1852 Golf View Ave - Apartments FOR SALE


Fort Myers, FL 33901- Palm Lee Park
$6,300,000 USD
813-577-3837
1852 Golf View Ave, Fort Myers, FL for Sale
$6,300,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

1852 Golf View Ave
Fort Myers, FL 33901
Palm Lee Park


HIGHLIGHTS

  • 44-Unit Apartment Community Featuring 1970's Concrete Block Construction
  • Attractive Unit Mix Featuring 55% Spacious 2-Bed and 3-Bed Floorplans Averaging 960 SF
  • Over $500K in Recent Capital Improvements, Including All New Roofs, Replacement of Most Central AC Units, Electrical Upgrades, & Interior Renovations
  • The Property Underwent a Management Change in February and is Already Experiencing Strong Month-Over-Month NOI Growth
  • Strategically Located Just 5 Minutes from the Historic Downtown River District, Offering Proximity to Dining, Entertainment, and Cultural Attractions
  • Convenient Access to Retail, Including Walgreens (0.4 mi), CVS (0.5 mi), Starbucks (0.6 mi), Publix (0.8 mi), & Walmart Supercenter (1.2 mi)

OVERVIEW

Golf Meadow Apartments is a well-established 44-unit community located in the heart of Fort Myers, offering solid 1970s concrete block construction and an attractive unit mix. Over half of the apartments are spacious two- and three-bedroom layouts averaging 960 square feet. The property has benefited from over $500,000 in recent capital improvements, including new roofs, upgraded electrical systems, replacement of most central AC units, and interior renovations. Since a management change in February, the community has already seen strong month-over-month NOI growth, underscoring its operational momentum and value potential. Strategically situated just minutes from the historic Downtown River District, Golf Meadow Apartments offers residents convenient access to a vibrant array of dining, entertainment, and cultural attractions. Adjacent to the Fort Myers Country Club and Golfview Pool, the property provides immediate access to recreational amenities. Residents also enjoy proximity to essential retail and services such as Walgreens, CVS, Starbucks, Publix, and Walmart Supercenter. This property is a promising investment with strong long-term income appreciation potential.

FOR SALE DETAILS

PRICE

$6,300,000 USD

PRICE/SF

$201 USD /SF

# OF UNITS

44

PRICE/UNIT

$143,182

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Golf Meadow Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,678 SF

ZONING

A-3

APN/PARCEL ID

35-44-24-P2-00807.0010

ASK ABOUT THIS PROPERTY

Mark SavareseFranklin StreetMore Info
813-577-3837

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Mark SavareseFranklin StreetMore Info
813-577-3837

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