$800,000
$899,000
11.0%For more information regarding the value of a property, please contact us for a free consultation.
4,350 SqFt
SOLD DATE : 08/30/2024
Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,350 sqft
Price per Sqft $183
MLS Listing ID 224028807
Sold Date 08/30/24
Construction Status Resale
HOA Y/N No
Year Built 1971
Annual Tax Amount $9,968
Tax Year 2023
Lot Size 0.344 Acres
Acres 0.344
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!
Location
State FL
County Lee
Area Cc12 - Cape Coral Unit 7-15
Rooms
Bedroom Description NaN
Interior
Furnishings Unfurnished
Fireplace No
Exterior
Waterfront No
Waterfront Description None
Garage No
Building
Story 1
Construction Status Resale
Others
Senior Community No
Tax ID 06-45-24-C2-00508.0150
Financing Conventional
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