$2,320,000

About This Property

This offering presents the opportunity to acquire 24th Ave Apartments, a fully occupied, 8-unit multi-family investment located in Cape Coral, Florida. This property offers a unit mix of (4) three bedroom apartments and (4) two bedroom apartments, each unit with (2) full bathrooms. Each three bedroom unit is a spacious 1,212 square and two bedroom units 1,041 square feet. All units offer low maintenance tile floors throughout, screened-in lanai, in-unit laundry rooms for full size washer, dryer and storage. Capital Improvements include new roof installation on both buildings (2019), all 8 units with updated HVAC & Air conditioning systems (2020), full exterior & parking lot painting (2022). There are 17 parking spaces on-site. All units are individually metered (water & electricity) for minimal landlord expenses. Fully leased, with strong local rental growth and opportunity for future rental income increase. Property is not in a flood zone and did not sustain hurricane damage.

infoProperty Details

Property Type

Multi-Family: 5+ Units

Year Built

1998

Lot Size

0.24 acres

Days on Market

0

Cumulative DOM

47

List Date

Nov 29, 2022

Sold Date

Jan 15, 2023

Annual Taxes

$7K (2021)

yardExterior & Lot

Mortgage calculator

Estimate excludes taxes, insurance, HOA dues, PMI, lender fees, and financial advice.

Listed By

Beycome of Florida LLC

844-239-2663