TAMPA, FL, Jan, 6, 2010: Franklin Street Real Estate Services is pleased to announce the sale of 2341 Willard Street Apartments (top left photo) in Fort Myers, Fla., for $119,000. The sales price represents $13,222 per unit and $13.49 per square foot.
Franklin Street Associate Kevin Kelleher represented the buyer and seller. The buyer was a private, local investor. The selling entity was a publicly traded lender that foreclosed on the property in 2009.
“The property was less than 50% occupied at the time of sale, and every unit needed some level of work,” said Kelleher. “The buyer was a local investor who purchased the property despite the current operational challenges in Fort Myers, believing in the long term fundamentals of the Florida multi-family market.”
Built in 1978, 2341 Willard Street Apartments is located at 2341 Willard Street Fort Myers, FL. The property was constructed of concrete block and offers 8,820 rentable square feet. The apartment community consists of 9 two bedroom units that are 980 square feet.
Contact: Mandy Force, Franklin Street Real Estate Services, Phone: 813.839.7300, Fax: 813.839.7330, 5420 Bay Center Dr. Suite 100, Tampa, Florida 33609, http://www.franklinstreetfinancial.com/
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