Price Reduction
Address
3318 Del Prado Boulevard S, Cape Coral, FL
Price
$ 899,000
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! Don’t 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

Property vs Commercial Average in 33904

Price
AVG $940K
$900K
Taxes
AVG $7,192
$9,968
Visits
AVG 71
71
Data Provided by Inside Real Estate®
Year Built
AVG 1982
1971

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