SoldMLS# 220066229
1 / 16$430,000
$439,000 list price
603 SE 46th LN 605
location_onCAPE CORAL, FL 33904 · Lee County
4Beds4Baths1965Built
About This Property
BUYER FINANCING FELL THROUGH. 4 unit money maker in downtown Cape Coral. Fully leased to great tenants and grossing $3750 per month. Walking distance to Downtown Cape Coral restaurants, shopping, bars, and festivals. Renovated carport, large corner lot and a shady backyard with a beautiful Mango tree. New roof. All tile throughout, new electric panels and hot water heater. Energy efficient window A/C units. Laundry hook ups in the shed would be ideal for coin op laundry for additional income. Property has a current cash on cash return of almost 10% with a 75% LTV, market rate loan. Financial analysis is attached.
infoProperty Details
- Property Type
- Quadruplex
- Year Built
- 1965
- Lot Size
- 0.23 acres
- Bedrooms
- 4
- Bathrooms
- 4
- Days on Market
- 185
- Cumulative DOM
- 585
- List Date
- Oct 29, 2020
- Sold Date
chairInterior Features
Flooring
Tile
Cooling
Ceiling Fan(s)Window Unit(s)
Heating
None
yardExterior & Lot
Construction
Concrete BlockStucco
Roof
Shingle
Waterfront
None
Mortgage calculator
$87,800 down
Loan amount $351,200
Estimated monthly principal & interest
$2,220
Estimate excludes taxes, insurance, HOA dues, PMI, lender fees, and financial advice.
Listed By
MVP Realty Associates LLC
239-963-4499