Hilton House Apartments

Hilton House Apartments

Price: $ 1,800,000

Total Number of Units: 32

Address: 3079 Cleveland Avenue, Fort Myers, FL, USA

  • Thirty-two unit multifamily asset constructed of concrete block and wood frame
  • Well-positioned asset (1.22 Acres) situated directly on Cleveland Avenue (US-41) – 54,000 AADT
  • Seller has recently renovated the exterior and partially renovated the interiors of the asset
  • Significant value-add opportunity through loss-to-lease recapture and the installation of individual water meters
  • Ability to increase Net Operating Income by approximately $89,000 by end of year one

Lead Agent(s): Benjamin N. Skinner

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Location Highlights

  • Located directly on Cleveland Avenue (US-41) – 54,000 AADT
  • Just blocks south of the highly anticipated Midtown Redevelopment Area
  • Positioned one-minute south of Lee Memorial Hospital (1,050 Jobs)
  • 1.4 miles from the shopping, restaurants, and nightlife of downtown Fort Myers

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