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Lexington Condos 1031 SE 9th St 12 Unit Apartment Building $1,850,000 ($154,167/Unit) 6.26% Cap Rate Cape Coral, FL 33990
Investment Highlights
- Centrally located in Cape Coral, just off of Viscaya Parkway and close to Del Prado Boulevard.
- Close proximity to Cape Coral Hospital and to Cape Coral City Hall.
Executive Summary
The Lexington is a 16 unit residential condo community that is an amazing investment opportunity.
Property Facts
| Price | $1,850,000 | Lot Size | 0.91 AC |
| Price Per Unit | $154,167 | Building Size | 10,602 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6.26% | No. Stories | 1 |
| No. Units | 12 | Year Built | 1984 |
| Property Type | Multifamily | Parking Ratio | 3.1/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | Parcel Number | 19-44-24-C1-00400.00CE |
| Building Class | C | ||
| Zoning | R2 - Multifamily | ||
| Price | $1,850,000 |
| Price Per Unit | $154,167 |
| Sale Type | Investment |
| Cap Rate | 6.26% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.91 AC |
| Building Size | 10,602 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1984 |
| Parking Ratio | 3.1/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2 - Multifamily |
| Parcel Number | 19-44-24-C1-00400.00CE |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Trash Pickup - Curbside
- Walking/Biking Trails
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
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Lexington Condos | 1031 SE 9th St
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