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The Villas at Mango 1107 SE 38th St 2 Unit Apartment Building $899,000 ($449,500/Unit) 4.74% Cap Rate Cape Coral, FL 33904
Investment Highlights
- Gulf Access
- 2025 Construction with No HOA Fees
- Seawall in Place
Executive Summary
GULF ACCESS -Building consists of two identical Villas 3/2 each with a 2-car garage attached. Approximate 4000 square feet building with Gulf Access in CAPE CORAL, FL. Units are new construction and have not been rented as if yet. CO was issued in 2025. As an upside, builder splitted the lot and each unit has an individual folio number and electric and water meter, therefore, each unit can be marketed and sold individually. Excellent for a rental portfolio or short term rentals. (Buyers must complete due diligence with city if Cape Coral regarding short term rentals.). Adjacent building also available as a bulk sale (it comprises additional two units). Call listing agent for price and additional information. Adjacent building available at $990,000. Both buildings with total of 4 Luxury units for $1,865,000.00)
Property Facts
| Price | $899,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $449,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 4.74% | Building Size | 3,900 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 0% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 1.28/1,000 SF |
| Zoning | Multifamily - Zoned duplex. Splitted into individual units with individual folios. | ||
| Price | $899,000 |
| Price Per Unit | $449,500 |
| Sale Type | Investment |
| Cap Rate | 4.74% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 3,900 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 2025 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | Multifamily - Zoned duplex. Splitted into individual units with individual folios. |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Kitchen
- Refrigerator
Site Amenities
- Storage Space
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+4 | 2 | - | 1,950 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 06-45-24-C4-00541.0320 | Improvements Assessment | $0 |
| Land Assessment | $93,749 | Total Assessment | $93,749 |
Property Taxes
Parcel Number
06-45-24-C4-00541.0320
Land Assessment
$93,749
Improvements Assessment
$0
Total Assessment
$93,749
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Contact the Sale Advisor
The Villas at Mango | 1107 SE 38th St