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5450-5460 5th Ave
Fort Myers, FL 33907 Page Park

$7,200,000 USD

Apartments For Sale  •  3,512 SF

Property Details

  • Property Type Apartments
  • Total Building Size 3,512 SF
  • Lot Size 0.42 AC
  • Building Class C
  • Year Built 1970
30 Transit Score
60 Walk Score

Highlights

Acquire 46 residential units in a single transaction, offering efficiencies that are difficult to replicate through individual acquisitions.
Portfolio spanning apartment buildings, duplexes, single-family homes, and a condominium helps distribute risk across multiple residential types.
Established net operating income of ~$512,244 provides immediate cash flow while preserving multiple opportunities for future value creation.
Value-add potential through strategic renovations, rent growth initiatives, occupancy improvements, and operational enhancements.
50.9% of Fort Myers residents occupy leased housing units rather than owner-occupied units, providing access to a deep and stable tenant base.
Fort Myers' population growth of approximately 16% since 2020 supports increasing housing demand in a fast-growing Southwest Florida market.

Public Transportation

AirportDriveWalkDistance
Southwest Florida International 20 min - 10.4 mi
Punta Gorda 43 min - 33.2 mi
Meidan Mike Magen 669-302-1664 Compass
Meidan Mike Magen 669-302-1664 Compass