4708 SE 5th Pl - Apartments FOR SALE


Cape Coral, FL 33904- Caloosahatchee
$2,299,000 USD
239-823-9916
4708 SE 5th Pl, Cape Coral, FL for Sale
$2,299,000 USD
Apartments - FOR SALE
1/30
null | Request Cap Rate

4708 SE 5th Pl
Cape Coral, FL 33904
Caloosahatchee


HIGHLIGHTS

  • Common swimming pool shared by the two buildings
  • 135 feet of seawall/water frontage with concrete boat dock
  • All Units completely remodeled
  • Walking distance to Bimini Basin, Cape Coral Pkw E and restaurants, shops, entertainment

OVERVIEW

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! Walking distance to Bimini Basin, Cape Coral Pkw E and restaurants, shops, entertainment.

FOR SALE DETAILS

PRICE

$2,299,000 USD

PRICE/SF

$112 USD /SF

# OF UNITS

8

PRICE/UNIT

$287,375

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

-

APN/PARCEL ID

12-45-23-C3-02800.00CE,12-45-23-C3-02800.1010,12-45-23-C3-02800.1030

ASK ABOUT THIS PROPERTY

Frank DittscharPremiere Plus RealtyMore Info
239-823-9916

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Frank DittscharPremiere Plus RealtyMore Info
239-823-9916

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.