$1,065,000

About This Property

This offering presents the opportunity to acquire 23rd Place Apartments, a fully occupied, 5-unit multi-family investment located in Cape Coral, Florida (1 of the fastest growing cities in America, ranked by multiple publications) This property offers a unit mix of (2) bedroom/ (1) bathroom apartments, each unit a spacious 945 sf up to 1,010 sf, for a building total of 4,957 square feet. All units offer low maintenance tile or LVP floors throughout, screened-in lanai, individual laundry rooms for full size washer, dryer and storage. All units are individually metered (water & electricity) for minimal landlord expenses. Capital Improvements in 2023 include brand new roof, full exterior paint, parking lot sealing and striping, air conditioning and plumbing upgrades. Interiors include all new vanities, fresh interior paint, misc plumbing, electrical and other hardware upgrades. The building comes turn-key, fully leased, all tenants on 12-month leases. There is strong local rental growth and opportunity for future rental income increases to market. There are 8 parking spaces on-site.

infoProperty Details

Property Type

Quadruplex

Year Built

1979

Lot Size

0.39 acres

Bedrooms

10

Bathrooms

5

Days on Market

29

Cumulative DOM

54

List Date

Mar 25, 2024

Sold Date

chairInterior Features

yardExterior & Lot

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

Listed By

Beycome of Florida LLC

804-656-5007