Looking for an investment property with cash flow?
Multi-Family
for Sale
Sale Pending
| Catylist Listing ID: |
30661027 |
| Property Subtypes: |
Duplex/Fourplex, Low-Rise/Garden
|
| Status: |
Pending |
| 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: |
1/14/2021 |
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!
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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 |
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 |
|
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