16540 Bent Palms Cv Fort Myers, FL 33908
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.