4964 Viceroy ST 1-7 CAPE CORAL, FL 33904

About This Property

***EXCELLENT INVESTMENT OPPORTUNITY***VALUE ADDED POTENTIAL*** Own this 7 unit residential income property in a very convenient location in the fast-growing City of Cape Coral. Great location close to shopping, dining, Downtown & elementary school! City Clubhouse, pool, Public beach, fishing pier, tennis courts & boat ramp all within 2 miles..There are 3 single-story buildings - 4964 has 3 units, 4966 has 4 units and the 3rd building has storage and coin-operated laundry. 4,314 sq. ft. under air and 5,344 sqft. is the total area under roofs. Nice big lot 160'X125' (20,000 sq.ft.) provides lots of open space. Fully occupied, long-term tenants, and owner-managed. Current income & expense provides 7.1% Cap Rate. Financials attached in MLS. Three leases are up for renewal shortly with a $100/month/unit increase - making it to 7.5% Cap Rate! Unit interior preview, certified financial documents, and leases are provided only after a contract is accepted and signed. Seller intends to do IRS Code 1031 exchange with no cost or closing delays to Buyer. PLEASE DO NOT DISTURB TENANTS OR WALK AROUND THE PROPERTY WITHOUT AN APPOINTMENT WITH YOUR REALTOR. Thank you for your cooperation

infoProperty Details

Property Type: Multi-Family: 5+ Units
Year Built: 1968
Lot Size: 0.46 acres
Days on Market: 5
Cumulative DOM: 64
List Date: Mar 25, 2022
Sold Date: Jun 1, 2022
Annual Taxes: $12K (2021)

chairInterior Features

Cooling

Central and some window units

Heating

Central and some window units

yardExterior & Lot

Waterfront

None

$800,000