Hull Multifamily Advisors is pleased to present the exclusive offering of Polk Street Duplexes, a well-maintained six-unit multifamily asset located in Fort Myers, Florida. Built in 1973, the property consists of three single-story buildings featuring (6) 900 SF two-bedroom/one-bath units totaling approximately 5,400 rentable SF. The property is 100% occupied (at the time of listing) and boasts several amenities including individual entrances, ample parking, washer/dryer hookups and individually metered electric and water. Recent capital improvements include 5/6 new HVAC systems (2024–2025), 2 new water heaters, and 2 fully remodeled units, providing a strong foundation for continued ownership.
Polk Street Duplexes is being offered as a stabilized, cash-flowing investment with significant value-add potential. After conducting an in depth rent comparable study (located in the OM) Current rents are estimated to be approximately $50–$100 below market, providing a clear opportunity to increase rents and enhance annual cash flow and property value. Current ownership has also implemented a successful renovation strategy, with 2 of the 6 units fully renovated and achieving approximately $50 in additional monthly rent. A new owner can continue renovating the remaining four units to capture similar rent premiums while simultaneously pushing rents toward market. With 100% occupancy, individually metered utilities, significant recent capital improvements, and multiple avenues for increasing revenue, Polk Street Duplexes presents an attractive opportunity for investors seeking immediate cash flow and long-term value creation. Please contact Hull Multifamily Advisors for additional information before this opportunity is gone.