4708-4712 Se 5th Pl 101-204, CAPE CORAL

$2,299,000

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0 Bed
0 Bath
.44 Acre
0 Garage

GREAT INVESTMENT PROPERTY! Located in one of the most booming areas in Cape Coral, in walking distance to the Bimini Basin, where a $120 million redevelopment project ("Bimini Square") is expected to include new luxury apartments, a waterfront restaurant, a variety of retail shops, office space, a medical facility, boat slips and more. This property consists of two buildings with 4 condo units in each building (with every unit having its own strap #) and a swimming pool between the buildings. All 8 condo units have the same size and the same layout, each with 2 bedrooms and 2 bathrooms. All units have recently been remodeled in 2024 (interior paint, new kitchen cabinets + countertops, new stainless stell appliances, full bathroom remodel) and feature tile flooring throughout (except one unit that has luxury vinyl plank). There are laundry rooms in all units and the owner owns the washer and dryers. All units are fully rented with future upside potential in the rents. The 4 units that are on the water side of the building also have screened-in lanais. Both buildings have new exterior paint. The roof was installed in 2018 (and inspected after Hurricane Ian). The Property is located right at the Rubican canal and has its own concrete boat dock and gulf access! 90 feet of new seawall were installed in 2022/2023. This gem has it all!

Essential Information

MLS® #
224027164
Price
$2,299,000
Bathrooms
0.00
Square Footage
0.00
Acres
0.44
Year Built
1984
Type
Commercial Sale
Sub-Type
Multi Family
Style
Low Rise
Status
Active

Community Information

Address
4708-4712 Se 5th Pl 101-204
Area
CC12 - Cape Coral Unit 7
City
CAPE CORAL
County
Lee
State
FL
Zip Code
33904

Amenities

Is Waterfront
Yes
Waterfront
Canal Access

Utilities

Electricity Available, Trash Collection, Sewer Available, Water Available

Interior

# of Stories
2

Additional Information

Days on Market
103
HOA Fees
0.00

Listing Details

Office
Premiere Plus Realty Company
Property History
Price Reduced from $2,490,000 to $2,299,000Price Reduced from $2,490,000 to $2,299,000Price Increased from $2,299,000 to $2,490,000

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