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Skyline Apartments 907 Skyline Blvd 24 Unit Apartment Building $6,700,000 ($279,167/Unit) 6.33% Cap Rate Cape Coral, FL 33991
Investment Highlights
- This Class A trophy asset is a newly built, concrete-constructed property that offers exceptional durability and modern design.
- Ideally positioned less than two miles from the exclusive Palmetto Pine Country Club, it provides residents with access to premier amenities.
- Featuring spacious two-bedroom, two-bathroom units, the property has maintained a historically high occupancy rate.
- Proximity to major retail destinations and top-rated school systems enhances its long-term investment appeal.
Executive Summary
Skyline Apartments is a premier two-story, Class A apartment community situated in Cape Coral, Florida. Constructed in 2022 with durable concrete, this modern asset spans approximately 1.5 acres. The community comprises 24 spacious units, each offering a two-bedroom, two-bathroom layout and nearly 1,000 square feet of living space. Every unit is equipped with a washer and dryer, as well as a private outdoor lanai. Strategically located off Skyline Boulevard, a major thoroughfare in Cape Coral, Skyline Apartments provides residents with convenient access to nearby schools, restaurants, shopping centers, and other essential retail and commercial businesses. This property represents a rare opportunity to acquire a newly constructed asset in one of the nation’s fastest-growing cities.
Property Facts
| Price | $6,700,000 | Building Class | C |
| Price Per Unit | $279,167 | Lot Size | 1.50 AC |
| Sale Type | Investment | Building Size | 24,000 SF |
| Cap Rate | 6.33% | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Parking Ratio | 2.21/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RMF - Residential, Multiple Family | ||
| Price | $6,700,000 |
| Price Per Unit | $279,167 |
| Sale Type | Investment |
| Cap Rate | 6.33% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.50 AC |
| Building Size | 24,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2022 |
| Parking Ratio | 2.21/1,000 SF |
| Zoning | RMF - Residential, Multiple Family |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Heating
- Oven
Site Amenities
- Elevator
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 24 | - | 1,000 |
1 1
Property Taxes
| Parcel Number | 22-44-23-C2-04487.0090 | Improvements Assessment | $3,422,804 |
| Land Assessment | $522,368 | Total Assessment | $4,035,360 |
Property Taxes
Parcel Number
22-44-23-C2-04487.0090
Land Assessment
$522,368
Improvements Assessment
$3,422,804
Total Assessment
$4,035,360
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Skyline Apartments | 907 Skyline Blvd
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