Rodlin Jerome Acquires Palm Lee Apartments Multifamily In Fort Myers From Gladys Cygenhagen For $1.1M

The transaction involved the sale of an 8-unit multifamily property located at 1905 Winkler Avenue in the Fort Myers market. The property was sold for $1,100,000, encompassing a total square footage of 6,624. The price per unit was $137,500, while the price per square foot was $166.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,100,000
• Buyer: Rodlin Jerome
• Seller: Gladys Cygenhagen
• Brokers: Daniel J. Cunningham, River Rhoads, Dillon Majeski, Cory Sanchez & Evan Richardson - Marcus & Millichap
• Units: 8
• Square Footage: 6,624
• Price Per Unit: $137,500
• Price Per Square Foot: $166

The Cunningham-Richardson Group of Marcus & Millichap represented the transaction, successfully negotiating seller financing terms within a short marketing period of just 9 days, which attracted 6 competing offers. This strategic negotiation contributed to a smooth transaction and aimed to maximize value for both the buyer and seller.