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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.
** OFFERS DUE 4pm ET FRIDAY, JUNE 20, 2014 ** Cape Coral Apartments is a 16-unit waterfront multi-family investment property located in one of the tightest rental markets in Florida. Completed in 1973 and renovated in 2010, this uniquely-situated property offers investors the opportunity to acquire one of the only waterfront rental communities in Cape Coral. Within walking distance to the central Cape Coral downtown district, this well-maintained property is 100% occupied and offers investors multiple revenue enhancement options. The combination of the historically strong occupancy and distinct location, positions Cape Coral to benefit from the continued robust rental market and scarcity of supply. The floorplans include one- and two-bedroom units with a spacious average unit size of 900 square feet. In addition, there is a guest studio not shown in the unit mix. All units have tile flooring, central air conditioning, and views of the canal and pool. Current ownership has invested nearly one-half million dollars in replacing air conditioning units, updating unit interiors, appliances, cabinets, and countertops, as well as installing electric service submete
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.
28 units Total in 4 Buildings. 3 Buildings - 6 units 2bed/2bath in unit Washer/Dryer. 1 building - 10 units 2bed/1bath On Site Coin Laundry. All tile floor throughout. ALL buildings live like new and ALL buildings are very well maintained. 2.38% Vacancy Rate. Tenants very satisfied- Many Long Term Tenants. Great investment opportunity. Total of 4 buildings all in Cape Coral. 4120 Skyline Blvd, 4137 Skyline Blvd, 4606 SE 5th Ave., 1126 SW 47th Terrace. Monthly Pro-Forma Attached to MLS. Other Supporting Financial Documentation Available Upon Request