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403 Hancock Bridge Pkwy 5 Unit Apartment Building $799,000 ($159,800/Unit) Cape Coral, FL 33990
Investment Highlights
- Each unit has a private backyard partitioned with vinyl fence panels
- Convenient proximity to Cape Coral City Hall, major retail centers, dining, and everyday amenities.
- Located within an established residential and commercial district, contributing to consistent rental demand.
- Centrally located along Hancock Bridge Parkway with excellent visibility in a high-traffic area of Cape Coral.
- Situated on a 0.36-acre site with off-street parking and easy access to primary corridors for commuter convenience.
Executive Summary
?? 5-PLEX INVESTOR SPECIAL – CAPE CORAL, FL
?? 403 Hancock Bridge Pkwy
?? 3 rented / 2 vacant | New Roof | All 2BR/1BA | ~850 sq. ft. each
?? Current Rent: $1,000 | Market: $1,200+ | After Reno: $1,500+
?? Potential $7,500/mo gross income after upgrades!
?? Add stackable washer/dryers + cosmetic reno = big rent boost
?? Perfect BRRRR, flip, or long-term cash flow play
?? Prime location near shops, schools & Fort Myers bridge
?? No HOA fees
Located in Flood Zone: X - The Best Flood Zone To Be In
?? DM for details or to schedule a walk-through!
?? 403 Hancock Bridge Pkwy
?? 3 rented / 2 vacant | New Roof | All 2BR/1BA | ~850 sq. ft. each
?? Current Rent: $1,000 | Market: $1,200+ | After Reno: $1,500+
?? Potential $7,500/mo gross income after upgrades!
?? Add stackable washer/dryers + cosmetic reno = big rent boost
?? Perfect BRRRR, flip, or long-term cash flow play
?? Prime location near shops, schools & Fort Myers bridge
?? No HOA fees
Located in Flood Zone: X - The Best Flood Zone To Be In
?? DM for details or to schedule a walk-through!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$36,000
|
$7.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$36,000
|
$7.35
|
| Taxes |
$7,631
|
$1.56
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$7,631
|
$1.56
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $36,000 |
| Annual Per SF | $7.35 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $36,000 |
| Annual Per SF | $7.35 |
| Taxes | |
|---|---|
| Annual | $7,631 |
| Annual Per SF | $1.56 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $7,631 |
| Annual Per SF | $1.56 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $799,000 | Building Class | C |
| Price Per Unit | $159,800 | Lot Size | 0.36 AC |
| Sale Type | Investment | Building Size | 4,899 SF |
| No. Units | 5 | Average Occupancy | 60% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1982 |
| Apartment Style | Low-Rise | Parking Ratio | 1.63/1,000 SF |
| Zoning | CORR | ||
| Price | $799,000 |
| Price Per Unit | $159,800 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 4,899 SF |
| Average Occupancy | 60% |
| No. Stories | 1 |
| Year Built | 1982 |
| Parking Ratio | 1.63/1,000 SF |
| Zoning | CORR |
Amenities
Unit Amenities
- Air Conditioning
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Smoke Free
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | 858 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 13-44-23-C1-01095.0410 | Total Assessment | $436,973 (2025) |
| Land Assessment | $82,973 (2025) | Annual Taxes | $7,631 ($1.56/SF) |
| Improvements Assessment | $354,000 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
13-44-23-C1-01095.0410
Land Assessment
$82,973 (2025)
Improvements Assessment
$354,000 (2025)
Total Assessment
$436,973 (2025)
Annual Taxes
$7,631 ($1.56/SF)
Tax Year
2024
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403 Hancock Bridge Pkwy