200 Dahlia Ln Fort Myers, FL 33907

Property Details for 200 Dahlia Ln

Year built

2010

Lot size

4.53 lot acres

Property size

96,600 SF

Property type

Commercial real estate

Description

This exceptional 70-unit apartment building in Fort Myers, Florida presents a compelling value-add investment opportunity. The property, known as The Residences at Page Park, comprises seven two-story buildings totaling 96,600 square feet on a 4.53-acre lot. Built between 2010 and 2015, the complex features spacious three-bedroom, two-bathroom units, each with private patios or balconies, stainless steel appliances, granite countertops, in-unit washers and dryers, and walk-in closets. The well-maintained community includes a leasing office and ample parking. Current rents are below market, offering significant potential for increased revenue. Furthermore, an additional 4.53 acres are approved for the development of up to 96 more units, or 92 units with a clubhouse and pool, representing substantial future growth potential. The property's desirable location in Page Park offers convenient access to downtown Fort Myers, major roadways (including US Route 41 and I-75), beaches, and numerous amenities, including shopping, dining, and educational institutions. Each unit has separately metered utilities (tenant-paid electricity), while the landlord is responsible for common area utilities. The strong demographics of the area, with average household incomes exceeding $100,000 within a 5-mile radius, further enhance the investment appeal. This property offers a unique blend of immediate income generation and significant long-term development potential in a thriving Florida market.