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$ 6,500,000
Est. payment /mo
Active
713/715 Hightower Ave S Lehigh Acres, FL 33973
3,140 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,140 sqft
Price per Sqft $2,070
MLS Listing ID A11884095
HOA Y/N No
Lot Size 0.300 Acres
Property Sub-Type Multi Family
Property Description
Pleased to present an exclusive portfolio: 11 newly built duplexes in Lehigh Acres, FL, offered at $6.5M. Each duplex spans 3,140 SF on 0.27–0.30 acre lots, configured as two 3BR/2BA units. Lehigh Acres, part of the Cape Coral–Fort Myers metro, remains a resilient market despite cooling from the 2021–22 surge. Median sale prices are down 5.7% YoY and days on market rose to 84 from 45, yet the metro's population reached 861K in 2024, driven by strong in-migration. This growth sustains long-term rental demand. Rents of $1,950–$2,200 per unit support efficient cash flows. While insurance costs are a challenge, new construction resilience and mitigation programs help. This portfolio provides immediate scale, stable cash flow, and lasting upside in a high-demand submarket.
Location
State FL
County Lee
Area 5940 Florida Other
Exterior
Private Pool Yes
Building
Story 1
Level or Stories One
Structure Type Other
Others
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11884095
Listed by APEX Capital Realty LLC