Golf Meadow
Closed1852 Golf View Ave, Fort Myers, FL 33901
Property type
Multifamily
Unit / Space count
44
Price
$5,900,000
Building size
33,700 sf
Rentable area
33,700 SF
Year built
1970
Year renovated
Occupancy
Zoning code
Lot size
1.41 Acres
Sold/status
Sold · Date unknown
Sale price
$5900000
Bedroom count
Property description
Golf Meadow Apartments is a well-established 44-unit community located in the heart of Fort Myers, offering solid 1970s concrete block construction and an attractive unit mix. Over half of the apartments are spacious two- and three-bedroom layouts averaging 960 square feet. The property has benefited from over $500,000 in recent capital improvements, including new roofs, upgraded electrical systems, replacement of most central AC units, and interior renovations. Since a management change in February, the community has already seen strong month-over-month NOI growth, underscoring its operational momentum and value potential. Strategically situated just minutes from the historic Downtown River District, Golf Meadow Apartments offers residents convenient access to a vibrant array of dining, entertainment, and cultural attractions. Adjacent to the Fort Myers Country Club and Golfview Pool, the property provides immediate access to recreational amenities. Residents also enjoy proximity to essential retail and services such as Walgreens, CVS, Starbucks, Publix, and Walmart Supercenter. This property is a promising investment with strong long-term income appreciation potential.
Property highlights
- 44-Unit Apartment Community Featuring 1970's Concrete Block Construction
- Attractive Unit Mix Featuring 55% Spacious 2-Bed and 3-Bed Floorplans Averaging 960 SF
- Over $500K in Recent Capital Improvements, Including All New Roofs, Replacement of Most Central AC Units, Electrical Upgrades, and Interior Renovations
- The Property Underwent a Management Change in February and is Already Experiencing Strong Month-Over-Month NOI Growth
- Prime Central Fort Myers Location with Projected Rent Growth of 3–4% Annually Beginning in 2025, as Renter Demand Strengthens and New Supply Moderates, Positioning the Asset for Long-Term Income Appreciation (RealPage)
- Adjacent to the Fort Myers Country Club and Golfview Pool, Providing Residents with Immediate Access to Recreational Amenities
- Strategically Located Just 5 Minutes from the Historic Downtown River District, Offering Proximity to Dining, Entertainment, and Cultural Attractions
- Convenient Access to Retail and Services, including Walgreens (0.4 mi), CVS (0.5 mi), Starbucks (0.6 mi), Publix (0.8 mi), and Walmart Supercenter (1.2 mi)
- Excellent Connectivity to Major Transportation Routes, Situated Near U.S. Route 41 and Approximately 1 Mile from the Interstate 75 On-Ramp, Providing Easy Access to Regional Employment Centers and Attractions