This Multifamily Property is Off-Market.

3726 Central Avenue
Fort Myers, FL 33901 ·

136 Units · Multifamily For Sale

N/A

Print

Palm Vista Apartments

Price N/A Commission Split 2.5%
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
Distressed Yes
Listing ID: 16683522 Date Created: 05/12/2010 Last Updated: 04/05/2011

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.

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Fort Myers Market Trends - Asking price index trends, sale price trends, asking rent trends

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)