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Property Type
Commercial Sale

12360 Sqft
Area Size

1973
Year Built

Closed

2055 Braman Ave, Fort Myers, Florida 33901

$1,750,000

Description

The commercial apartment building located at 2055 Braman Ave in Fort Myers, Florida is a well-sized multi-family property offering plenty of investment potential. Built in 1973, the structure spans approximately 12, 360 sq. ft. and sits on a 0.49-acre lot (approx 21, 370 sq ft). Of the 14 units, 10 have been remodel with new kitchens, baths and tile throughout. With its central location and accessibility, this property rarely has vacancies. This will be an attractive opportunity for multi-family investors in the Fort Myers market to improve return by stabilizing rents to the current market and capitalizing on the new revenue stream of the on-site laundry. This location lies within the Cleveland Avenue Community Redevelopment Area (CRA) designated by the City of Fort Myers making it eligible for the CRA’s revitalization programs and tax-increment funding.*