4708-4712 SE 5th PL #101-204 Active Save Request In-Person Tour Request Virtual Tour
Cape Coral,FL 33904
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 224027164
Style Low Rise
Year Built 1984
Annual Tax Amount $29,657
Tax Year 2023
Lot Size 0.440 Acres
Property Description
GREAT INVESTMENT PROPERTY! Located in one of the most booming areas in Cape Coral, in walking distance to the Bimini Basin, where a $120 million redevelopment project ("Bimini Square") is expected to include new luxury apartments, a waterfront restaurant, a variety of retail shops, office space, a medical facility, boat slips and more. This property consists of two buildings with 4 condo units in each building (with every unit having its own strap #) and a swimming pool between the buildings. All 8 condo units have the same size and the same layout, each with 2 bedrooms and 2 bathrooms. All units have recently been remodeled in 2024 (interior paint, new kitchen cabinets + countertops, new stainless stell appliances, full bathroom remodel) and feature tile flooring throughout (except one unit that has luxury vinyl plank). There are laundry rooms in all units and the owner owns the washer and dryers. All units are fully rented with future upside potential in the rents. The 4 units that are on the water side of the building also have screened-in lanais. Both buildings have new exterior paint. The roof was installed in 2018 (and inspected after Hurricane Ian). The Property is located right at the Rubican canal and has its own concrete boat dock and gulf access! 90 feet of new seawall were installed in 2022/2023. This gem has it all!
Location
State FL
County Lee
Area Cc12 - Cape Coral Unit 7-15
Exterior
Utilities Available Electricity Available, Sewer Available, Trash Collection, Water Available
Waterfront Yes
Waterfront Description Canal Access
Building
Story 2