4015 SE 19th Ave - Apartments FOR SALE


Cape Coral, FL 33904- Caloosahatchee
$950,000 USD
239-770-7196
4015 SE 19th Ave, Cape Coral, FL for Sale
$950,000 USD
Apartments - FOR SALE
1/11
null | 7.15% Cap Rate

4015 SE 19th Ave
Cape Coral, FL 33904
Caloosahatchee


HIGHLIGHTS

  • Located Walking Distance to all new Jaycee Park
  • Short Term Rental's allowable
  • Updated Roof/Mechanicals and low maintenance exterior

OVERVIEW

Investor Opportunity in Prime SE Cape Coral Location! Well-maintained 5-unit multifamily property at 4015 SE 19th Ave offering strong in-place income with significant upside potential. Current gross rents of approximately $88,140 annually with the opportunity to increase to over $107,000+ pro forma by bringing under-market units to market rates. Property consists of a desirable unit mix of one 1-bedroom and four 2-bedroom units, with several units recently updated. Ideal for investors seeking cash flow plus value-add potential in a high-demand rental area. Centrally located near shopping, dining, and major corridors, this is a rare chance to acquire a scalable income-producing asset in Cape Coral.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$224 USD /SF

# OF UNITS

5

PRICE/UNIT

$190,000

CAP RATE

7.15%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cape Cottages SE

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

R3-D

APN/PARCEL ID

08-45-24-C1-00385.0160

ASK ABOUT THIS PROPERTY

Ralph NudiNudi Family LLCMore Info
239-770-7196

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Ralph NudiNudi Family LLCMore Info
239-770-7196

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