Portfolio of three (3) condominiums in Banyan Tree Condo. All units are fully leased with annual leases in place. Rents range from $1250-$1650, with room for increases. One unit was completely renovated with new cabinets, vanity, appliances, HVAC, and paint. The other two units have new appliances, HVAC, and updates where needed. Excellent investment opportunity with a desirable CAP rate and GRM.
Closed
$330,000
824 Alderman St #101-111-113, Fort Myers, FL 33916
6beds
677sqft
Condominium
Built in 1985
-- sqft lot
$302,000 Zestimate®
$487/sqft
$2,264 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 11, 2025 at 11:05am
Listed by:
Kevin Daly 239-340-1348,
Century 21 Sunbelt Realty,
Maria Trestman 239-788-3545,
Century 21 Sunbelt Realty
Bought with:
Tyler Macchi, 258032385
Coldwell Banker Realty
Source: Florida Gulf Coast MLS,MLS#: 223011098
Originating MLS: Florida Gulf Coast
Originating MLS: Florida Gulf CoastFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Central, Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Dryer, Dishwasher, Freezer, Microwave, Refrigerator, Self Cleaning Oven, Washer
- Laundry: Inside
Features
- Living/Dining Room, None, Cable TV, Screened Porch
- Flooring: Tile
- Windows: Sliding
Interior area
- Total structure area: 677
- Total interior livable area: 677 sqft
Property
Parking
- Parking features: Common, Guest
Features
- Levels: Two
- Stories: 2
- Patio & porch: Lanai, Patio, Porch, Screened
- Exterior features: None, Patio
- Has view: Yes
- View description: City, Landscaped
- Waterfront features: None
Lot
- Size: 2,609 sqft
- Features: Corner Lot
Details
- Parcel number: 084425P402000.1010
- Lease amount: $0
Construction
Type & style
- Home type: Condo
- Architectural style: Other,Two Story,Low Rise
- Property subtype: Condominium
Materials
- Stucco, Wood Frame
- Roof: Shingle
Condition
- Resale
- Year built: 1985
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & neighborhood
Security
- Security features: Fire Sprinkler System, Smoke Detector(s)
Community
- Community features: Non-Gated
Location
- Region: Fort Myers
- Subdivision: BANYAN TREE OF FT MYERS CONDO
HOA & financial
HOA
- Has HOA: Yes
- Amenities included: None, Management
- Services included: Association Management, Insurance, Irrigation Water, Legal/Accounting, Maintenance Grounds, Pest Control, Reserve Fund, Trash
- Association phone: 239-672-8800
Other fees
- Membership fee: $0
Other
Other facts
- Listing terms: All Financing Considered,Cash
- Ownership: Condo
- Contingency: Financing
Services availability
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$302,000
2% more+ $6,040
With Zillow Showcase(estimated)
$308,040