Active

$950,000

Features:
  • 9 Bedrooms
  • 5 Bathrooms
  • 4240 sq ft
Overview
  • ID: MFRA4693375
  • Bedrooms: 9
  • Bathrooms: 5
  • Size: 4240 sq ft
Property Details
Remarks
Excellent opportunity to acquire a well maintained 5 unit multifamily property in a desirable Southeast Cape Coral location. This income producing asset features a strong unit mix of one 1 bedroom unit and four 2 bedroom units, appealing to a wide range of tenants. The property is currently generating solid rental income with several units below market, providing a clear path for increased returns through rent adjustments. Recent interior updates in select units enhance tenant appeal and support higher rental potential. Take advantage of the existing cash flow or explore the potential for short term rental use. Ideally located within walking distance to the newly renovated Jaycee Park, offering added lifestyle appeal for tenants and guests alike. Situated in an established residential area with convenient access to shopping, dining, and major roadways, the property benefits from consistent rental demand and strong occupancy trends. The layout offers functional living spaces, ample parking, and a clean, well cared for appearance that minimizes immediate capital needs. This property is well suited for investors seeking a combination of current income and future upside, with the potential to increase gross income by bringing rents to market levels in a growing Southwest Florida market.
Financial Considerations
Price:
$950,000
HOA Fee:
N/A
Tax Amount:
$8612.45
Price per SqFt:
$224.06
Tax Legal Description:
CAPE CORAL UNIT 7 BLK 385 PB 12 PG 112 LOTS 16 THRU 18
Exterior Features
Lot Size:
15769
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Membrane, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
9
Bathrooms:
5
Heating:
Electric
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
Quadruplex
Style:
N/A
Year Built:
1978
Construction Type:
Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Courtyard
Additional Features 2:
N/A
Map
  • Address
    4015 SE 19TH AVE #5-9
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