HILTON HOUSE APARTMENTS
SP Multifamily Group of Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire Hilton House Apartments. This recently upgraded multifamily asset is located in Fort Myers, Florida, and is ideally situated directly outside of Downtown Fort Myers. Additionally, Hilton House offers an investor with the ability to acquire an asset within 5-minutes to Lee Memorial Hospital and the Midtown Redevelopment Area, a highly-anticipated masterplan expected to reshape the entire neighborhood south of Downtown with a mix of uses such as medical office, professional office, retail, and multifamily residential. Hilton House Apartments consists of 32 Units and offers a new buyer the opportunity to increase the current rents by $100+ through a shift in marketing and operational strategies, as well as achieve Year-2 Cash-on-Cash Returns in the 10% range.
Property tours are by appointment only. Please contact one of the listing brokers below to schedule tours.
32
UNITS
18,611
SQFT
1940 | 1982
YEAR(S) BUILT
PRICED AT
MARKET BID
VITAL PROPERTY DATA
Property Addresses: 3079 Cleveland Avenue, Ft. Myers, FL
NUMBER OF UNITS: 32 Units
RENTABLE SQUARE FOOT: 18,611 SF
AVERAGE UNIT SIZE: 582 SF
NUMBER OF BUILDINGS: (12) Residential
LOT SIZE: 1.26 Acres +/-
FINANCING: Free and Clear
DEAL TEAM CONTACTS
Benjamin Skinner
Associate Director | Senior Investment Associate
O. (407) 557-3889
Benjamin.Skinner@marcusmillichap.com
Matthew Prozzillo
Associate Director | Senior Investment Associate
O. (407) 557-3888
Matthew.Prozzillo@marcusmillichap.com
Contact an Agent Listed Above to Schedule Property Tours