4520 Se 5th Pl, Cape Coral, FL 33904

$1,750,000
6
BD
6
BA

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List Price
$1,750,000
Listing Price
$1,750,000
Price Change
▼ $150,000 1781661858
Days on Market
199
MLS#
226000602
Development
Cape Coral
Building Design
Triplex
County
Lee
Region
CC12 - Cape Coral Unit 7-15
Development
Cape Coral
Subdivision
Cape Coral
Year Built
1979
Total Area
18,556
Acres
0.43

Property Description

Here's a rare opportunity to acquire a waterfront 3-unit multifamily property with future development potential on the heart of downtown Cape Coral. The Property features 3,440 SF on .43 acres, with spacious 1,100 SF units, ample parking, and a 130' seawall with dock on a 200' wide Gulf-access canal. Two of the units are currently vacant, creating immediate flexibility for longer, seasonal, or short-term strategies, while the site offers the availability to add up to four additional units. With walkable access to restaurants and shopping and supported by Cape Coral's strong population growth and rental demand, this asset offers both stable cash flow and value-add upside.

Additional Information

Units
3
Bathrooms
6
Lot Description
See Remarks
Construction
Concrete Block, Stone
Amenities
None, Non-Gated
Windows
Other
Exterior Features
Dock, None
Water
Central
Sewer
Central
Cooling
Central Electric
Irrigation
Other
Waterfront Description
Bridge(s)/Water Indirect, Canal Front
Boat Access
Dock

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Calculator source: Real Geeks

Listing courtesy of Local Real Estate LLC.