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16540 Bent Palms Cv Fort Myers, FL 33908

55-unit multifamily value-add opportunity

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents two Class A apartment communities in Fort Myers, Florida's desirable Iona neighborhood. Built in 2016 and 2017, the property comprises eight two-story buildings totaling 84,390 square feet on 9.25 acres. The 55 units consist of 39 two-bedroom/2.5-bathroom and 16 three-bedroom/2.5-bathroom residences. Each unit boasts condo-quality finishes, including high-end cabinets, granite or quartz countertops, stainless steel appliances, and laminate hardwood floors (first floor), tile (bathrooms), and carpet (bedrooms). Residents enjoy private screened-in patios, attached garages, and in-unit washers and dryers. Community amenities include an in-ground pool, ample green space, and a BBQ/picnic area. The property benefits from a prime location, offering convenient access to downtown Fort Myers, beaches, and major roadways like McGregor Boulevard and Summerlin Road. Separately metered utilities (tenant-paid electricity) contribute to efficient management. Current rents are below market, presenting a significant value-add potential in a highly sought-after area with strong demographics and a high average household income. The property's proximity to numerous colleges and universities further enhances its appeal. This is a rare opportunity to acquire a well-maintained, high-quality multifamily asset with substantial upside potential.

Highlights

  • Bent Palms (27 units) and Davis Preserve (28 units) are multifamily communities in Fort Myers, FL, built in 2016 and 2017 respectively.
  • Bent Palms features 19 two-bedroom/2.5-bathroom and 8 three-bedroom/2.5-bathroom townhouses totaling 41,470 square feet on a 4.39-acre parcel. Davis Preserve has 20 two-bedroom/2.5-bathroom and 8 three-bedroom/2.5-bathroom townhouses totaling 42,920 square feet on a 4.86-acre parcel.
  • Significant rental upside potential exists due to below-market rents in a high-demand area with limited supply.
  • Units have individually metered electricity (tenant-paid), with common area utilities paid by the landlord.
  • Amenities include private garages, screened patios, in-unit laundry, and community pools and BBQ areas.
  • The properties enjoy a desirable Iona location near McGregor Blvd and Summerlin Rd, providing easy access to downtown Fort Myers, Cape Coral, beaches, and major roadways.

Property Details for 16540 Bent Palms Cv

Property type
Apartment buildings
Square Feet
84,390 SF
Year Built
2016
Buildings
8
Stories
2
Lot Size (sq. ft)
402,930 SF
Units
55

Location Insight

City
Fort Myers
County
Lee
State
Florida
Latitude
26.5032927
Longitude
-81.9624376

FAQs

What type of property is this?
Apartment building - 55-unit multifamily value-add opportunity
Where is the apartment building located?
The property is located at 16540 Bent Palms Cv Fort Myers, FL.
What are key features of this property?
This property features: Bent Palms (27 units) and Davis Preserve (28 units) are multifamily communities in Fort Myers, FL, built in 2016 and 2017 respectively.; Bent Palms features 19 two-bedroom/2.5-bathroom and 8 three-bedroom/2.5-bathroom townhouses totaling 41,470 square feet on a 4.39-acre parcel. Davis Preserve has 20 two-bedroom/2.5-bathroom and 8 three-bedroom/2.5-bathroom townhouses totaling 42,920 square feet on a 4.86-acre parcel.; Significant rental upside potential exists due to below-market rents in a high-demand area with limited supply.
How can I contact the broker?
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16540 Bent Palms Cv
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