Purchase of a distressed/ failed condo project located on Second Street in Downtown Fort Myers
Residences at Second Street is a 16 unit, multifamily project located less than .5 miles from downtown Ft. Myers. The project is vacant and bank owned, purchased by the previous owner for $1,600,000 in 2005.
The property is in a very good location, just east of Park Ave (old 41), on the north side of Second Street, and abuts the historical Dean Park subdivision. The project is comprised of (2) identical, 8 unit buildings on over an acre (44,589 square feet).
All units are 2 bedrooms, 1 bathroom, with 758 square feet of living space