4920-5004 Chiquita Blvd S - Apartments FOR SALE


Cape Coral, FL 33914
$4,500,000 USD
239-671-1014
4920-5004 Chiquita Blvd S, Cape Coral, FL for Sale
$4,500,000 USD
Apartments - FOR SALE
1/5
null | 6.4% Cap Rate

4920-5004 Chiquita Blvd S
Cape Coral, FL 33914


HIGHLIGHTS

  • Camelot Trace Apartments is a well-maintained 24-unit multifamily property located in Cape Coral’s highly desirable southwestern neighborhood.
  • Prime investment with two solid concrete block apartments, durable 2017 metal roof, and fully leased with long-term tenants, ensuring stable returns.
  • Features two-story buildings with 2-bed, 2-bath units, central A/C, separate water and electric meters, on-site parking, and select in-unit laundry.
  • Residents enjoy the proximity to area amenities such as the Camelot Isles Shopping Center, anchored by Publix, and local retailers and services.
  • Convenient access to public transit routes and seamless connections to Fort Myers and major Southern Florida markets add value.
  • Situated in a Forbes-ranked city, the area boasts rising population growth, a $72,000 median household income, and excellent quality of life.

OVERVIEW

Camelot Trace Apartments, located at 4920 – 5004 Chiquita Boulevard South, a well-maintained 24-unit multifamily property located in the highly desirable southwestern Cape Coral neighborhood. This exceptional investment opportunity comprises two solid concrete block two-story buildings, each with 12 spacious units. All apartments feature two bedrooms and two bathrooms, separate water and electric meters, and central A/C. The property boasts durable new metal roofs installed in 2017 and offers on-site parking for tenant convenience. Residents of 4920 Chiquita Boulevard South enjoy in-unit laundry rooms with hookups for full-size washers and dryers, while units at 5004 Chiquita Boulevard South come fully equipped with washers and dryers. Camelot Trace stands as a stable and promising investment that is occupied by long-term tenants. Camelot Trace is strategically located just a block away from Camelot Isles Shopping Center, which hosts national brands such as Publix, McDonald’s, Burger King, and Chase Bank, along with local services, including a law office, nail salon, and dental practice. Two Leetran public transit routes, one block from the property, provide easy access for commuters traveling throughout Cape Coral and nearby Fort Myers. The surrounding amenity-rich area features marinas, waterfront restaurants, tropical wetlands, and navigable waterways that lead directly to the Gulf of Mexico, offering endless recreational opportunities. Cape Coral was recognized as the #4 Best Place to Live in Florida by Forbes in 2024. Camelot Trace enjoys a densely populated community of 117,275 residents, with an additional daytime employee population of 30,000 within five miles. And, within a 2-miles of the multifamily asset there is a robust median household income of $72,000 and projected 16% population growth over the next four years underscoring the economic vibrancy of the area. Located just a 30-minute drive from Fort Myers and Interstate 75, the Camelot Trace offers seamless connections to major Southern Florida markets, including Tampa, Orlando, and Miami, all within a 2–3-hour drive. Cape Coral’s low cost of living, no state income tax, and an average of 266 sunny days a year contribute to an exceptional quality of life that continues to attract residents and businesses alike. Camelot Trace Apartments presents a rare opportunity for investors seeking stable returns in a flourishing market. With its prime location, solid construction, full occupancy, and proximity to essential amenities, this property is perfectly positioned for continued success in one of Florida’s most dynamic and rapidly growing cities.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$179 USD /SF

# OF UNITS

24

PRICE/UNIT

$187,500

CAP RATE

6.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Camelot Trace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

46

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,000 SF

ZONING

R3-D

APN/PARCEL ID

16-45-23-C2-04632.0340,16-45-23-C2-04632.0400

ASK ABOUT THIS PROPERTY

Mark NolanNolan Zastrow IncMore Info
239-671-1014

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Mark NolanNolan Zastrow IncMore Info
239-671-1014

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