This Multifamily Property is For Sale.

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

3 Units · Multifamily For Sale

$895,000

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FLORIDA GULF ACCESS WATERFRONT RENTALS

Price $895,000 Property Sub-type Garden/Low-Rise
No. Units 3 Property Use Type Investment
Building Size 3,300 SF Cap Rate 8.50%
Price/Unit $298,333.33 Occupancy 100%
Property Type Multifamily Lot Size 18,000 SF
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Listing ID: 17464138 Date Created: 12/23/2011 Last Updated: 02/17/2016

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...

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

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