Historical Multifamily Sale Listing - Palm Vista Apartments

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Palm Vista Apartments

3726 Central Avenue, Fort Myers, FL 33901

N/A

136 Units | Multifamily

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Palm Vista main photo

Multifamily Property - Off Market

Price:
N/A
No. Units:
136
Building Size:
149,170 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Distressed:
Yes
Commission Split:
2.5%
Cap Rate:
10%
Occupancy:
45%
No. Stories:
2
Year Built:
1974
Lot Size:
4.80 AC
Listing ID
16683522
Last Updated
over 1 year ago

Description

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.

Map of 3726 Central Avenue, Fort Myers, FL 33901 (Lee County)

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Created 5/12/2010