225 Cape Coral Pky E - Multi-Family FOR SALE


Cape Coral, FL 33904- Caloosahatchee
$525,000 USD
239-771-0525
225 Cape Coral Pky E, Cape Coral, FL for Sale
$525,000 USD
Multi-Family - FOR SALE
1/25

225 Cape Coral Pky E
Cape Coral, FL 33904
Caloosahatchee


HIGHLIGHTS

  • developmet
  • multifamiluy

OVERVIEW

Income Today, Upside Tomorrow!! This existing duplex includes a one-car attached garage on one side and offers multiple possibilities for rental income, expansion, or future redevelopment. The multifamily property includes additional land that may provide the opportunity to construct another duplex while retaining the existing structure. You may also consider removing the existing improvements and redeveloping the combined property for multiple residential units, potentially more than four units, depending on allowable density, setbacks, parking, utilities, site-plan requirements, and final approval from the City of Cape Coral. Buyers should independently verify all development possibilities with the City. DO NOT DISTURB TENANTS!!!! YOU MUST CALL LISTING AGENT FOR SHOWING AND ACCESS dog on premises. Recent permit history includes a Re-roof completed in 2022 and re-piping work completed in 2004 for both sides. Tenants are month to month.

FOR SALE DETAILS

PRICE

$525,000 USD

# OF UNITS

2

PRICE/UNIT

$262,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

225-227 cape coral pkwy E

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

-

APN/PARCEL ID

13-45-23-C1-00228.0440

ASK ABOUT THIS PROPERTY

Jeannette Di LeoRealty One Group MVPMore Info
239-771-0525

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

Jeannette Di LeoRealty One Group MVPMore Info
239-771-0525

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