Listing Provided Courtesy of RE/MAX Nautical Realty8-Plex Income Property on Large Lot with Strong Cap Rate.
This concrete block 8-plex in North Fort Myers delivers steady income and minimal upkeep. The building includes 5 two-bedroom units and 3 one-bedroom units, totaling 13 bedrooms and 8 bathrooms, with each unit averaging around 700 sq ft.
Gross rental income in 2024 was $93,795, and with professional management included in expenses, the property yields a 7.61% cap rate. Tenant history is strong, with several long-term residents, and all current leases are month-to-month, offering flexibility for future adjustments.
The property sits on a .67-acre lot with plenty of room, featuring paved parking and a grassy overflow area for additional vehicles. Recent upgrades include a 2023 ROOF, new septic system (per property manager), fresh exterior paint, new front windows, and new paved parking. All units but one have been updated, and three units are currently vacant, offering immediate income potential in a high-demand rental market.
Conveniently located near Walmart, Home Depot, restaurants, schools, and public transportation via US-41 and nearby bus stops.
Owner pays garbage, water, and mowing. Tenants pay everything else.
Please do not disturb tenants.
This concrete block 8-plex in North Fort Myers delivers steady income and minimal upkeep. The building includes 5 two-bedroom units and 3 one-bedroom units, totaling 13 bedrooms and 8 bathrooms, with each unit averaging around 700 sq ft.
Gross rental income in 2024 was $93,795, and with professional management included in expenses, the property yields a 7.61% cap rate. Tenant history is strong, with several long-term residents, and all current leases are month-to-month, offering flexibility for future adjustments.
The property sits on a .67-acre lot with plenty of room, featuring paved parking and a grassy overflow area for additional vehicles. Recent upgrades include a 2023 ROOF, new septic system (per property manager), fresh exterior paint, new front windows, and new paved parking. All units but one have been updated, and three units are currently vacant, offering immediate income potential in a high-demand rental market.
Conveniently located near Walmart, Home Depot, restaurants, schools, and public transportation via US-41 and nearby bus stops.
Owner pays garbage, water, and mowing. Tenants pay everything else.
Please do not disturb tenants.
Property Details
Price:
$950,000
MLS #:
225046592
Status:
Active
Beds:
0
Baths:
0
Address:
24 W Mariana AVE
Type:
Commercial
City:
NORTH FORT MYERS
Listed Date:
May 14, 2025
State:
FL
ZIP:
33903
Lot Size:
29,359 sqft / 0.67 acres (approx)
Year Built:
1972
See this Listing
CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.
More About CENTURYMortgage Calculator
Schools
Interior
Exterior
Parking Spots
12
Financial
Tax Year
2024
Taxes
$6,681
Map
Community
- Address24 W Mariana AVE NORTH FORT MYERS FL
- CityNORTH FORT MYERS
- CountyLee
- Zip Code33903
Similar Listings Nearby
- 170 Catalina ST
FORT MYERS, FL$1,100,000
3.74 miles away
- 2401 FIRST ST SUITE 260
FORT MYERS, FL$1,100,000
2.50 miles away
- 7521 Aluminum RD
NORTH FORT MYERS, FL$1,099,000
1.65 miles away
- 2401 First ST # 300
FORT MYERS, FL$995,000
2.50 miles away
- 2119 Fowler ST
FORT MYERS, FL$995,000
3.10 miles away
- 921 SE 15th AVE
CAPE CORAL, FL$965,000
4.70 miles away
24 W Mariana AVE
NORTH FORT MYERS, FL
LIGHTBOX-IMAGES
Recent Comments