strategies, targeted marketing email campaigns, research and market analysis, contract negotiations and most importantly, RESULTS. The property sold for $670,000 ($83,750/Unit) at a 6.5% capitalization rate.
Sold for $670,000 ($83,750 per unit)
Offered a value-add component to capture with the opportunity to raise rental rates, add on other sources of income, and invest in tenant improvements
Located across from Lee Memorial Hospital
