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Royal Palm Towers 2424 Edwards Dr

100 Unit Apartment Building For Sale Fort Myers, FL 33901

Apartment Buildings Florida Fort Myers 2424 Edwards Dr, 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.

Attachments

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
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

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

zoning

Zoning Code U-CORE
U-CORE
(239) 334-3040

  • Listing ID: 25918912

  • Date on Market: 6/13/2022

  • Last Updated:

  • Address: 2424 Edwards Dr, Fort Myers, FL 33901

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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.

Royal Palm Towers | 2424 Edwards Dr
(239) 334-3040 x

Royal Palm Towers | 2424 Edwards Dr

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Daniel O'Berski

(239) 334-3040

(239) 334-3040

Rick Ikeler

(239) 334-3040

(239) 334-3040

Scott Mersinger

(239) 334-3040

(239) 334-3040

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