202 SE 24th AVE 1-5, Cape Coral, Florida, 33990

Located in a popular rental corridor, this 5 unit money maker is offered at a 8.7% Cap Rate. The 2 bed 1 bath units are just under 1,000 sq ft. with W/D inside each unit. Annual leases with longer term tenants. Electric and water paid by tenants. Strong current NOI still offers very good upside potential. Financials attached. Could be a good fit for a Self Directed RE IRA. Additional pictures coming.

Pending Sale

$475,000

Multi-family

0.34 Acres

MLS

219079478

Built in 1980

6281.00 (2018)

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ADDRESS & DIRECTIONS

  • Street Address: 202 SE 24th AVE 1-5
  • City: Cape Coral
  • State: Florida
  • County: Lee
  • Directions:
    10 minutes from Cape Coral Hospital, City Hall & Police Station. 15 minutes from downtown Ft Myers River District.

PROPERTY FEATURES

General Information

  • Property Highlights : Tenant paid water & electric. W/D in each unit, solid rent roll.

Heating /Cooling Features

  • Has Heating
  • Heating Reamrks : Central
  • Has Cooling
  • Cooling Reamrks : Central

Rooms Information

  • Number Of Spaces Units : 5

Utility Information

  • Utilities Available : Electric,Sewer,Trash Removal,Water

Commercial Features

  • Commercial Type : Commercial Only

Other Features

  • Legal Description : CAPE CORAL UNIT 18 BLK 1363 PB 13 PG 117 LOTS 32 THRU 34
  • Zoning Code : R3-D
  • Parcel Number : 17-44-24-C2-01363.0320

SCHOOLS NEAR 202 SE 24th AVE 1-5

  • Courtesy of Realtors Edge Real Estate LLC, Jim Hoffmann
  • Property last updated on SWFL : 12/6/2019 9:10:12 AM