$950,000
Active · 1 days on market · MLS# MFRA4693375
| Bedrooms | 9 |
|---|---|
| Living area | 4,240 sq ft |
| Lot size | 0.36 acres |
| Year built | 1978 |
| Property type | Quadruplex |
| Garage spaces | 0 |
| Private pool | Yes |
| Waterfront | Yes |
| Annual taxes | $8,612 |
| County | Lee |
Excellent opportunity to acquire a well maintained 5 unit multifamily property in a desirable Southeast Cape Coral location. This income producing asset features a strong unit mix of one 1 bedroom unit and four 2 bedroom units, appealing to a wide range of tenants. The property is currently generating solid rental income with several units below market, providing a clear path for increased returns through rent adjustments. Recent interior updates in select units enhance tenant appeal and support higher rental potential. Take advantage of the existing cash flow or explore the potential for short term rental use. Ideally located within walking distance to the newly renovated Jaycee Park, offering added lifestyle appeal for tenants and guests alike. Situated in an established residential area with convenient access to shopping, dining, and major roadways, the property benefits from consistent rental demand and strong occupancy trends. The layout offers functional living spaces, ample parking, and a clean, well cared for appearance that minimizes immediate capital needs. This property is well suited for investors seeking a combination of current income and future upside, with the potential to increase gross income by bringing rents to market levels in a growing Southwest Florida market.
Listing courtesy of Ralph Nudi, EPIQUE REALTY, INC.. Presented by MC Homes Realty Inc · 727432218.