937 SE 23rd Place 937 SE 23rd Pl 5 Unit Apartment Building $825,000 ($165,000/Unit) Cape Coral, FL 33990

LSI Companies is pleased to present this fully occupied five-plex, offering investors a turnkey, low-maintenance income stream in one of Southwest Florida’s fastest growing rental markets.
The property is comprised of five 2-bedroom/1-bathroom units with an annual gross income of $94,200. Ownership has recently invested significantly in the asset, including a new roof, hurricane-resistant impact windows throughout, fully renovated bathrooms, full exterior paint, parking lot reseal and stripe, and replacement of all A/C units, substantially reducing near-term capital exposure for a new buyer.
All units offer a screened-in lanai, individual laundry rooms, and low maintenance tile or LVP floors throughout. With 100% occupancy, low operating costs, and long-term tenants with 12-month lease structures, the property presents a stabilized, hands-off opportunity ideally suited to investors seeking steady cash flow with limited deferred maintenance.
KEY PROPERTY HIGHLIGHTS:
• Fully occupied five-plex
• AGI of $94,200 with average monthly rents of $1,570/unit
• Long term tenants on staggered 12-month agreements
• Minimal landlord expenses — all units individually metered with tenants paying utilities
• Major recent capital improvements completed including new roof, all new A/C units, impact windows, and more
• 4,957± square feet in total with an average unit size of 991± square feet
• Low-maintenance, tenant-friendly design
• Located in a established neighborhood near major commercial hubs
• No history of flood damage
LOCATION HIGHLIGHTS:
?• 0.1± miles to Viscaya Parkway
• 1.1± miles to Del Prado Boulevard
• 3.3± miles to Pine Island Road
• 3.9± miles to US-41
• 5.7± miles to Downtown Fort Myers
• 6.1± miles to Downtown Cape Coral
• 10.6± miles to I-75
• 21.5± miles to SWFL International Airport (RSW)