4520 S.E. 5TH PLACE, Cape Coral, FL, 33904 - Available for Sale

Multifamily For Sale

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FLORIDA GULF ACCESS WATERFRONT RENTALS

4520 S.E. 5TH PLACE, Cape Coral, FL 33904

$895,000

3 Units | Multifamily

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Multifamily Property For Sale

Price:
$895,000
No. Units:
3
Building Size:
3,300 SF
Price/Unit:
$298,333.33
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
8.50%
Occupancy:
100%
Lot Size:
18,000 SF
Listing ID
17464138
Last Updated
13 days ago

Find Out More...

Description

THIS BUILDING IS IN EXCELLENT CONDITION. EACH UNIT IS APPROX. 1100 FT.THERE IS ROOM FOR AN ADDITIONAL 3-4 UNITS..OWNER HAS INSTALLED NEW ROOF, DOORS,WINDOWS, KITCHENS ,BATHS..THIS HAS BEEN USED AS AN ANNUAL RENTAL AND SEASONAL RENTAL..WEEKLY RETURNS ARE THE BEST USE, ALL TOURISTS..DURING THE BETTER DAYS THE OWNER HAD OFFER AS HIGH AS 1.3 MILLION...DUE TO ITS EXCELLENT LOCATION...THIS IS AN ABSOLUTE GREAT BUY FOR THE LOCATION ON THE WATER...

LOCATED WALKING DISTANCE TO DOWNTOWN CAPE CORAL...5 MINUTES TO BEACH..QUIET DEAD END STREET...WALK TO EVERYTHING..ONLY 20 MMINUTES TO THE ISLANDS...SANIBEL, ESTERO, PINE ISLAND...

Financial Summary

  • Actual
  • $67,575

Map of 4520 S.E. 5TH PLACE, Cape Coral, FL 33904 (Lee County)

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Asking Price Index Trends for Cape Coral, FL Multifamily For Sale

  Jun 14 vs. 3 mo.
prior
Y-O-Y
-
State
$71,643+4.0%+8.9%
-
Metro
$69,286+12.6%+14.8%
-
County
$69,286+12.6%+14.8%

View Cape Coral Market Trends for other property types for sale or lease. Learn more about the chart info.

Created 12/23/2011
FLORIDA GULF ACCESS WATERFRONT RENTALS
  • Multifamily
  • $895,000
  • 3 Units
  • 3,300 SF