Looking for an investment property with cash flow?

Multi-Family for Sale
Catylist Listing ID: 30661027
Property Subtypes: Duplex/Fourplex, Low-Rise/Garden
Number of Units: 3 Units
Building Size (RSF): 2,444 SF
Gross Building Area: See Agent
Sale Price: $370,000
Unit Price: $123,333.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/13/2020

Overview / Comments

Looking for an investment property with cash flow? Annual Rentals are in high demand in Cape Coral and averaging 99% occupancy. Don’t miss this opportunity to own a Tri-Plex with 36K in gross income with an excellent location off of Country Club between Cape Coral Parkway and Veterans. The building consists of two 2 bed, 2 bath units and one 1 bed, 1 bath unit with separate electric meters, new exterior paint, large screened in lanais, oversized lot, updated landscaping and roof repair in 2018. Schedule your showing today!

Attachments & Media

Financials

Finance Data Year 2020
Potential Rental Income $40,200 (Annual)
Gross Operating Income $36,000 (Annual)
Net Operating Income $26,218 (Annual)

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 064524C4004860410
Property Condition: Average
Construction/Siding: Block
Lot Frontage: 116
Lot Depth: 125
Water Service: Municipal
Sewer Type: Municipal
Legal Description: CAPE CORAL UNIT 14 BLK 486 PB 13 PG 67 LOTS 41 THRU 43

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,028 74,878 186,183
Median Age: 51.8 48.35 47.16
Households: 5,176 32,871 82,075

Contact

Photograph of Listing Agent

Jacklyn Rogers

Re/Max Trend
SWFLCA Member
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