$770,000
SOLD JAN 23, 2025
8 Beds
8 Baths
3,600 Sq Ft
0.34 Acres

Recently Sold

$214 Per Sq Ft

3% Below List Price

51 Days on Market

Highlights

  • Impact Glass
  • Tile Flooring
  • Ceiling Fan
  • Cape Elementary School Rated A-
  • Central Heating and Cooling System

About This Home

As of January 2025

AMAZING 4-plex opportunity for the savvy investor. 2 unique duplex buildings facing each other. Every unit is spacious 2 bedrooms and 2 baths. Look at the gross rent rates - $81,400/year! Look at the property condition! Perfect location in Cape Coral! Wonderful tenants on attorney written leases. New impact glass windows, 2015 roof with zero roof damage in recent storms, 2 newer AC units, 2 newer water heaters, 1 new tub with tile surround. Every unit has been painted and cleaned within the past 3 years or sooner. Tile or LVP floors throughout - no carpet. Refrigerator, range, microwave and dishwasher and washer/dryer hookups in each unit. Unit D's washer and dryer transfer with sale. Tenants pay for water/sewer and electric minimizing owner expenses. Assessments paid. Not in a flood zone either. Property has been professionally managed since May 2021. This property is an ideal addition to any investment portfolio. Owners will be doing a 1031 exchange. Call today to see for yourself.

Last Agent to Sell the Property

Patricia North

Alliance Realty Group License #258003281 Listed on: 10/30/2024

Last Buyer's Agent

Yennifer Feliciano

Best Florida Realty Group, LLC License #279596168

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,016

Year Built

  • Built in 1981

Lot Details

  • 0.34 Acre Lot

Home Design

  • Quadruplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,600 Sq Ft Home
  • Ceiling Fan
  • Impact Glass

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for application fee, credit check, cable TV, departure cleaning, electricity, internet, janitorial service, pet deposit, security, sewer, telephone, water
  • Legal Lot and Block 20 / 1772
  • Assessor Parcel Number 02-45-23-C1-01772.0200

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Cape Coral Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Building Details

  • Operating Expense $24,600
  • Net Operating Income $57,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,016

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.344
  • Subdivision Name: CAPE CORAL
  • Directions: On Skyline just south of Gleason
  • Architectural Style: None
  • Structure Type: Quadruplex
  • Year Built: 1981
  • Property Sub Type Additional: Quadruplex
  • Pets No Pets Comments: ,,,
  • Special Features: None

Interior Features

  • Number Of Buildings: 2
  • Private Spa: No
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Flooring: Tile, Vinyl
  • Window Features: Impact Glass

Exterior Features

  • Lot Features: Multiple lots
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: None
  • 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
  • Utilities: Cable Available
  • Water Source: Assessment Paid, Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: None
  • Pets Allowed: Call, Conditional

Lot Info

  • Parcel #: 02-45-23-C1-01772.0200
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Application Fee, Credit Check, Cable TV, Departure Cleaning, Electricity, Internet, Janitorial Service, Pet Deposit, Security, Sewer, Telephone, Water

Multi Family

  • Number Of Units Total: 4
  • Property Net Operating Income: 57000.0
  • Annual Operating Expense: 24600.0

Tax Info

  • Tax Annual Amount: 9015.64
  • Tax Block: 1772
  • Tax Lot: 20
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2024
Closed on
Jan 7, 2025
Sold by
Steinberg Michael and Steinberg Barbara
Bought by
Ei Cape Coral Llc
Seller's Agent
Patricia North
Alliance Realty Group
Buyer's Agent
Yennifer Feliciano
Best Florida Realty Group, LLC
List Price
$794,900
Sold Price
$770,000
Premium/Discount to List
-$24,900
-3.13%
Views
5
Current Estimated Value
$726,284

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$43,716
Avg. Annual Appreciation
-7.80%
Original Mortgage
$500,500
Outstanding Balance
$497,540
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$228,744

Purchase Details

Closed on
Nov 24, 2015
Sold by
Martin Kelly and Martin Marilyn
Bought by
Steinberg Michael and Steinberg Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 2012
Sold by
Halabi Bassam
Bought by
Martin Marilyn and Martin Kelly

Purchase Details

Closed on
Nov 25, 2009
Sold by
Deutsche Bank Trust Company Americas
Bought by
Halabi Bassam

Purchase Details

Closed on
Jan 21, 2009
Sold by
Preciado Miguel V
Bought by
Deutsche Bank Trust Company Americas

Purchase Details

Closed on
Oct 4, 1999
Sold by
Popovich Lorena A and Popovich Lorena A
Bought by
Preciado Miguel V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,411
Interest Rate
7.79%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 24, 1997
Sold by
Lowell Harry M and Haywood Stephen W
Bought by
Popovich A Lorena

Purchase Details

Closed on
Aug 31, 1993
Sold by
S O S Ventures
Bought by
Haywood Stephen W and Lowell Harry M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
7.21%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $770,000 Sandbar Title
Warranty Deed $275,000 Omega Title Llc
Warranty Deed $187,500 Fidelity National Title Of F
Corporate Deed $110,000 Southern Financial Title Svc
Trustee Deed -- Attorney
Warranty Deed $165,700 --
Warranty Deed $132,000 --
Warranty Deed $104,800 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $500,500 New Conventional
Previous Owner $205,000 Commercial
Previous Owner $150,326 Commercial
Previous Owner $152,411 FHA
Previous Owner $104,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2025 01/23/25 Sold $770,000 -3.1% $214 / Sq Ft
12/20/2024 12/20/24 Pending -- -- --
10/30/2024 10/30/24 For Sale $794,900 -- $221 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,016 $379,211 $90,279 $280,540
2024 $9,016 $381,933 -- --
2023 $7,831 $347,212 $0 $0
2022 $7,324 $315,647 $0 $0
2021 $6,659 $286,952 $59,800 $227,152
2020 $6,460 $268,085 $46,000 $222,085
2019 $6,265 $261,628 $40,250 $221,378
2018 $6,286 $260,815 $40,250 $220,565
2017 $5,908 $242,250 $28,750 $213,500
2016 $5,389 $212,369 $28,750 $183,619
2015 $4,581 $193,693 $17,480 $176,213
2014 $4,062 $144,352 $13,570 $130,782
2013 -- $144,700 $4,100 $140,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 224087314

Florida Gulf Coast Multiple Listing Service

APN: 02-45-23-C1-01772.0200