12
713/715 Hightower Ave S
$6,500,000 Sale
Listed 12 hours ago
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Key Facts
Key facts for 713/715 Hightower Ave S
Property Type
Apartment, Unspecified
Parking
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MLS #
A11884095
Size
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Basement
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Listed on
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Lot size
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Tax
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Days on Market
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Year Built
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Maintenance Fee
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Description
Pleased to present an exclusive portfolio: 11 newly built duplexes in Lehigh Acres, FL, offered at $6.5M. Each duplex spans 3,140 SF on 0.27–0.30 acre lots, configured as two 3BR/2BA units. Lehigh Acres, part of the Cape Coral–Fort Myers metro, remains a resilient market despite cooling from the 202...1–22 surge. Median sale prices are down 5.7% YoY and days on market rose to 84 from 45, yet the metro’s population reached 861K in 2024, driven by strong in-migration. This growth sustains long-term rental demand. Rents of $1,950–$2,200 per unit support efficient cash flows. While insurance costs are a challenge, new construction resilience and mitigation programs help. This portfolio provides immediate scale, stable cash flow, and lasting upside in a high-demand submarket.
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Listing courtesy of: APEX Capital Realty LLC