JBM Unveils Exquisite Venetian Apartments for Exclusive Listing in Fort Myers, Florida
JBM Unveils Exquisite Venetian Apartments for Exclusive Listing in Fort Myers, Florida
In a strategic move within the multifamily real estate sector, JBM Institutional Multifamily Advisors has announced the exclusive listing of the Venetian Apartments, situated in the vibrant city of Fort Myers, Florida. This Class A trophy asset presents a remarkable opportunity for investors and renters seeking luxurious living paired with modern amenities in a prime location.
Property Overview
The Venetian is a beautifully designed garden-style community comprised of two- and three-story buildings, crafted with attention to detail and quality. Completed in 2018, the property spreads across an expansive 23.44 acres and features 436 apartments, each with an average size of 928 square feet. The well-appointed units come in various configurations, including one, two, and three-bedroom layouts, catering to diverse housing needs.
Architectural Excellence
The Venetian showcases an aesthetic appeal with some of its recent improvements, including newly installed barrel tile roofs, which not only enhance the property's visual charm but also contribute to its durability. Inside, residents will discover open-concept floor plans, stainless steel appliances, elegant kitchen islands, designer pendant lighting, and luxurious faux wood plank flooring. Each unit is equipped with in-unit washers and dryers, adding to the convenience of modern living.
Amenities That Connect Communities
Residents of the Venetian can enjoy a wealth of amenities designed to foster luxury and a sense of community. The property features a resort-style, lakeside pool and hot tub, perfect for relaxation and leisure. The expansive pool deck, adorned with shaded daybeds and loungers, invites residents to unwind in style. Additionally, the community clubhouse serves as a hub for social gatherings, featuring a lounge equipped with a fireplace, a game room, a business center, and a cozy coffee station.
Outdoor enthusiasts will appreciate the waterfront gazebo with grilling stations, ideal for weekend barbecues, as well as two fitness centers that operate around the clock for convenience. A large, fenced-in dog park and a pet spa make it a welcoming environment for animal lovers. Detached garages are also available for rent, enhancing the property's appeal to a variety of residents.
Strategic Location
Located right off Winkler Avenue, the Venetian boasts excellent connectivity and accessibility to the surrounding Fort Myers area. Less than two miles away is The Forum, a bustling retail center featuring major retailers such as Target, Home Depot, Petco, and Ross. Health and wellness are also prioritized in the area, with the upcoming Lee Health Hospital—a state-of-the-art facility featuring 416,000 square feet of space, 168 beds, and 30 operating rooms—set to open less than half a mile from the property.
Investment Highlights
Part of the unique offering surrounding the Venetian includes an attractive financial package that features robust assumable debt with a loan-to-value ratio of approximately 72%, coupled with an interest rate of 5.16% over an 8.5-year term. The property also benefits from an in-place **
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