Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present Royal Palm Apartments, a newly completed 33-unit multifamily property located in the heart of Fort Myers, Florida. The property features identical one-bedroom, one-bathroom apartments with open floor plans and modern finishes designed to attract long-term renters. Each unit includes in-unit stackable washer/dryers, gray luxury vinyl plank flooring, brushed nickel fixtures, six-panel doors, 2” blinds, walk-in showers, 49” shaker vanities, and gourmet kitchens with white shaker cabinets, islands with breakfast bars, granite countertops, and top-of-the-line stainless steel appliances. The building’s exterior is thoughtfully landscaped with tropical palms and plants and includes a new asphalt parking lot with assigned and visitor parking, handicap-accessible spaces, covered mailboxes, a dog area with waste stations, and fully enclosed dumpster facilities. Additional amenities include bulk package Wi-Fi, ADT security throughout, Schlage keyless entry for each unit, and Chime waterproof wireless doorbell cameras, enhancing tenant convenience and security. Royal Palm Apartments is strategically positioned near major thoroughfares and offers excellent access to downtown Fort Myers, employment centers, retail, dining, and recreational amenities. Nearby employers include Lee Health, the largest healthcare provider in Southwest Florida with over 16,000 employees, and the Lee County School District, one of the largest employers in the region. The property is also close to retail centers such as Edison Mall and recreational venues like the Fort Myers Country Club. With strong demand for workforce and market-rate rentals in the area, the property presents an exceptional opportunity for immediate cash flow and long-term value creation through rental growth.