$1,065,000
$1,250,000
14.8%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
5 Baths
0.39 Acres Lot
SOLD DATE : 05/18/2024
Key Details
Sold Price $1,065,000
Property Type Multi-Family
Sub Type Quadraplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 224027974
Sold Date 05/18/24
Bedrooms 10
Full Baths 5
Originating Board Naples
Year Built 1979
Annual Tax Amount $7,037
Tax Year 2023
Lot Size 0.386 Acres
Property Description
This offering presents the opportunity to acquire 23rd Place Apartments, a fully occupied, 5-unit multi-family investment located in Cape Coral, Florida (1 of the fastest growing cities in America, ranked by multiple publications) This property offers a unit mix of (2) bedroom/ (1) bathroom apartments, each unit a spacious 945 sf up to 1,010 sf, for a building total of 4,957 square feet. All units offer low maintenance tile or LVP floors throughout, screened-in lanai, individual laundry rooms for full size washer, dryer and storage. All units are individually metered (water & electricity) for minimal landlord expenses. Capital Improvements in 2023 include brand new roof, full exterior paint, parking lot sealing and striping, air conditioning and plumbing upgrades. Interiors include all new vanities, fresh interior paint, misc plumbing, electrical and other hardware upgrades. The building comes turn-key, fully leased, all tenants on 12-month leases. There is strong local rental growth and opportunity for future rental income increases to market. There are 8 parking spaces on-site.
Location
State FL
County Lee
Area Cc14 - Cape Coral Unit 16, 18, 22-
Zoning R3-D
Interior
Heating Central Electric
Cooling Central Electric
Flooring Laminate, Tile
Exterior
Exterior Feature Other
Community Features Non-Gated
Waterfront Description None
Roof Type Shingle
Private Pool No
Building
Lot Description Other
Foundation Concrete Block
Sewer Assessment Paid
Water Assessment Paid
Others
Pets Allowed With Approval
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