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$ 689,000
Est. payment | /mo
4,443 SqFt
$ 689,000
Est. payment | /mo
4,443 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,443 sqft
Price per Sqft $155
MLS Listing ID 2025017213
Style Resale Property
HOA Y/N No
Year Built 1983
Annual Tax Amount $8,341
Tax Year 2024
Lot Size 0.344 Acres
Acres 0.344
Source Florida Gulf Coast
Land Area 4443
Property Description
Five unit Waterfront Multifamily property located along Skyline Blvd in a Desirable SW Cape Coral Location. The Unit Mix Includes (4) 2BR/1BA units and (1) 1BR/1BA unit. Well Maintained with a new Roof in 2023 and new Kitchens & Bathrooms in some units. Four units enjoy private screened lanai's with water views. The property enjoys a stable, long term rent roll where rent increases have been modest. Upside potential exists by bringing rents to current market values. The Property sits directly across the street from a Wal-Mart Grocery store as well as other small retail venues. There are 9 Parking Stalls providing ample tenant parking. The property is located within close proximity to Public Transportation. Tremendous Population growth in Cape Coral is well documented and rental demand is strong.
Location
State FL
County Lee
Zoning R3-W
Interior
Cooling true
Inclusions Building And Land
Fireplace No
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Waterfront Description Canal Front,Fresh Water
Total Parking Spaces 9
Garage No
Building
Story 1
Level or Stories 1
New Construction No
Others
Senior Community No
Tax ID 02-45-23-C4-01752.0010
Listed by Jo Hardwick Realty Inc • Rob Greig