4708-4712 SE 5th PL #101-204 Pending Save Request In-Person Tour Request Virtual Tour
Cape Coral,FL 33904
Key Details
Property Type Multi-Family
Sub Type Multi-Family: Low Rise (1-3 Floors),Multi-Family: 5+ Units
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 224027164
Originating Board Naples
Year Built 1984
Annual Tax Amount $23,350
Tax Year 2024
Lot Size 0.440 Acres
Acres 0.44
Property Description
GREAT INVESTMENT PROPERTY! Located in one of the most booming areas in Cape Coral, in walking distance to the Bimini Basin, where a $120 million redevelopment project ("Bimini Square") is expected to include new luxury apartments, a waterfront restaurant, a variety of retail shops, office space, a medical facility, boat slips and more. This property consists of two buildings with 4 condo units in each building (with every unit having its own strap #) and a swimming pool between the buildings. All 8 condo units have the same size and the same layout, each with 2 bedrooms and 2 bathrooms. All units have recently been remodeled in 2024 (interior paint, new kitchen cabinets + countertops, new stainless stell appliances, full bathroom remodel) and feature tile flooring throughout (except one unit that has luxury vinyl plank). There are laundry rooms in all units and the owner owns the washer and dryers. All units are fully rented with future upside potential in the rents. The 4 units that are on the water side of the building also have screened-in lanais. Both buildings have new exterior paint. The roof was installed in 2018 (and inspected after Hurricane Ian). The Property is located right at the Rubican canal and has its own concrete boat dock and gulf access! 90 feet of new seawall were installed in 2022/2023. This gem has it all!
Location
State FL
County Lee
Area Cc12 - Cape Coral Unit 7-15
Direction From Cape Coral Pkwy E turn north onto Palm Tree Blvd. Take second right onto SE 47th Ter. Then take third left onto SE 5th Place. Property is on the corner.
Interior
Heating Central
Cooling Central
Inclusions Building And Land,Equipment,Fixtures
Exterior
Utilities Available Electricity Available,Sewer Available,Trash Removal,Water Available
Waterfront Description Canal Front
Total Parking Spaces 12
Private Pool No
Building
Faces From Cape Coral Pkwy E turn north onto Palm Tree Blvd. Take second right onto SE 47th Ter. Then take third left onto SE 5th Place. Property is on the corner.
New Construction No
Others
Tax ID 12-45-23-C3-02800.1030