Investing in Multifamily Properties

I have recommended multifamily properties for Investors for the past several years.  One of the best reasons for Investing in Multifamily posted in the Fort Myers daily paper “The News-Press”  on November 30.

The vacancy rates in SW Florida at an all time low and new apartment developments being started.  Here’s the numbers showing the vacancy rate or the number of apartments available to rent out of the total apartments built.

Community                             Vacancy Rate %

North Naples                                     5.6

Central/N Ft. Myers                           3.9

Manatee County                               3.5

South Ft. Myers                                3.1

Cape Coral                                        3.1

East Naples                                       2.3

South Naples                                    1.6

Sarasota County                               1.5

Charlotte County                               1.1

Bonita Springs/Estero                     0

 

Mike Cathell,
Broker/Owner, Investment Property Consultant
Real Estate Services of SWFL, LLC

Cell:  (239) 770-6250   Fax:  (239) 288-2505
Email:  InvestSWFL@gmail.com
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