Seven Property Multi-Family Portfolio
Cape Coral, FL Pelican

$3,999,000 USD

Multifamily For Sale • 21,708 SF

7 Properties View all

Property Details

Property Type Multifamily

0 Transit Score

43 Walk Score

                
                    Highlights
                
                                 100% occupied, seven-property multifamily portfolio consisting of four quadplexes and three duplexes
                            
                                Current annual gross rental income of $447,360 with a pro forma cap rate of 7.3% (assuming 35% OpEx ratio)
                            
                                Total of 22 units, with an average monthly rent of $1,695 per unit ($1.73 PSF)
                            
                                21,708 Sq. Ft. total with an average unit size of 987 Sq. Ft.
                            
                                Well-maintained under long-term ownership with ongoing capital improvements
                            
                                Conveniently located across two Cape Coral neighborhoods with convenient access to major commercial corridors