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Property Tours will be held April 16th and April 23rd from 10:00 AM to 1:00 PM and also by appointment. For all showings, please contact the listing broker. Auction.com and Ed Bonkowski Inc. are pleased to present the opportunity to acquire 83 residential condominium units located within the Isles of Porto Vista community in Cape Coral, Florida. The 83 units are scattered across 18 three-story buildings in the 216-unit community, which offers affordable luxury in a private gated community as well as amenities including a resort style pool, fitness room and clubhouse. The spacious units with an average size of 1,425 square feet were built in '06 and '07 and are presently 99% leased at below market rents.The offering provides interested parties with the opportunity to gain significant exposure to a recovering real estate market while benefiting from current in-place income. The other 133 third party owned units were purchased in '06 and '07 for an average of approximately $215,000 per unit implying substantial value appreciation potential. In addition below market rents will allow investors to increase current income.
GREATEST WATERFRONT CANAL LOCATION IN CAPE CORAL WITH DIRECT ACCESS TO THE GULF, breathtaking VIEW.COMPLETE VACATION AMBIANCE, relaxing & quiet; BRING YOUR BOAT AT YOUR DOOR, choose your unit, within this 240 feet Waterfront Cape Coral 12 X 2/2 units of +-1250sf + 148sf screen porch IN 3x-2 story buildings of 4 units each, 5 boat docks (10 slips)& water/sewer hookup; Large in ground pool open kitchen. PARC IN Front of the buildings, parking +-30 spaces in front. Central a/c, individual unit billing utilities ( electricity and water). Renovations; New ROOF shingle building #2, New modern Ext& Int paint,4 New Ac ,Reconditioned 8 units, Lattices redone, Rails redone in factory with magnetic paint, New soffit & fascia in all 3 buildings, New doors, ALL New toilets, most baths refreshed, some units with new ceramics tiles, some units with new carpeting. Some with existing terrazzo. New pool pump, electricity & plumbing partly redone. The apartments are in the process of getting ready for permit of occupancy apt rent $1000-$1500/mthly. Property PROJECTED ANNUAL INCOME $185000.
* 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
Large spacious beautiful Gulf Access Condominium 18 Units in the desirable SW section of Cape Coral. The top floor units are approximately 2,194 s.f. and the bottom units are 1,751 s.f.. Built in 2006/07, all units have dedicated wrap around gulf access docks, lanais with canal views, two car garages, granite counter tops in Kitchen and in 2.5 bathrooms. Units are 100% rented with monthly rental rates of $1,300. The complex includes two addresses, 714 and 716 SW 47th St. Units may also be bought individually as well as in bulk purchases. Financial information available upon request.
Great simple investment, nice return, Single Family home. Currently leased until August 2014. Easy to lease, great three bedroom two bath home, with living and family room, screen lanai and fenced yard. In the heart of Cape Coral, blocks from shopping, transportation, minutes to Fort Myers. Professionally managed. Management will/can stay on. Tenant pays $1000 a month and all utilities. Home clean with nice updates and large trees.
This 6 unit, two story complex has 4,818 SF of rentable area. Unit Breakdown: Four 1 bedroom and 1 bath (approx. 800 SF each) Two 2 bedroom and 1 bath (approx. 1,000 SF each) Built in 1984, the property is zoned R-3 (multifamily) and conveniently located between two major east-west highways in Cape Coral.
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.
A rare find. 8 Town home units with gulf access and deeded boat slips currently available. Straight shot to the river and just minutes away. The project was built in 2008 and offers great potential for seasonal rentals. Unit features include: granite tops, wood cabinets, semi-custom master shower, tray ceilings, 1 car attached garage, and conveniently located. Utilities in and paid. Exterior of both buildings were recently painted.
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GREAT DUPLEX LOCATED IN SOUTH WEST CAPE.. RENTERS ARE READY TO MOVE IN.. CURRENTLY IN THE MIDDLE OF A REMODEL.. WILL BE MOVE IN READY AT TIME OF COMPLETION.. WILL BE DONE IN THE NEXT SEVEN DAYS.. PRICED TO SELL. As of 10/9/2014 , The left side unit is occupied with renter. Please call listing agent with showing appointment.