Royal Palm Towers | 2424 Edwards Dr
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Royal Palm Towers 2424 Edwards Dr
100 Unit Block of Flats 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 Under Contract
Sale Type | Investment | Lot Size | 1.99 AC |
No. Units | 100 | Building Size | 68,816 SF |
Property Type | Residential | Average Occupancy | 100% |
Property Subtype | Apartment | Number of Floors | 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 | Residential |
Property Subtype | Apartment |
Apartment Style | Mid Rise |
Building Class | C |
Lot Size | 1.99 AC |
Building Size | 68,816 SF |
Average Occupancy | 100% |
Number of Floors | 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 | £3,595,253 |
Land Assessment | £1,925,107 | Total Assessment | £5,819,601 |
PROPERTY TAXES
Parcel Number
13-44-24-P4-00404.0050
Land Assessment
£1,925,107
Improvements Assessment
£3,595,253
Total Assessment
£5,819,601
zoning
Zoning Code | U-CORE |
U-CORE |
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Royal Palm Towers | 2424 Edwards Dr
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