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Royal Palm Towers 2424 Edwards Dr 100 Unit Apartment Building For Sale Fort Myers, FL 33901

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INVESTMENT HIGHLIGHTS

Situated in the heart of rapidly developing downtown
Minutes to the New Calusa Sound Amphitheatre and Centennial Park

70 Units an Acres

EXECUTIVE SUMMARY

This parcel has been rezoned to Urban Core which allows for 70 units per acre plus an opportunity for 30% bonus density. Urban Core zoning allows for a maximum height of 18 stories. Situated in the heart of rapidly developing downtown. The downtown Fort Myers art scene includes ArtFest Fort Myers, Fort Myers Film Festival, and the Sidney & Berne Davis Art Center. Nearby Multifamily communities include Triton Cay, West End at City Walk, and Campo Felice Independent Living. Minutes to the New Calusa Sound Amphitheatre and Centennial Park, a riverside park that is home to the Downtown Farmers Market.

OM_ 2424 edwards

PROPERTY FACTS Under Contract

Sale Type	Investment	Lot Size	1.99 AC
No. Units	100	Building Size	68,816 SF
Property Type	Multifamily	Average Occupancy	100%
Property Subtype	Apartment	No. Stories	11
Apartment Style	Mid-Rise	Year Built	1970
Building Class	C	Parking Ratio	0.7/1,000 SF
Zoning	U-CORE - Urban Core

Sale Type	Investment
No. Units	100
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid-Rise
Building Class	C
Lot Size	1.99 AC
Building Size	68,816 SF
Average Occupancy	100%
No. Stories	11
Year Built	1970
Parking Ratio	0.7/1,000 SF
Zoning	U-CORE - Urban Core

UNIT AMENITIES

Air Conditioning

Kitchen

Range

SITE AMENITIES

Waterfront

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
1+1	100	-	442

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PROPERTY TAXES

Parcel Number	13-44-24-P4-00404.0050	Improvements Assessment	$4,583,385
Land Assessment	$2,454,210	Total Assessment	$7,419,081

PROPERTY TAXES

Parcel Number

13-44-24-P4-00404.0050

Land Assessment

$2,454,210

Improvements Assessment

$4,583,385

Total Assessment

$7,419,081

(239) 334-3040

CONTACTS

Daniel O'Berski
Rick Ikeler
Scott Mersinger
Trinity Commercial Group

Listing ID: 25918912
Date on Market: 6/13/2022
Last Updated:
Address: 2424 Edwards Dr, Fort Myers, FL 33901

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2424 Edwards Dr, Fort Myers, FL for sale Building Photo- Image 1 of 5 — prodrones_HDR_LSI_MooreHaven_06012022_1*

2424 Edwards Dr, Fort Myers, FL for sale Building Photo- Image 2 of 5 — prodrones_HDR_LSI_MooreHaven_06012022_10*

2424 Edwards Dr, Fort Myers, FL for sale Building Photo- Image 3 of 5 — prodrones_HDR_LSI_MooreHaven_06012022_14*

2424 Edwards Dr, Fort Myers, FL for sale Building Photo- Image 4 of 5 — prodrones_HDR_LSI_MooreHaven_06012022_29*

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