NOT LISTED FOR SALE

1022 SE 11th St Cape Coral, FL 33990

Hancock Neighborhood
6 Beds
4 Baths
2,200 Sq Ft
10,001 Sq Ft Lot

Last Sold May 20, 2021

Last sale price $361,000 $164 Per Sq Ft

16 Days on Market

Highlights

  • Boat Dock
  • Tile Flooring
  • Ceiling Fan
  • Cape Elementary School Rated A-
  • Central Heating and Cooling System
  • Rectangular Lot

About This Home

As of May 2021

Great investment opportunity with this duplex. One side rents for $1300 and the other for $1200. The $1200 side is on month to month, so that rent can be raised at any time. Gross annual income is $30,000 minus taxes ($4500), insurance ($1500), and with a generous 10% allowance for vacancy collection, and repairs ($3000), you collect a net income each year of $21,000. Or you can give notice to the month to month tenant and live on that side with gross rent of $15,600 from the other side. Each unit has 3 bedrooms, 2 baths and 1 car garage. Each side features vaulted ceilings, tile throughout and a private screened lanai. One unit has just been painted inside and has a new hot water heater and new refrigerator. The other unit was painted throughout in 2019. One AC is 2018 and the other was installed in 2016 This is a great rental location in the heart of Cape Coral, close to stores, restaurants, schools, and commuter routes. All assessments are paid.

Last Agent to Sell the Property

Toni Zimmer

Jones & Co Realty License #258008828 Listed on: 04/03/2021

Jones & Co Realty

Last Buyer's Agent

Toni Zimmer

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,993

Year Built

  • Built in 2003

Lot Details

  • 10,001 Sq Ft Lot
  • Lot Dimensions are 80 x 125 x 80 x 125
  • Rectangular Lot
  • Sprinkler System

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,200 Sq Ft Home
  • Ceiling Fan
  • Single Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for application fee, cable TV, electricity, internet, pest control, pet deposit, telephone, water
  • Legal Lot and Block 3 / 768
  • Assessor Parcel Number 19-44-24-C1-00768.0030

Community Details

Overview

  • 2 Units
  • Cape Coral Subdivision

Recreation

  • Boat Dock

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $6,000
  • Net Operating Income $21,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,993

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2296
  • Lot Size: 80 x 125 x 80 x 125
  • Subdivision Name: CAPE CORAL
  • Directions: From Veterans, take Country Club Boulevard north to right on SE 12th Terrace to left on SE 9th Ct to right on SE 11th Street. Duplex is on the right.
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • Year Built: 2003
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Private Spa: No
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Flooring: Tile
  • Window Features: Single Hung

Exterior Features

  • Lot Features: Rectangular Lot, Sprinklers Automatic
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: See Remarks
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Sprinkler/Irrigation
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid, Public Sewer
  • Water Source: Assessment Paid, Public

Condo/Co-op/Association

  • Community Features: Boat Facilities
  • Amenities: None
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 19-44-24-C1-00768.0030
  • Zoning Description: 33990
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Application Fee, Cable TV, Electricity, Internet, Pest Control, Pet Deposit, Telephone, Water

Multi Family

  • Number Of Units Total: 2
  • Property Net Operating Income: 21000.0
  • Annual Operating Expense: 6000.0

Tax Info

  • Tax Annual Amount: 3993.0
  • Tax Block: 768
  • Tax Lot: 3
  • Tax Year: 2018

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2021 05/20/21 Sold $361,000 +0.6% $164 / Sq Ft
04/20/2021 04/20/21 Pending -- -- --
04/03/2021 04/03/21 For Sale $359,000 -- $163 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Toni Zimmer

    Jones & Co Realty

    (239) 540-7925

    4 in this area

    20 Total Sales

    Toni Zimmer
    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 221021882

Florida Gulf Coast Multiple Listing Service
Florida Lee County Cape Coral 33990 Hancock

1022 SE 11th St, Cape Coral, FL

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