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922 Courtington Lane

Philip Miller Acquires Flats At Courtington Multifamily In Fort Myers From John Metzler For $1.325M
SOLDMultiFamily

Philip Miller Acquires Flats At Courtington Multifamily In Fort Myers From John Metzler For $1.325M

922 Courtington Lane

$1,325,000

$172/SF

Building Size

7,680 SF

Asset Type

MultiFamily

Closing

Dec 16, 2025

AI

The property involved in the transaction is a multifamily asset consisting of 20 units, located at 922 Courtington Lane, Fort Myers, Florida. It encompasses a total square footage of 7,680 and was sold for $1,325,000, resulting in a price per unit of $66,250 and a price per square foot of $172.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,325,000
  • Units: 20
  • Square Feet: 7,680
  • Price Per Unit: $66,250
  • Price Per Square Foot: $172
  • Buyer: Philip Miller
  • Seller: John Metzler
  • Brokers: Daniel J. Cunningham, River Rhoads, Dillon Majeski, Cory Sanchez & Evan Richardson - Marcus & Millichap
  • Date of Sale: 12/17/2025
  • Market: Fort Myers

The Cunningham-Richardson Group of Marcus & Millichap successfully facilitated the closing of Flats at Courtington, which produced significant market interest and went under contract in just 25 days, attracting five competing offers. The buyer, an all-cash investor from South Florida, received a favorable negotiation on pricing and terms, ensuring a smooth transactional process and maximizing value for both the buyer and seller.

Players

Daniel J. Cunningham

Marcus & Millichap

Broker

$197M

vol

30 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Fort Myers MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.97%

Cash-on-Cash

-3.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93