$2,500,000
Multi Family
For Sale
Closed at $2,320,000
$277.41/sf
Closed - Multi Family for sale
Note: This property is not currently for sale or for rent on beycome. The description below may be from a previous listing.
This offering presents the opportunity to acquire 24th Ave Apartments, a fully occupied, 8-unit multi-family investment located in Cape Coral, Florida. This property offers a unit mix of (4) three bedroom apartments and (4) two bedroom apartments, each unit with (2) full bathrooms. Each three bedroom unit is a spacious 1,212 square and two bedroom units 1,041 square feet. All units offer low maintenance tile floors throughout, screened-in lanai, in-unit laundry rooms for full size washer, dryer and storage. Capital Improvements include new roof installation on both buildings (2019), all 8 units with updated HVAC & Air conditioning systems (2020), full exterior & parking lot painting (2022). There are 17 parking spaces on-site. All units are individually metered (water & electricity) for minimal landlord expenses. Fully leased, with strong local rental growth and opportunity for future rental income increase. Property is not in a flood zone and did not sustain hurricane damage.
MLS: #222084601
* School data provided by National Center for Education Statistics, and GreatSchools. Intended for reference only. The GreatSchools Rating is based on a variety of school quality indicators, including test scores, college readiness, and equity data. To verify enrollment eligibility, contact the school or district directly.
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Status: Closed
Listed Date: 09/20/2022
Days On Market: 706
Lot Size (Acres): 0.48
Lot Size (Square Feet): 20952
Availability Date: 2022-11-07
Association Amenities: Cable Ready, Lawn, No pets, Washer in building, Balcony/Patio, Oven, Refrigerator, Dishwasher
Year Built: 1998
Building Name: Cape Coral
Flooring: 1
Utilities: 1
Parcel Number: 17-44-24-C2-01362.0150