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824 ALDERMAN STREET

Fort Myers, FL

Listings courtesy of CENTURY 21 SUNBELT REALTY as distributed by MLS GRID.

Description

Active - Multi Family for sale

Incredible investment opportunity in the heart of Fort Myers, FL. Ten (10) condo units are included in this package; all are two bedrooms with one full bath. All units are currently occupied with annual leases in place. Partial remodel in eight out of ten units. Rents are near market value, generating a very healthy NOI. Roofs were replaced in 2020, and the parking lots were resurfaced in Feb. '23.

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Listing Agent

Listed by: Kevin Daly, CENTURY 21 SUNBELT REALTY

Listing office: CENTURY 21 SUNBELT REALTY

Reference: C7469135

Status: Active

Location

Subdivision Banyan Tree Of Ft Myers Condo
Coordinates 26.66269, -81.83493
MLS Area 33916 - Fort Myers

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Facts and features

Appliances Dryer, Refrigerator, Washer
Furnished Unfurnished
Lot Features Corner Lot
Status Active
Listed Date 01/01/2023
Lot Size 0.98 acres (42,790 sqft)

Structure

Property Type Multi Family
Year Built 1985
Construction Materials Stucco, Wood Frame
Flooring Floor Laminate, Floor Tile
Foundation Details Foundation Slab
Heating Central, Wall Units / Window Unit
Cooling Central Air, Wall/Window Unit(S)
Roof Roof Shingle

Tax

Parcel Number 084425p402000.1020
Tax Legal Description Banyan Tree Of Ft Myers Condo Desc Or Bk 1722 Pg 4113 Common Elements
Tax Year 2023
Tax Lot 101
Zoning Rs7
Tax Annual Amount $12,388
Estimated Annual Tax $12,388
Estimated Monthly Tax $1,032
Tax Rate (Est.) 1.03%

Score

Affordability

$780,000$1,620,000
Mortgage All cash
2%10%
0%90%

Monthly expenses $8,390

Mortgage $7,357

Property Tax $1,032

HOA Fee $0

Homeowners Insurance $0

Due at Close $1,158,000

Minimum down payment $36,000

Closing costs $18,000

beycome Credit Est. $24,000

Estimated values only. Terms vary by lender and location.

Disclaimer

Based on information submitted to the MLS GRID as of Mar 27, 2026 at 05:44am EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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