Location Summary

• NORTH FORT MYERS PROFILE North Fort Myers is a medium-sized coastal town (i.e. on the ocean, a bay, or inlet) located in the state of Florida. With a population of 43,060 people and 12 constituent neighborhoods, North Fort Myers is the 74th largest community in Florida. North Fort Myers unincorporated community of North Fort Myers is often referred to as the "Gateway to Lee County." Indeed, if coming from the north, the only routes leading to anywhere and everywhere in Lee County first pass through North Fort Myers. These pathways include I-75 to the east, US 41 to the west, and Business 41, which branches off US 41 and goes eastward from the "gateway." A half-century back, the only US 41 was the business route now called "Old 41," and was the only main thoroughfare. It was called "The Tamiami Trail," and still is today. It got its name for being the only way to get from Tampa to Miami, and was a narrow two-lane way, not paved everywhere. It is presently undergoing another transformation — this time from four to six lanes. According to a recent publication of the North Fort Myers Chamber of Commerce, this gateway community covers 70 square miles. It is adjacent to Cape Coral on the west side. The Caloosahatchee River brushes its southern borders, and Charlotte County is its northern neighbor. On the east side are wide stretches of undeveloped land. North Fort Myers is home to a number of upscale, gated communities which are usually built around lushly landscaped golf courses with most being open to the public. One interesting thing about the economy is that relatively large numbers of people worked from their home: 7.66% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes. Most expensive North Fort Myers neighborhoods. Moody Rd / Pondella Rd Nalle Rd / Nalle Grade Rd Route 78 / Turkey Run Ln Bayshore Rd / Williams Rd N Tamiami Trl / Trail Dairy Cir Bayshore / Slater N Cleveland Ave / Pondella Rd Town Center N Tamiami Trl / Sabal Springs Dr Palmona Park
• Mike Rivera of Saggio Realty/CRE Naples.com is proud to present. A SWFL portfolio opportunity for appreciation,in Prime Opportunity Zone of 33917, high cap rate going into the acquisition,lower vendor cost thru economies of scale and solid income growth which is currently stabilized at 100% with a waiting list. at an avg of $1,200 per month and as high as $1,350 per month for the fully renovated units. Median Rent rate is 1350 for a 3/2 in this market. Strong Value Add Potential Through Unit-Interior Renovations and Common Area Improvements Which May Realize a $100 to $200 Increase in Average Rents! With a renovation of the remaining units that are partial renovated, this is a market that typically trade's similar 3/2 rental properties at 6 to 8 caps, $1,300 to $1,400 per month on rents and SOLD prices in excess of $275k/ New construction duplex start at $325,000. This contiguous Recently Remodeled Duplex portfolio "own the whole block portfolio" is turnkey with great Tenants in place offered just under a 10% CAP! Each side has 3 beds/2 baths. Total of 6 beds,4 baths per building unit.Large 1000 sq ft 3 bedrooms,closets, updated kitchens baths, all title flooring. Typical Gross avg rent is $2400/month,each side paying $1200/month.Tenant pays all utilities,Landlord pays lawn service. Call Mike Rivera or e mail Mike@CRENaples.com Call for more information 941 229 0888 Video walk thru https://www.youtube.com/watch?v=37tqUPtCjfM