$799,900

About This Property

JUST LISTED! Best 4-plex consideration currently on the market with excellent cash flow potential. No studios or 1 bedroom units here—All 4 are large 2 bedroom, 2 bath units. Total of 8 bedrooms and 8 baths. Properly adjusted rents = $1350/m for a total potential income of $64,800/year. Net operating income (NOI) with proper rents estimated at $53,000 with a very good CAP rate. Compare to any other multis on the market and THIS is the one to buy. Superior location to most area multis too (further South and in a desirable area) which adds to its appeal & value. A great consideration for a 1031 exchange— Always 100% occupied and always current on rents. 3 are long term. ASSESSMENTS FULLY PAID OFF, auto sprinklers, triple lot & 2 add’l storage rooms. Tenants pay all their own utilities (electric, water/sewer, cable, internet, pest control). Owner provides lawn service, irrigation. Private laundry in each unit (tenants own washer/dryers) & no stairs. Very few rental units are available in Cape Coral below $1500/m. Seize this opportunity!

infoProperty Details

Property Type

Quadruplex

Year Built

1985

Lot Size

0.34 acres

Bedrooms

8

Bathrooms

8

Days on Market

4

Cumulative DOM

53

List Date

Nov 13, 2021

Sold Date

chairInterior Features

yardExterior & Lot

Mortgage calculator

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

Listed By

Premiere Plus Realty Company

239-206-2777