Cape Coral, FL 33990,937 23rd PL 1-5
Cape Coral, FL 33990,937 23rd PL 1-5
Cape Coral, FL 33990,937 23rd PL 1-5
Cape Coral, FL 33990,937 23rd PL 1-5
Cape Coral, FL 33990,937 23rd PL 1-5
Cape Coral, FL 33990,937 23rd PL 1-5
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$1,065,000

$1,250,000

14.8%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

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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Listed by Beycome of Florida LLC
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