3726 Central Avenue
Fort Myers, FL 33901 ·
136 Units · Multifamily For Sale
Palm Vista Apartments
|No. Units||136||Cap Rate||10%|
|Building Size||149,170 SF||Occupancy||45%|
|Property Type||Multifamily||No. Stories||2|
|Property Sub-type||Garden/Low-Rise||Year Built||1974|
|Property Use Type||Investment||Lot Size||4.80 AC|
|Listing ID: 16683522||Date Created: 05/12/2010||Last Updated: 04/05/2011|
COURT APPOINTED RECEIVER SALE
The Palm Vista Apartments is a 136 unit garden style apartment complex located in Fort Myers, Florida. The unit mix is 96 2 BR/2BA units and 40
1 BR/1BA units in a gated complex of 12 two- story buildings. Common amenities include a community clubhouse and swimming pool, a fitness center as well as a children's play area and BBQ facilities. Property is currently undergoing renovations and improvements and is under new management/receivership.
PLEASE REVIEW THE ATTACHED OFFERING SUMMARY FLYER BEFORE HITTING THE "PLEASE SEND MORE INFORMATION BUTTON". NO SELLER FINANCING IS AVAILABLE. PROPERTY IS BEING SOLD "AS IS", WHERE IS".
The property is located North of Colonial Blvd and just West of US 41 in central Ft Myers, with close proximity to the Edison Mall, the Southwest Florida Regional Medical Center as well as numerous other shopping and employment centers. The immediate neighborhood is a mix of single family homes, commercial office and retail facilities as well as other rental and condominium communities. This property is well-located and is in a strong rental market for quality Class "B" apartment units.
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