937 23rd Pl 1-5 , CAPE CORAL, FL 33990
CAPE CORAL, FL 33990
Description
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.
Details
| MLS# | 224027974 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Status | Active |
| Year | 1979 |
| Days On Site | 295 |
| Listing Provided By | Beycome of Florida LLC | Steven Koleno |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 5 Total |
| Acreage | 0.39 |
Market Activity 33990
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Learn More About This Property
| State | FL |
|---|---|
| County | Lee |
| City | CAPE CORAL |
| Zip Code | 33990 |
| Area | Lee |
| Listing VS Median (in 33990) | |
Price: $1,250,000 low | high Med: $360,000 On Site: 295 low | high Med: 94.000000 | |