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