NOT LISTED FOR SALE

1024 SE 24th Ave Unit 1-5 Cape Coral, FL 33990

Hancock Neighborhood
10 Beds
6 Baths
4,600 Sq Ft
0.36 Acres

Last Sold May 09, 2018

Last sale price $485,000 $105 Per Sq Ft

Highlights

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

About This Home

As of May 2018

FIVE PLEX! This beautiful property is an excellent income producer. 7.9% Net Cap Rate!! All units are remodeled and fully occupied by long term tenants. All units are tiled throughout. One unit is a 3/2 and the rest 4 units are 2/1 each. A stunning manicured court yard and a Large parking lot. There is a common laundry room at the building (Not equipped at the moment). The property is located in a very good SE location close to shops, schools, restaurants etc.. Please call for your showing appointment at least 48 hours prior to showing.

Last Agent to Sell the Property

Sigalit Sphatt

Cozza Realty Group Inc License #252012775 Listed on: 05/09/2018

Last Buyer's Agent

Sig Sphatt

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,432

Year Built

  • Built in 1981

Lot Details

  • 0.36 Acre Lot
  • Rectangular Lot

Home Design

  • Quadruplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 4,600 Sq Ft Home
  • Tile Flooring

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Full Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for application fee
  • Legal Lot and Block 34 / 1400
  • Assessor Parcel Number 20-44-24-C2-01400.0340

Community Details

Overview

  • 5 Units
  • Cape Coral Subdivision

Building Details

  • Operating Expense $11,843
  • Net Operating Income $40,157

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,432

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.36
  • Subdivision Name: CAPE CORAL
  • Directions: DEL PRADO NORTH TO EAST ON VISCAYA PKWY, RIGHT ON SW 20TH PLACE TO 1024 ON RIGHT.
  • Structure Type: Quadruplex
  • Year Built: 1981
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Private Spa: No
  • Full Bathrooms: 6
  • Total Bedrooms: 10
  • Flooring: Tile
  • Window Features: See Remarks

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Frame, Stucco
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: See Remarks
  • Pets Allowed: No

Lot Info

  • Parcel #: 20-44-24-C2-01400.0340
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Application Fee

Multi Family

  • Number Of Units Total: 5
  • Property Net Operating Income: 40157.0
  • Annual Operating Expense: 11843.0

Tax Info

  • Tax Annual Amount: 5432.0
  • Tax Block: 1400
  • Tax Lot: 34
  • Tax Year: 2017

Range of Values:

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List Price
Sold Price
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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 Change Sq Ft Price
05/09/2018 05/09/18 Sold $485,000 -8.3% $105 / Sq Ft
05/09/2018 05/09/18 For Sale $529,000 +55.6% $115 / Sq Ft
02/28/2017 02/28/17 Sold $340,000 -14.8% $75 / Sq Ft
01/29/2017 01/29/17 Pending -- -- --
01/15/2016 01/15/16 For Sale $399,000 -- $88 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sigalit Sphatt

    Seller's Agent in 2018

    Sigalit Sphatt

    Cozza Realty Group Inc

    (239) 440-4945

    2 in this area

    185 Total Sales

    Sigalit Sphatt
    Section Image

  • S

    Buyer's Agent in 2018

    Sig Sphatt

  • R

    Seller's Agent in 2017

    Ron Turrisi

    Florida Local Real Estate LLC

    Section Image

  • M

    Seller Co-Listing Agent in 2017

    Mary Jo Bowers

    Florida Local Real Estate LLC

    Section Image

  • A

    Buyer's Agent in 2017

    Allen Wasko

    Section Image
See All Agents

Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 218030054

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

1024 SE 24th Ave Unit 1-5, Cape Coral, FL

This home is located at 1024 SE 24th Ave Unit 1-5, Cape Coral, FL 33990 since 09 May 2018. This property was built in 1981. 1024 SE 24th Ave Unit 1-5 is a home located in Lee County with nearby schools including Caloosa Elementary School, Tropic Isles Elementary School, and Hancock Creek Elementary School.

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Florida Gulf Coast Multiple Listing Service The information is being provided by Southwest Florida Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service. All Rights Reserved

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