4520 SE 5th Place, Cape Coral, FL 33904
- $1,750,000
- 6
- BD
- 6
- BA
- 3,300
- SqFt
- List Price
- $1,750,000
- Status
- ACTIVE
- MLS#
- 226000602
- Price Change
- ▼ $150,000 1781662836
- Bedrooms
- 6
- Bathrooms
- 6
- Living Area
- 3,300
- Development
- Cape Coral
- Subdivision
- Cape Coral
Property Description
Here's a rare opportunity to acquire a waterfront 3-unit multifamily property with future development potential on the heart of downtown Cape Coral. The Property features 3,440 SF on .43 acres, with spacious 1,100 SF units, ample parking, and a 130' seawall with dock on a 200' wide Gulf-access canal. Two of the units are currently vacant, creating immediate flexibility for longer, seasonal, or short-term strategies, while the site offers the availability to add up to four additional units. With walkable access to restaurants and shopping and supported by Cape Coral's strong population growth and rental demand, this asset offers both stable cash flow and value-add upside.
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Additional Information
- Taxes
- $9,415
- Building Design
- Triplex
- Year Built
- 1979
- Community Type
- Non-Gated
- Construction
- Block, Concrete, Stone
- Living Area
- 3,300
- Acres
- 0.43
- Amenities
- None
- Cooling
- Central Air, Electric
- Heating
- Central, Electric
- Flooring
- Tile
- Exterior Features
- None
- Gulf Access
- Yes
- Gulf Access Type
- Bridge(s)/Water Indirect
- Waterfront
- Yes
- Waterfront Description
- Canal Access
- Water
- Public
- Sewer
- Public Sewer
- Pets
- Yes
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Listing courtesy of Local Real Estate LLC.