Cape Coral, FL 33904,4616 SE 5th AVE #1
Cape Coral, FL 33904,4616 SE 5th AVE #1
Cape Coral, FL 33904,4616 SE 5th AVE #1
Cape Coral, FL 33904,4616 SE 5th AVE #1
Cape Coral, FL 33904,4616 SE 5th AVE #1
Cape Coral, FL 33904,4616 SE 5th AVE #1
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$ 575,000
Est. payment | /mo

4 Beds

4 Baths

3,120 SqFt


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$ 575,000
Est. payment | /mo
Save

4 Beds

4 Baths

3,120 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,120 sqft

Price per Sqft $184

Subdivision Cape Coral

MLS Listing ID 225047915

Style Duplex

Bedrooms 4

Full Baths 4

Construction Status Resale

HOA Y/N No

Year Built 1964

Annual Tax Amount $4,999

Tax Year 2024

Lot Size 0.344 Acres

Acres 0.344

Lot Dimensions Appraiser

Property Sub-Type Duplex

Property Description

Discover the limitless potential of this .34-acre gem in the heart of Cape Coral! This meticulously maintained duplex comes with city-approved plans to add a three-unit multifamily building, offering an exciting investment opportunity in a thriving area. The existing units each feature 2 bedrooms, 2 bathrooms, sleek updated flooring, and separate entrances to every bedroom—perfect for maximizing rental income by converting them into four individual 1-bedroom rentals. Recent upgrades include a new roof, hot water heater, and air conditioning units, all replaced within the past two years, ensuring a modern and hassle-free experience for future tenants.
Enjoy convenient driveway parking, a detached common laundry area with storage, and screened-in patios showcasing breathtaking southern-facing sunset views. Negotiable furniture allows you to start renting immediately or personalize the space to your taste. Located just minutes from downtown Cape Coral, this property places you within walking distance of vibrant shopping, dining, and entertainment. Immerse yourself in local charm with events like farmers markets, Bike Nights, and art walks. Plus, exciting developments like the $100 million Bimini Square Project, Yacht Club renovation, Deep Lagoon waterfront restaurant, luxury apartments, retail shops, and Lee Health Medical facility promise to boost the area's appeal even further.
With Fort Myers Beach and Sanibel Island just 20 and 30 minutes away, this property's growth potential and prime location make it an unbeatable investment. Whether you're looking to live in one unit and rent the others or capitalize on the approved expansion, this is a rare chance to secure a high-demand multifamily property in Cape Coral. Don't miss out on this exceptional investment opportunity!

Location

State FL

County Lee

Community Cape Coral

Area Cc12 - Cape Coral Unit 7-15

Rooms

Bedroom Description NaN

Interior

Heating Central, Electric

Cooling Central Air, Ceiling Fan(s), Electric

Flooring Laminate, Vinyl

Fireplace No

Window Features Jalousie

Laundry Common Area

Exterior

Exterior Feature Patio, Room For Pool, Storage

Community Features Non- Gated

Utilities Available Cable Available

Amenities Available Laundry

Waterfront Description None

Water Access Desc Assessment Paid

Roof Type Shingle

Porch Patio

Garage No

Private Pool No

Building

Lot Description Multiple lots

Dwelling Type Duplex

Sewer Assessment Paid

Water Assessment Paid

Architectural Style Duplex

Additional Building Outbuilding

Structure Type Block,Concrete,Stucco

Construction Status Resale

Others

Pets Allowed Call, Conditional

Senior Community No

Tax ID 12-45-23-C3-00285.0270

Acceptable Financing All Financing Considered, Cash, FHA, VA Loan

Listing Terms All Financing Considered, Cash, FHA, VA Loan

Pets Allowed Call, Conditional

Listed by EXP Realty LLC • Angel Lynn

GET MORE INFORMATION

agent
John Reay

Group Founder / Realtor® | License ID: 3102687

+1(941) 866-0818

4636 SE 9th Pl, Cape Coral, FL, 33904, USA

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4616 SE 5th AVE #1