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Property Attributes
- MLS#224028807
- TypeCommercial
- CountyLEE
- CityCape Coral
- AreaCC12 - Cape Coral Unit 7-15
- Zip33904
- StyleMulti Family
- Year Built1971
- Taxes$ 9968
- Price$ 899,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4350
- Lot Size0.344 Acres
Data Source:
Florida Gulf Coast MLS (SWFLMLS)
Property Description
Fully occupied, bringing in $81,600 annual gross income! Donât miss this lucrative investment opportunity nestled in picturesque Cape Coral! This multifamily gem boasts a total of 6 units spread across 4,530 square feet, comprising (2) 2-bedroom/1-bathroom units and (4) 1-bedroom/1-bathroom units, and is currently 100% occupied with great long-term tenants, ensuring stable income for savvy investors. Maximize your cash flow with separate water and electric meters for each unit, while enjoying the landlord-provided appliances including washer and dryer in every apartment. Plus, rest easy knowing the roofs are new in 2022, and all air conditioners have been recently updated. Positioned with 120 feet of frontage on Del Prado, this property offers unparalleled visibility, while renters benefit from easy access to major commuting routes. Positioned in a desirable location outside of flood zones and with great long-term tenants already in place, this multifamily investment opportunity in Cape Coral is a must-have for investors seeking stable returns and long-term success!
Price History | |
---|---|
3/28/2024 | Listed $995,000 |
6/3/2024 | 10% - $899,000 |
General Features
Year Built | 1971 |
---|---|
Property SubType | Multi Family |
Tax Year | 2023 |
Waterfront Features | None |
County | Lee |
Property Type | Commercial Sale |
Status | Active |
Directions | Fully occupied,bringing in $81,600 annual gross income |
City | CAPE CORAL |
Zoning Description | C1-D |
MLS Area | CC12 - Cape Coral Unit 7-15 |
Lot Size Units | Acres |
Tax Annual Amount | 9968.96 |
Property Condition | Resale |
Days on Market | 68 |
Standard Status | Active |
PostalCity | CAPE CORAL |
Legal Description | CAPE CORAL UNIT 12 BLK 508 PB 13 PG 55 LOTS 15 THRU 17 |
Interior Features
Total Stories | 1 |
---|---|
Air Conditioning Y/N | Yes |
Heating Y/N | Yes |
Exterior Features
Lot Size Area | 0.344 |
---|---|
Canal Width | None |
Building Area Total | 4350 |
Lot Size Acres | 0.344 |
Lot Size Source | Appraiser |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool