2229/2231 Armour Rd

  • $535,000
Westminster, Fort Myers, FL, USA

Description

The Cypress

Well-appointed 3-bed, 2-bath duplexes, each unit offering 1,100 sq.ft. of finished space under-air with a garage, located in the Westminster area of the up and coming Lehigh Acres. The interior quality finishes are pre-selected with the intended build-to-rent model in mind, including: granite/quartz countertops and luxury vinyl plank flooring.

Unit A – Main: 1166 sqft | Entry 49 sqft | Porch: 83 sqft

Unit B – Main: 1184 sqft | Entry 36 sqft | Porch: 83 sqft

Unit A – Main: 1166 sq. ft. | Entry 49 sq ft | Balcony: 83 square feet

Unit B – Main: 1184 sq. ft. | Entry 36 sq ft | Balcony: 83 square feet

Investment Information

 

Why invest?

The founders of Catana Construction are real estate investors building homes with real estate investors in mind. New construction homes are elevated with upgraded finishes backed by service-oriented property management attracting the ‘rent by choice market’. This built-to-rent market is made of up millennials who are in an affordability crisis and baby boomers in retirement age selling their homes and opting to rent to afford retirement costs.

Priced from $530,000, a duplex by Catana Construction can generate an estimated rent of $55,200 (circa $2,300 per month per side), with net returns greater than $44,184. Offering payment terms with as little as 10% down, 10% at drywall stage with balance on completion. The package includes rental management fees coverage for the first year.

  • 8% Net rental Yields
  • Only 10% Required down, 10% at drywall stage of construction and balance due on completion
  • Fully managed by El Sol Management – free for one year (may include)
  • Opportunity to capitalize on demand for duplexes properties

Location

Located just East along the I-75 corridor, Lehigh Acres is a rapidly growing city with heavy hitters like Fort Myers adjacent and Cape Coral further west placing first and third respectively on the top 15 list of fastest-growing cities in America. With a proven track record of significant population growth, Lehigh Acres has seen an increase of roughly 31% since 2010.

 

Features & Finishes

  • Brand new 3 bed 2 bath duplexes each with private entrances and garages
  • Finished exterior package including asphalt driveway, concrete walk-way, and landscape package
  • Efficient floor plans that use every square foot of finished space
  • Long-lasting luxury plank vinyl floors in main areas
  • Stainless steel appliances in the kitchen
  • Washer and dryer in in-suite laundry area
  • Granite or quartz countertops in kitchen and bathrooms

Property Documents

65cda3b37cb311efd732d8ac_29th St Spec - 24-01-26 - Project Finishes Brochure
  • Address Westminster, Fort Myers, FL, USA
  • City Lehigh Acres
  • State/county FL, Florida
  • Country United States

Details

  • Property ID: 9506
  • Price: $535,000
  • Property Size: 3040 sqft
  • Bedrooms: 6
  • Bathrooms: 4
  • Garages: 2
  • Property Type: Duplexes
  • Property Status: For Sale

Features

Floor Plans

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Description:
Brand new 3 bed 2 bath duplexes each with private entrances and garages Finished exterior package including asphalt driveway, concrete walk-way, and landscape package Efficient floor plans that use every square foot of finished space Long-lasting luxury plank vinyl floors in main areas Stainless steel appliances in the kitchen Washer and dryer in in-suite laundry area Granite or quartz countertops in kitchen and bathrooms

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Contact Information

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    3899 Mannix Drive, Suite 405 Naples, FL 34114

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