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603 Se 46th Ln 605
MLS#: 220066229 - $430,000
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4 BEDS -
4 BATHS -
1965 BUILT -
Quadraplex -
4 Units -
0.230 ACRES
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Status: Sold
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On Site: 1274 Days
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Updated: 1 Year ago
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Cape Coral, FL, 33904
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Cape Coral
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- NEIGHBORHOOD: Cape Coral
- COUNTY: Lee
- AREA: CC12 - Cape Coral Unit 7-15
- BUILT: 1965
- Other Income:
- Buildings:
- Units In Building: 4
- CONDO FEE:
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Property Description
BUYER FINANCING FELL THROUGH. 4 unit money maker in downtown Cape Coral. Fully leased to great tenants and grossing $3750 per month. Walking distance to Downtown Cape Coral restaurants, shopping, bars, and festivals. Renovated carport, large corner lot and a shady backyard with a beautiful Mango tree. New roof. All tile throughout, new electric panels and hot water heater. Energy efficient window A/C units. Laundry hook ups in the shed would be ideal for coin op laundry for additional income. Property has a current cash on cash return of almost 10% with a 75% LTV, market rate loan.
Financial analysis is attached.
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Property Features
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Courtesy of MVP Realty Associates LLC
 The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2017 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. |
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