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Offering Highlights

• Edison Estates is Centrally Located in the City of Fort Myers, Which is in Lee County, FL. The Property is Situated in the Windsor Park Neighborhood and Offers Ease of Access to Shopping, Employment and Recreation.
• The Property Consists of One (1) Two-Story Building Which is Favorably Comprised of Twelve (12) Two-Bedroom/One-Bathroom Units each with 750 Square Feet.  All Twelve of the Units have individual Air Conditioners and Tenants Pay for all Utilities Except Trash Which is the Owners Responsibility.
• Strong Upside Potential to Increase Rents Over Existing Rents by $75 Per Month Per Unit w/ Implementing an Interior Unit Update. There is Additional Value Add Opportunities in Renting the Storage Units and Adding Coin Laundry as an amenity.

Property Renovations & Opportunities

• Edison Estates has Recently been Entirely Renovated with New Plumbing, Upgraded Kitchens Including New Base Cabinets and Refaced Wall Cabinets, White Appliances, Ceramic Tile Flooring, New Individual A/C Units, Interior & Exterior Paint, Landscaping and a Striking Accent Wall Crafted from Brazilian Hardwood.
• Located On-Site are Fourteen (14) 150 Square Foot Storage Rooms, all of Which Have Been Recently Renovated. Historically, upon Lease-Up, Each Tenant is Provided a Key to Their Own Secure Storage Unit. There are Two (2) Additional Units Which Are Currently Used for Ownership Storage, but Could Provide Additional Income. These Units Provide an Investor the Opportunity to Create Exceptional Revenue Streams by Adding an On-Site Laundry Facility and Charging for the Usage of the Remaining Units.

Employment Data

• The City of Fort Myers has Once Again Been Named the Fastest Growing City in America by WalletHub in 2020. (Economic Development – Fort Myers) The leading employers in Lee County are as follows; 11,500 employees — Lee County Memorial Health 11,000 employees — Lee County School Districts 5,000 employees — Publix Supermarket & Grocery 2,600 employees — Lee County Government Admin 2,500 employees — Walmart Stores & Offices 1,700 employees — City of Cape Coral 1,675 employees — Chico’s FAS

Location Highlights

• Edison Estates is Located at the Heart of the Midtown Redevelopment District within the Core of Fort Myers, Florida, which is in Lee County. This Redevelopment Plan Directly Affects Edison Estates in Several Positive Ways. Edison Estates’ Location provides an Investor the Opportunity to Obtain a High-Yield Asset just South of the Redevelopment area which will lead to Appreciation of the Asset as well as Significant Rent Growth. You can visit https://fl-fortmyers-old.civicplus.com/910/Midtown-Neighborhood-Plan for the complete plan. The Property is Located One Block West of Cleveland Avenue (US-41) the City’s Major North/South Corridor. Cleveland Avenue (US-41) offers Exceptional Access to a Surplus of Employment Centers, National Retailers, Attractions, and Page Field Airport to the South, as well as Downtown Fort Myers and North Fort Myers to the North.
• Downtown Fort Myers is Experiencing a Rapid Evolution and Expansion as the City has Implemented Initiatives such as the Midtown and Downtown Redevelopment Plan, which Places an Emphasis on creating Density, a Large Diverse Economy, and a Vibrant Urban Lifestyle. Cleveland Avenue (US-41) also Provides a Direct Route North to Sarasota and Bradenton, and a Direct Route South to Naples.

Notable Nearby Properties

• .9 miles — Lee Memorial Hospital .9 miles — Edison Mall & Shops 1.9 miles — Downtown Fort Myers 4.5 miles — Bell Tower Shops 5 miles — Florida SW State College 13 miles — Gartner Inc Employment 13 miles — ALTA Resources 14 miles — Fort Myers Beach 15 miles — Hertz Global Headquarters 16 miles — Sanibel Island & Captiva 16 miles — Florida Gulf Coast University