Description
Excellent opportunity to acquire a well maintained 5 unit multifamily property in a desirable Southeast Cape Coral location. This income producing asset features a strong unit mix of one 1 bedroom unit and four 2 bedroom units, appealing to a wide range of tenants. The property is currently generating solid rental income with several units below market, providing a clear path for increased returns through rent adjustments. Recent interior updates in select units enhance tenant appeal and support higher rental potential. Take advantage of the existing cash flow or explore the potential for short term rental use. Ideally located within walking distance to the newly renovated Jaycee Park, offering added lifestyle appeal for tenants and guests alike. Situated in an established residential area with convenient access to shopping, dining, and major roadways, the property benefits from consistent rental demand and strong occupancy trends. The layout offers functional living spaces, ample parking, and a clean, well cared for appearance that minimizes immediate capital needs. This property is well suited for investors seeking a combination of current income and future upside, with the potential to increase gross income by bringing rents to market levels in a growing Southwest Florida market.
Details
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Property ID A4693375
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Price $950,000
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Land Area 0.36 Acres
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Bedrooms 9
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Bathrooms 5
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Year Built 1978
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Property Type Quadruplex, Residential Income
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Property Status Active
Additional details
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Roof Membrane, Shingle
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Utilities Cable Available, Cable Connected, Electricity Connected
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Sewer Public Sewer
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Cooling Central Air
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Heating Electric
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County Lee
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Property Type Residential Income
Address
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Address: 4015 SE 19TH AVENUE
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City: Cape Coral
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State/county: FL
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Zip/Postal Code: 33904
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Area: CAPE CORAL
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Country: US
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Mama Marie’s Italian Cuisine (0.99 mi)
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