$1,750,000

Estimated payment $10,171/month

Total Views 75,691
8 Beds
8 Baths
3,184 Sq Ft
$550 Price per Sq Ft

Highlights

  • Marina
  • Boat Dock
  • Canal Access
  • Cape Coral High School Rated A-
  • Home fronts a seawall
  • Fruit Trees

About This Home

We are proud to bring you this stunning 8-unit apartment building - a rare gem that combines modern comfort with a prime waterfront location. Offering an unmatched investment opportunity, this property is perfect for both seasoned investors and those looking to expand their portfolio in a thriving market. Property Features - Prime Waterfront Location: Boasting 161 feet of frontage on a gulf-access canal, this property offers direct access to the Gulf of Mexico. The dock, spanning the entire length of the property, is perfect for boating enthusiasts and provides ample space for multiple boats. - Renovated Units: Six of the eight studio apartments have been completely renovated in the past 24 months, featuring new flooring, updated kitchens and bathrooms, and modern finishes. The remaining three units have been partially updated, offering a mix of classic charm and contemporary amenities. - Flexible Leasing Options: The property offers a unique blend of rental opportunities. Four units are currently leased on an annual basis, providing stable, long-term income. The other four units are listed on Airbnb, generating substantial short-term rental income. Detailed financials are available. - Fully Furnished: All units come fully furnished, providing a turnkey solution for investors. The tasteful decor and high-quality furnishings enhance the living experience for tenants and guests alike. - Expansive Waterfront Deck: The massive deck is a true highlight of the property, furnished to accommodate parties, get-togethers, or quiet relaxation. Whether it's enjoying the sun, hosting a barbecue, or watching the dolphins and sunsets, this space is perfect for creating memorable moments. - Ample Parking and Pet-Friendly Yard: Situated on a 0.44-acre lot, the property offers abundant parking space, eliminating any concerns about crowding. The fenced yard is ideal for residents with pets, providing a safe and enjoyable area for dogs to run and play. - Complete metal reroof completed in 2025, ensuring the building remains in top condition for years to come. - Modern Amenities: Each unit is equipped with new mini-split air conditioners, providing efficient and reliable cooling. The property also includes secured bike parking, a maintenance shed, and a cleaning shed stocked with all necessary supplies. - Additional Revenue Stream: Two brand new sets of coin-operated laundry machines are available on-site, generating extra income and offering convenience to residents. - Future Value-Add Potential: The large waterfront lawn presents a unique opportunity to add a pool, further enhancing the appeal and value of the rental units. This addition could significantly increase the property's rental income and market value.

Listing Agent

Brandon Reitz

Fathom Realty FL LLC License #258024397 Listed on: 06/16/2025

Fathom Realty FL LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,992

Year Built

  • Built in 1977

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 161 x 120 x 161 x 120
  • Home fronts a seawall
  • Oversized Lot
  • Fruit Trees

Home Design

  • Quadruplex
  • Florida Architecture
  • Flat Roof Shape
  • Rolled or Hot Mop Roof
  • Built-Up Roof
  • Metal Roof
  • Stucco

Interior Spaces

  • 3,184 Sq Ft Home
  • 2-Story Property

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Outdoor Features

  • Canal Access
  • Deck
  • Patio
  • Outdoor Fireplace
  • Outbuilding

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 35-45-22-04-00015.0000

Community Details

Overview

  • 8 Units
  • St James City Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Laundry Facilities
  • Community Storage Space

Recreation

  • Boat Dock
  • Pier or Dock
  • Marina
  • Community Playground

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,992

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.4408
  • Lot Size: 161 x 120 x 161 x 120
  • Road Surface Type: Paved
  • Subdivision Name: ST JAMES CITY
  • Directions: From Pine Island Rd, South on Stringfellow, property will be on the left before Sanibel Blvd
  • Architectural Style: Florida, Two Story
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Quadruplex
  • Year Built: 1977
  • Property Sub Type Additional: Quadruplex
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Private Spa: No
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Fireplace Features: Outside
  • Flooring: Tile, Vinyl
  • Interior Amenities: High Speed Internet
  • Window Features: Other

Exterior Features

  • Lot Features: Oversized Lot
  • Pool Private: No
  • Waterfront Features: Canal Access, Seawall
  • Waterfront: Yes
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Deck, Fruit Trees, Patio, Room For Pool
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck, Patio
  • Property Condition: Resale
  • Roof: Built-Up, Flat, Metal, Rolled/Hot Mop

Utilities

  • Laundry Features: Common Area
  • Cooling: Other, Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Boat Facilities, Street Lights
  • Amenities: Marina, Laundry, Barbecue, Picnic Area, Pier, Playground, Storage, Sidewalks
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 35-45-22-04-00015.0000
  • Zoning Description: CPD

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 12992.0
  • Tax Year: 2024

Matterport 3D Tour

Floorplan

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $12,992 $938,854 $480,000 $420,240
2024 $12,992 $878,189 $384,000 $451,494
2023 $13,199 $881,266 $436,980 $409,425
2022 $11,335 $655,467 $294,349 $337,311
2021 $10,087 $645,918 $338,526 $307,392
2020 $10,405 $739,431 $349,094 $390,337
2019 $8,913 $552,042 $260,525 $291,517
2018 $7,649 $530,959 $247,834 $283,125
2017 $7,470 $530,676 $255,648 $275,028
2016 $6,003 $348,360 $178,174 $170,186
2015 $2,952 $173,075 $78,127 $94,948
2014 -- $160,866 $84,026 $76,840
2013 -- $139,517 $81,012 $58,505
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2025 06/16/25 For Sale $1,750,000 -- $550 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

About the Listing Agent

Brandon Reitz

Fathom Realty FL LLC

(239) 766-5306

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I'm an expert real estate agent with Fathom Realty on beautiful Pine Island, FL and the nearby area, providing home-buyers and sellers with professional, responsive, and attentive real estate services. Want an agent who'll really listen to what you want in a home? Need an agent who knows how to effectively market your home so it sells? Give me a call! I'm eager to help and would love to talk to you.

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Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 225056043

Florida Gulf Coast Multiple Listing Service

APN: 35-45-22-04-00015.0000