Multi-Family for Sale
Catylist Listing ID: 30705711
Number of Units: 5 Units
Building Size (RSF): 7,503 SF
Sale Price: $1,033,711
Unit Price: $206,742.20 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/9/2021

Overview / Comments

All are located in NW and NE Cape Coral

Building Average Size: 1500± SF Year Built: 2002—2006
units are 3 Bedroom, 2 bath, 2 car Garage /1 unit has a Den
Building Total Size: Total 7503± SF
Property Taxes Totaling: $11,913 if paid by November 2020

Purchase Price: $1,033,711

Cape Coral is a popular community for real estate investors... with the easiest purchase being a ready made rental portfolio of single-family homes. The foreclosure crisis 10+ years ago still has a residual affect in our community making rental homes in high demand. Also, with the COVID pandemic forcing many to work from home remotely, many now are seeking to relocate to sunny Florida. There are approximately 1,000 families relocating to Florida per month. After speaking with several property managers in the area and watching the current market trends, now is the time to own rental property due to occupancies at an all time high.

Additional Details

Nearest MSA: Cape Coral-Fort Myers
County: Lee
Percent Occupied: 100%
Property Located Between: NW and NE Cape Coral
Highway Access: I 75 to Pine Island Road West
Airports: RSW Fort Myers
Site Description: 5 Single Family Homes
Area Description: NE and NW Cape Coral, North of Pine Island Road
Total Number of Buildings: 5
Property Condition: Good
Number of Stories: 1
Year Built: 2004
Roof Type: Hip
Construction/Siding: Block, Stucco
Exterior Description: Stucco
Parking Description: 2 car garage
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Internet Access: Cable
Interior Description: Tile, Carpet, Laminate
Water Service: Well
Sewer Type: Septic
Land Ownership: Land ownership is part of the purchase price

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,388 45,929 125,907
Median Age: 37.16 38.02 41.26
Households: 849 16,424 48,218


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