Address not disclosed Lehigh Acres, FL 33936

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.