60 unit apartment complex- all units are 1 bedroom/1 bath. 55 units are tile throughout, 5 have carpet in the bedroom and living room. Current rents are BELOW MARKET at $475 per month but new owner does not have to keep then below market after December 1, 2020. Market rent would be in the range of $750 per month. Complex is a 55+ age restricted community. ( 80% of the units need to be occupied by a resident who is 55 years of age or older) While not a requirement of a sale, price consideration will be given to interested parties who will agree to maintain below market rent. The property is in good repair and is 98% rented. Owner will consider offers that include owner financing. MULTIPLE OFFERS RECEIVED- PLEASE SUBMIT HIGHEST AND BEST OFFER BY JANUARY 22, 2019. Contact listing agent or have your agent contact listing agent for clarification.
Full Property Details
Full Property Details for 4701 Swanson Loop
Taxes: $801 (2018)
MLS ID: 219065109
Added: 51 day(s) ago
Flooring: Carpet, Tile
Total Bathrooms: 20
Full Bathrooms: 20
Total Bedrooms: 60
Exterior Features: Patio
Subdivision: NORTH FORT MYERS
Driving Directions: Old US 41 to Brooks road- turn east ( right). Community is at the corner of Brooks road and Lavin Lane.
Community Name: FN08 - North Fort Myers Area
Heating & Cooling
Central air: Yes
Cooling Type: Central Air
Heating Type: Central, Electric
Sewer: Public Sewer
Architectural Style: Ranch, One Story
Structure Type: Quadruplex
Construction: Frame, Stucco
Windows: Single Hung
Year Built: 2006
Property Condition: Resale
Lot Size (Acres): 4.46
Lot Size Source: Appraiser
Irrigation System: Municipal
Lot Features: See Remarks
Operating Expenses: $293,724
Tax Amount: $801
Tax Year: 2018
Terms: All Financing Considered, Cash, Owner May Carry
Tenant Pays: Electricity
Disclosures and Reports
Legal Description: TOWN OF KANTZ PB 1 PG 19 POR BLK A DESC IN OR 4473/3427
4701 Swanson Loop, North Fort Myers, FL 33917 (MLS# 219065109) is a
Multi-Family property with 2 units containing 60 bedrooms and 20 full bathrooms.
4701 Swanson Loop is currently listed for $3,600,000 and was received on December 05, 2019.
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