Investment property with cash flow!

Multi-Family for Sale
Catylist Listing ID: 30722440
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 1,600 SF
Gross Building Area: See Agent
Sale Price: $275,000
Unit Price: $137,500 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 4/12/2021

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 Duplex with 30K in gross income with an excellent location in the CRA district close to downtown Cape Coral. The building consists of two 2 bed, 2 bath units with separate electric meters on an oversized lot. Major updates include, new roof and carport, new exterior paint, updated electrical, and updated kitchen. Schedule your showing today!

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $4,104 (Annual)
Potential Rental Income $30,000 (Annual)
Gross Operating Income $4,026 (Annual)
Net Operating Income $21,870 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Tax ID/APN: 124523C3003190470
Percent Occupied: 100%
Site Description: Excellent location in the CRA district close to downtown Cape Coral.
Number of Stories: 1
Year Built: 1968
Construction/Siding: Concrete
Laundry: In Each Unit
Air Conditioning: Window Unit
Zoning Description: R3-D
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,184 63,687 156,194
Median Age: 52.04 50.4 49.52
Households: 6,080 28,793 70,044

Contact

Photograph of Listing Agent

Jacklyn Rogers

Re/Max Trend
SWFLCA Member
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