Stella Apartments

Stella Apartments

Price: $ 1,030,000

Total Number of Units: 14

Address: 2452 Stella Street, Fort Myers, FL 33901, United States

  • Optimal Unit Mix Consisting of 100% Two-Bedroom Floorplans
  • Heavily Renovated Interiors With a New Roof In 2017
  • Current Average Effective Rents are 17% Below Immediately Achievable Pro Forma Rents
  • Opportunity to Realize a 10.05% Cap Rate in Year One of Ownership
  • Ability to Recapture 103.24% of Initial Equity (Down Payment) Within Four Years

Lead Agent(s):

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Location Highlights

  • Superior Walkability to Lee Memorial Hospital (1,400+ Jobs)
  • Located at the Heart of the Nation’s 3rd Fastest Growing Employment Market (2012-2016)
  • Just a Four Minute Drive to Edison Mall (160+ Stores)
  • Over 200 Restaurants and Bars Within a Three-Mile Radius

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