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Large assemblage, approximately 23 acres, of Multi-Family buildings and land in the downtown Community Redevelopment Area in the City of Cape Coral. Assemblage includes approximately 4 city blocks, bordering Cape Coral Pkwy from Tarpon Court to Coronado Pkwy. Existing income producing multi-family rentals to cover costs prior to redevelopment. Significant mixed use development entitlements and public benefits in the City's CRA. Land use, Downtown Mixed, and zoning, South Cape, allow 20 du per acre and 2.0 FAR baseline for commercial. Will consider investors and large subdivisions.
* 40 RENTABLE UNITS * 8 Apartments, 4 owned RVs, 32 Pads Total * 76,300 s/f, Sub-Surface Land Lease Included * City Water and Sewer * Close To Golf, Beaches, Malls & Airport * Immediate Cash Flow Fully Rented * Easily Rented Usually a Waiting List * At Foot of The Fishin' st Bridge in The World * Restaurants, Art Galleries & Gift Shops * Boat & Kayak Rentals Right Nearby * World Class Fishing Tarpon, Snook, etc. * Landmark Facility (70+ yrs) * Up Side in Future Redevelopment
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10 UNITS LEFT WILL SPLIT FOR 1031 EXCHANGES Residential Income Package of SFH's. All but one built after '2004. 1450-2000+ Sq Ft. All units are on mo. to mo. and can be converted into yearly leases before closing if buyer so chooses. PROPERTY ADDRESSES: 710 NW 19TH CT 2031 NW 6TH TER 1815 NW 9TH AVE 1420 NW 20TH TER 2329 NW 11TH CT 203 NW 13TH ST 2204 SW 14TH PL 1213 NE 7TH PL 511 NE 1ST AVE 1328 NE 8TH PL