3900 Broadway, Fort Myers, FL 33901

Property Description

The best passive income property money can buy!!! Listed for UNDER Appraised value! Over $34,000 a month in gross income with the ability build an additional 4 stories taller with the potential to add on dozens of more rental units, giving you a solid return on your investment for years to come!! - 9CAP!!! 50% Seller Financing Available with 2 Year Balloon payment. Located across from the street from the soon-to-be redeveloped Edison Mall, these 4 concrete block buildings sitting on over 2+acres are 100% leased to great, long term tenants with security deposits and advanced rents, mostly in the medical or professional fields and is a very well kept & well run property! Property is grandfathered in for a local well to use for irrigation, saving you a bunch of money on your lawn bill! Simple expenses such as water, landscaping, insurance and taxes. Tenants pay their own electric. 24,000+ Sq ft of lease-able space, 240 Ft of Broadway frontage, over 120 parking spaces and borders other commercial properties with residential just up the block. Newer laminate flooring in most units, 3 newer roofs, multiple new A/C systems. See Supplements for Offering Packet with full details and appraisal information. Manage by a local owner who is retiring giving you the opportunity to have a long term investment in a rapidly growing part of Fort Myers.