Downtown Fort Myers Apartments, LLC Acquires Multifamily Property In Fort Myers For $5.5M

The multifamily property located at 2575 Second Street, 2554 First Street, and 3165-3175 East Riverside Drive in Fort Myers has been sold for a total price of $5,475,000. The transaction took place on 04/21/2022 and involved the sale of 45 units. The buyer, Downtown Fort Myers Apartments, LLC, purchased the property from the sellers, Florentine Holding Company XI, LLC, and Florentine Holdings Company, LLC. The property spans over 2.58 acres and is situated in the Fort Myers market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $5,475,000
• Units: 45
• Price Per Unit: $121,667
• Acres: 2.58
• Market: Fort Myers

The sale was facilitated by the RPH Multifamily Group - Marcus & Millichap, with brokers Adam Podbelski, Ned Roberts, Jason Hague, and Sam Ferguson representing the buyers and sellers in the transaction.