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Property profile & analytics
OFF-MARKET
Apartment buildings

16540 Bent Palms Cv Fort Myers, FL 33908

84,390 SF 9.25 ac lot Built 2016
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Year built 2016
Total area 84,390 SF
Lot 9.25 ac (402,930 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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