8372 Beacon Blvd - Apartments FOR SALE


Fort Myers, FL 33907
$10,500,000 USD
813-697-1475
8372 Beacon Blvd, Fort Myers, FL for Sale
$10,500,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

8372 Beacon Blvd
Fort Myers, FL 33907


HIGHLIGHTS

  • Value-Add Potential
  • Separately Metered Utilities
  • Attractive Unit Mix
  • Property Amenities
  • Desirable Location
  • Access to Area Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire Palm Villas. The residential community is located at 8372 Beacon Boulevard in Fort Myers, Florida (the “Property”). The Property is well-located in Page Park, a quiet residential neighborhood in the center of Fort Myers, minutes from downtown with excellent access to all the amenities the city has to offer. Fort Myers is positioned along the banks of the Caloosahatchee River and offers convenient access to the Gulf of Mexico, Estero Bay and the Estero Bay Preserve State Park and San Carlos Bay and Bunche Beach Preserve which are home to a variety of outdoor recreational activities. Fort Myers’ downtown features a plethora of employment, shopping, and entertainment opportunities. Constructed in 1968, Palm Villas is a sixty-four (64) unit residential community comprised of six (6) Studio units, twenty-three (23), 1-Bedroom/1-Bathroom units, and thirty-five (35), 2-Bedroom/1-Bathroom units spread across four (4) two-story residential buildings with a total of 45,825 square feet of living area on 5.14-acres of land. The well-maintained and professionally managed community includes a management office, pool, recreation areas, an on-site laundry facility, ample on-site parking and abundant green space for residents. The Property offers direct entry units that feature spacious units.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$229 USD /SF

# OF UNITS

64

PRICE/UNIT

$164,063

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palm Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.14 AC

LAND SF

223,898 SF

ZONING

-

APN/PARCEL ID

12-45-24-00-00006.0020

ASK ABOUT THIS PROPERTY

Adam PodbelskiHorvath & TremblayMore Info
813-697-1475

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Adam PodbelskiHorvath & TremblayMore Info
813-697-1475

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.