Current Use by Public Records
- Apartment buildings
Property Details for 16540 Bent Palms Cv
- Year built
- 2016
- Lot size
- 9.25 lot acres
- Property type
- Apartment buildings
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Myers
- County
- Lee
- State
- Florida
- Longitude
- -81.9624
- Latitude
- 26.5033
