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Lynx At Preserve 11900-11971 Palm Bay Ct 36 Unit Apartment Building $9,500,000 ($263,889/Unit) Bonita Springs, FL 34135
INVESTMENT HIGHLIGHTS
- Stabilized asset with average rents of $2.20 PSF, supported by strong occupancy and consistent demand.
- Strategically positioned between Estero, Fort Myers, and Naples, offering convenient access to major employment and lifestyle hubs.
- Roughly $1,000,000 in renovations completed in 2024 and 2025, enhancing both unit interiors and overall property appeal.
- Close proximity to premier amenities, including Downtown Bonita Springs, local beaches, and numerous shopping, dining, and entertainment destinations.
EXECUTIVE SUMMARY
Lynx at Preserve is an opportunity to acquire a stabilized, income-producing multifamily asset in the Bonita Springs submarket of Southwest Florida.
The property comprises 36 multifamily units across nine separate two- story concrete block construction buildings, built between 2006 and 2008. Each unit features a two-bedroom, two-bath layout averaging 940 square feet. The property has two access points from East Terry Street and Southern Pines Drive.
2024-2025 IMPROVEMENTS:
The seller has completed approximately $1,000,000 in improvements since 2024, significantly enhancing both the interior and exterior condition of the property.
Key upgrades include:
• New kitchen cabinets and countertops
• New appliances and appliance installations
• New roofs
• Drywall, baseboard, and paint updates
• New flooring and bathroom cabinets
• Lighting and fan installations throughout
• Updated plumbing fixtures and AC units
* Detailed list of improvements available upon request.
INCOME HIGHLIGHTS:
• Current Occupancy: 89%
• Average Rents: $2.20 per square foot
• 2024-2025 Upgrades: Roughly $1,000,000 in renovations
• Roof Ages: All new 2024
* Inquire for full list of income and expenses
The property comprises 36 multifamily units across nine separate two- story concrete block construction buildings, built between 2006 and 2008. Each unit features a two-bedroom, two-bath layout averaging 940 square feet. The property has two access points from East Terry Street and Southern Pines Drive.
2024-2025 IMPROVEMENTS:
The seller has completed approximately $1,000,000 in improvements since 2024, significantly enhancing both the interior and exterior condition of the property.
Key upgrades include:
• New kitchen cabinets and countertops
• New appliances and appliance installations
• New roofs
• Drywall, baseboard, and paint updates
• New flooring and bathroom cabinets
• Lighting and fan installations throughout
• Updated plumbing fixtures and AC units
* Detailed list of improvements available upon request.
INCOME HIGHLIGHTS:
• Current Occupancy: 89%
• Average Rents: $2.20 per square foot
• 2024-2025 Upgrades: Roughly $1,000,000 in renovations
• Roof Ages: All new 2024
* Inquire for full list of income and expenses
PROPERTY FACTS
| Price | $9,500,000 | Building Class | B |
| Price Per Unit | $263,889 | Lot Size | 4.81 AC |
| Sale Type | Investment | Building Size | 33,840 SF |
| No. Units | 36 | Average Occupancy | 89% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 2006/2024 |
| Apartment Style | Garden | ||
| Zoning | RPD | ||
| Price | $9,500,000 |
| Price Per Unit | $263,889 |
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 4.81 AC |
| Building Size | 33,840 SF |
| Average Occupancy | 89% |
| No. Stories | 2 |
| Year Built/Renovated | 2006/2024 |
| Zoning | RPD |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Kitchen
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 36 | - | - |
PROPERTY TAXES
| Parcel Number | 25-47-25-B3-00004.0060 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,161,593 |
PROPERTY TAXES
Parcel Number
25-47-25-B3-00004.0060
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,161,593
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Lynx At Preserve | 11900-11971 Palm Bay Ct
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