NOT LISTED FOR SALE
9 Beds
8 Baths
5,022 Sq Ft
0.33 Acres

Last Sold July 28, 2022

Last sale price $900,000 $179 Per Sq Ft

Highlights

  • Corner Lot
  • Outdoor Storage
  • Central Heating and Cooling System
  • Cape Elementary School Rated A-

About This Home

As of July 2022

HUGE PRICE REDUCTION! BEST PRICE, PPSF & ROI IN CAPE CORAL! Well maintained, unique 9 bed/ 8 bath, 5,021 square feet , QUAD/ 4 unit on an oversize corner w private balconies & back yards in the highly sought Bimini Basin of SE Cape Coral. Just freshly painted this year, the 3 dimensional roof was installed in 2006, all 4 a/c units were replaced in 2014 and 2015 and have been on service contracts ever since, 3 of the 4 units were re-plumbed in 2018 and 2019 & 2 baths were extensively remodeled as well as other upgrades throughout: new flooring, resurfaced cabinets, granite countertops. Unit #1 is a 2 bedroom/2 bath unit with 1,060 square feet. Unit #2 is a 2 bedroom/2 bath unit with 1,114 square feet. Unit #3 is a 2 bedroom/2 bath unit with 1,190 square feet & Unit #4 (upstairs) is a 3 bedroom/2 bath unit with 1,658 square feet. Property has plenty of parking & a large storage unit not being used or rented. Market value gross income should be $72,000 however some tenants have been here for years with lower than market rent so the total Annual gross income currently is $56,880. LOW taxes, LOW flood Ins, No HOA, NO CDD & city water & sewer assessments are PAID!

Last Agent to Sell the Property

Donavon Owens

Elite Florida Realty Inc License #258003539 Listed on: 06/23/2022

Last Buyer's Agent

Brian Falke

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,475

Year Built

  • Built in 1981

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 80 x 140 x 200 x 185
  • Corner Lot
  • Oversized Lot

Home Design

  • Quadruplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 5,022 Sq Ft Home
  • 2-Story Property
  • Single Hung Windows

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Full Bathrooms

Outdoor Features

  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for application fee, credit check, cable TV, electricity, internet, pet deposit, telephone, water
  • Legal Lot and Block 21 / 91
  • Assessor Parcel Number 13-45-23-C1-00091.0210

Community Details

Overview

  • 4 Units
  • Cape Coral Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Gross Income $56,880
  • Net Operating Income $32,330

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,475

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.327
  • Lot Size: 80 x 140 x 200 x 185
  • Road Surface Type: Paved
  • Subdivision Name: CAPE CORAL
  • Directions: GPS to Bimini Basin
  • Architectural Style: Other, Two Story
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Quadruplex
  • Year Built: 1981
  • Property Sub Type Additional: Quadruplex
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Number Of Buildings: 1
  • Private Spa: No
  • Full Bathrooms: 8
  • Total Bedrooms: 9
  • Flooring: See Remarks
  • Window Features: Single Hung

Exterior Features

  • Lot Features: Corner Lot, Oversized Lot
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Storage
  • Property Condition: Resale
  • Roof: Shingle

Utilities

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

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: None
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 13-45-23-C1-00091.0210
  • Zoning Description: SC
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Application Fee, Credit Check, Cable TV, Electricity, Internet, Pet Deposit, Telephone, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 56880.0
  • Property Net Operating Income: 32330.0

Tax Info

  • Tax Annual Amount: 8475.44
  • Tax Block: 91
  • Tax Lot: 21
  • Tax Year: 2021

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 Prior Sale
07/28/2022 07/28/22 Sold $900,000 0.0% $179 / Sq Ft
07/28/2022 07/28/22 Pending -- -- --
06/23/2022 06/23/22 For Sale $899,900 +172.7% $179 / Sq Ft
05/27/2014 05/27/14 Sold $330,000 0.0% $197 / Sq Ft View Prior Sale
04/27/2014 04/27/14 Pending -- -- --
02/12/2014 02/12/14 For Sale $329,900 -- $196 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 222047724

Florida Gulf Coast Multiple Listing Service