Heritage Manor C/E LEHIGH ACRES, FL 33936

About This Property

Rarely available multi-family opportunity in Lehigh Acres Florida. Two buildings with eight units each. Total units: Twelve 2/1's Four 1/1's Currently owned as condos will be deconverted by terminating the condo docs at or after closing by the buyer. Great opportunity once converted to full rentals at current market price of $950-$1,000 for a 1/1 and $1250-$1450 for a 2/1 All have units have washer/dryer connections and have washers and dryers in each unit except possibly one. Most have been well maintained. Nine units are rentals Seven are owner occupied. Once stabilized and any necessary repairs completed this property can bring in between $225,600 and $256,800 gross annually at current market rental rates, with minimal maintenance costs aside from landscaping and exterior cleaning. Asking $1,800,000 NCNDA to be signed prior.

infoProperty Details

Property Type: Multi-Family: Low Rise (1-3 Floors),Multi-Family: 5+ Units
Year Built: 1981
Lot Size: 1.19 acres
Days on Market: 41
Cumulative DOM: 72
List Date: Aug 24, 2022
Sold Date: Nov 4, 2022
Annual Taxes: $12K (2021)

yardExterior & Lot

Waterfront

Canal Front

$1,620,000