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Royal Palm Towers 2424 Edwards Dr 100 Unit Apartment Building For Sale Fort Myers, FL 33901
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.
PROPERTY FACTS
| 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 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Range
SITE AMENITIES
- Waterfront
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 100 | - | 442 |
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
MAP
ADDITIONAL PHOTOS
prodrones_HDR_LSI_MooreHaven_06012022_10*
prodrones_HDR_LSI_MooreHaven_06012022_14*
prodrones_HDR_LSI_MooreHaven_06012022_29*