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937 SE 23rd Pl , 1-5

Cape Coral, FL 33990
  • $1,550,000
  • STATUS: Active
  • ON SITE: 100 Days
  • MLS #: 223085156
UPDATED: 201 min ago
$1,550,000
  • 0
    BEDS
  • 0.39
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1979
County:
Lee

School Ratings & Info

Description

This offering presents the opportunity to acquire 23rd Place Apartments, a fully occupied, 5-unit multi-family investment located in Cape Coral, Florida (1 of the Fastest growing city in America, ranked by multiple publications) This property offers a unit mix of (2) bedroom/ (1) bathroom apartments, each unit a spacious 973 square feet, for a building total of 4,868 square feet. All units offer low maintenance tile or LVP floors throughout, screened-in lanai, individual laundry rooms for full size washer, dryer and storage. All units are individually metered (water & electricity) for minimal landlord expenses. Capital Improvements in 2023 include brand new roof, full exterior paint, parking lot sealing and striping, air conditioning and plumbing upgrades. Interiors include all new vanities, fresh interior paint, misc plumbing, electrical and other hardware upgrades. The building comes turn-key, fully leased, with all tenants on 12-month leases. There is strong local rental growth and opportunity for future rental income increases. There are 8 parking spaces on-site. Listing photos are prior to tenant occupancy (taken summer of 2023) Offering memorandum Available

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The data relating to real estate for sale on this limited electronic display come in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than The Donna Mason Team | Keller Williams Elite Realty 2 are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. Data last updated 2024-02-26T00:25:40.517. Some properties that appear for sale on this website may no longer be available. For the most current information, contact The Donna Mason Team | Keller Williams Elite Realty 2, 239-357-7093, bouncedemail@boomtownroi.com. Licensed in the State of Florida.
www.donnamasonteam.com/homes/145344774
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937 SE 23rd Pl , 1-5 Cape Coral, FL 33990

  • Price: $1,550,000
  • Status: Active
  • On Site: 100 Days
  • Updated: 201 min ago
  • MLS #: 223085156
0
Beds
0
Baths
0
½ Baths
0.39
Acres
1979
Built
Neighborhood:
Cc14 - Cape Coral Unit 16,18,22-24
County:
Lee
Area:
CC14 - Cape Coral Unit 16,18,22-24
Property Description
This offering presents the opportunity to acquire 23rd Place Apartments, a fully occupied, 5-unit multi-family investment located in Cape Coral, Florida (1 of the Fastest growing city in America, ranked by multiple publications) This property offers a unit mix of (2) bedroom/ (1) bathroom apartments, each unit a spacious 973 square feet, for a building total of 4,868 square feet. All units offer low maintenance tile or LVP floors throughout, screened-in lanai, individual laundry rooms for full size washer, dryer and storage. All units are individually metered (water & electricity) for minimal landlord expenses. Capital Improvements in 2023 include brand new roof, full exterior paint, parking lot sealing and striping, air conditioning and plumbing upgrades. Interiors include all new vanities, fresh interior paint, misc plumbing, electrical and other hardware upgrades. The building comes turn-key, fully leased, with all tenants on 12-month leases. There is strong local rental growth and opportunity for future rental income increases. There are 8 parking spaces on-site. Listing photos are prior to tenant occupancy (taken summer of 2023) Offering memorandum Available
Exterior Features

Attached Garage No Building Design Multi Family Carport Desc No Covered Spaces 0 Garage No Gulf Access YN No Lot Frontage 142 Waterfront Desc None Waterfront YN No

Interior Features

Cooling YN No Fireplace No Heating No

Property Features

Business Type Residential Commercial Type Business w/Property Confidentiality Agreement Reqd Yes Electric On Property YN No Foreclosed Reo YN No Hoa Desc Yes Horse YN No Inclusions Building And Land Land Lease No Levels 1 Maximum Subject Property Sq Ft 4868 Minimum Subject Property Sq Ft 4868 MLS Naples New Construction YN No Potential Short Sale YN No Senior Community No Transaction Type Sale Zoning R3-D

Listing courtesy of Beycome of Florida LLC: 804-656-5007.
The source of this real property information is the copyrighted and proprietary database compilation of the M.L.S. of Naples, Inc. Copyright 2024 M.L.S. of Naples, Inc. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it


The data relating to real estate for sale on this limited electronic display come in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than The Donna Mason Team | Keller Williams Elite Realty 2 are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. Data last updated 2024-02-26T00:25:40.517. Some properties that appear for sale on this website may no longer be available. For the most current information, contact The Donna Mason Team | Keller Williams Elite Realty 2, 239-357-7093, bouncedemail@boomtownroi.com. Licensed in the State of Florida.
 
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The Donna Mason Team | Keller Williams Elite Realty 2
12840 University Drive
Fort Myers FL, 33907