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This offering presents the opportunity to acquire 24th Ave Apartments, a fully occupied, 8-unit multi-family investment located in Cape Coral, Florida. This property offers a unit mix of (4) three bedroom apartments and (4) two bedroom apartments, each unit with (2) full bathrooms. Each three bedroom unit is a spacious 1,212 square and two bedroom units 1,041 square feet. All units offer low maintenance tile floors throughout, screened-in lanai, in-unit laundry rooms for full size washer, dryer and storage. Capital Improvements include new roof installation on both buildings (2019), all 8 units with updated HVAC & Air conditioning systems (2020), full exterior & parking lot painting (2022). There are 17 parking spaces on-site. All units are individually metered (water & electricity) for minimal landlord expenses. Fully leased, with strong local rental growth and opportunity for future rental income increase. Property is not in a flood zone and did not sustain hurricane damage.
| DAYS ON MARKET | 47 | LAST UPDATED | 1/15/2023 |
|---|---|---|---|
| YEAR BUILT | 1998 | COUNTY | Lee |
| STATUS | Sold | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| LOT | 10454 sq ft |
|---|---|
| TAXES | 6941.70 |
MORTGAGE CALCULATOR
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Listed with Beycome of Florida LLC
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