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  • Sold
Park Villa Apartments - #1

This 36-unit apartment complex has a full occupancy rate and no deferred maintenance. All units have been refurbished by owner/manager. Located between U.S. Highway 41 (Cleveland Avenue) and Fowler Street, the property is within walking distance to the City of Fort Myers Historic Downtown River District in addition to being close to numerous restaurants and retail stores.

  • 08/01/2016
  • The property was originally brought to market in the downturn at a low price and then increased to $1,944,000 beginning of 2016. The Colliers International team established a sophisticated marketing campaign through e-mail, property exposure tours, and mailings to bring a “Best and Final” scenario of a competitive buying situation. The winning offer was full priced, had a financing contingency, with a 35 day due diligence period, and 30 day close.