$810,000
SOLD MAR 21, 2025
6 Beds
6 Baths
-- Sq Ft
0.35 Acres

Recently Sold

8% Below List Price

14 Days on Market

Highlights

  • In Ground Pool
  • Deck
  • Concrete Block With Brick
  • Cape Elementary School Rated A-
  • Jalousie or louvered window
  • Tile Flooring

About This Home

As of March 2025

INVESTORS TAKE NOTICE!! Perfect setup for long-term, short-term, or AIRBNB rentals. This 4-unit investment property with a beautiful pool and NEW screened common area is a fantastic investment opportunity! Located just off palm tree-lined Beach Parkway and within walking distance of Jaycee Park, this amazing investment property is perfect. The outdoor common area consists of a fully screened pool enclosure and inground pool, and each unit has its own covered patio area located next to the pool. Each unit has been upgraded with a mix of tile and carpet flooring, updated fully applianced kitchens with granite counters, remodeled baths with newer vanities and countertops, and washer and dryer areas located inside each unit. Recent updates include a new pool cage and screens, New roofs in 2023 on both buildings, and updated ceiling fans in all unit patio/lanai areas. A separate outbuilding with individual storage rooms for each unit and a large open parking area enhance the appeal of this property. Located within minutes of the park, beaches, shopping, restaurants, and everything that lovely Cape Coral and SWFL has to offer.

Last Agent to Sell the Property

Lora Merrill

William Raveis Real Estate License #NAPLES-244521496

William Raveis Real Estate

Last Buyer's Agent

Joshua Bohling

LPT Realty, LLC License #BEAR-3530905

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,009

Year Built

  • Built in 1965

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions: 120
  • Paved or Partially Paved Lot
  • Sprinkler System

Home Design

  • Quadruplex
  • Concrete Block With Brick
  • Wood Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Jalousie or louvered window
  • Single Hung Windows

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Outdoor Features

  • In Ground Pool
  • Deck

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for application fee, cable, credit application, departure cleaning, full electric, full telephone, internet access, long distance telephone
  • Assessor Parcel Number 08-45-24-C1-00377.0030
  • Tax Block 377

Community Details

Overview

  • 4 Units
  • Cape Coral Condos
  • Cape Coral Community

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $29,895
  • Net Operating Income $47,305

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,009

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Legal Description: CAPE CORAL UNIT 7 BLK 377 PB 12 PG 106 LOTS 3 4 + 5
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.572076$-81.934687$72.98$13.33$1.00$eXGEjlRUUgP4ONBDQIeb_w
  • Building Design: Quadraplex
  • Year Built: 1965
  • Directions: GPS Friendly
  • Property Information: INVESTORS TAKE NOTICE!! Perfect setup for long-term, short-term, or AIRBNB rentals. This 4-unit investment property with a beautiful pool and NEW screened common area is a fantastic investment opportunity! Located just off palm tree-lined Beach Parkway and within walking distance of Jaycee Park, this amazing investment property is perfect. The outdoor common area consists of a fully screened pool enclosure and inground pool, and each unit has its own covered patio area located next to the pool. Each unit has been upgraded with a mix of tile and carpet flooring, updated fully applianced kitchens with granite counters, remodeled baths with newer vanities and countertops, and washer and dryer areas located inside each unit. Recent updates include a new pool cage and screens, New roofs in 2023 on both buildings, and updated ceiling fans in all unit patio/lanai areas. A separate outbuilding with individual storage rooms for each unit and a large open parking area enhance the appeal of this property. Located within minutes of the park, beaches, shopping, restaurants, and everything that lovely Cape Coral and SWFL has to offer.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 6
  • Total Bathrooms: 6.00
  • Total Bedrooms: 6
  • Flooring: Carpet, Tile, Vinyl
  • Windows: Jalousie, Single Hung

Exterior Features

  • Gulf Access: No
  • Private Pool: Yes
  • Private Spa: No
  • Roof: Shingle
  • Construction: Concrete Block, Wood Frame
  • Irrigation: Central
  • Road: Paved Road, Public Road
  • Exterior Features: Deck, Extra Building, Sprinkler Auto
  • Exterior Finish: Stucco
  • Private Pool Type: Below Ground

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Sewer: Central
  • Water: Central

Association/Amenities

  • Pets: No Approval Needed
  • Development: Cape Coral
  • Amenities: Community Pool
  • Community Type: Non-Gated
  • Units In Building: 4

Condo/Co-op/Association

  • Sub Condo Name: CAPE CORAL
  • Development Name: CAPE CORAL

Lot Info

  • Lot Back: 120
  • Lot Frontage: 120
  • Lot Left: 125
  • Lot Right: 125
  • Lot Unit: 3
  • Section: 08
  • Waterfront: No
  • Zoning Code: R3-D
  • Acres: 0.3460
  • Lot Description: Oversize
  • Lot Dimensions: 120 X 125
  • Parcel Number: 08-45-24-C1-00377.0030

Rental Info

  • Tenant Pays: Application Fee, Cable, Credit Application, Departure Cleaning, Full Electric, Full Telephone, Internet Access, Long Distance Telephone

Tax Info

  • Tax Description: County Only, No Homestead
  • Tax District Type: Municipal Service Tax Unit
  • Taxes: 11009.49
  • Tax Year: 2024

Multi Family

  • Unit Count: 4
  • Gross Rental Income: 76200.00
  • Annual Expenses: 29895.00
  • Annual Net Operating Income: 47305.00
  • Total Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2025
Closed on
Mar 21, 2025
Sold by
Cernik Monica
Bought by
Oskml Properties Llc
Seller's Agent
Lora Merrill
William Raveis Real Estate
Buyer's Agent
Joshua Bohling
LPT Realty, LLC
List Price
$877,000
Sold Price
$810,000
Premium/Discount to List
-$67,000
-7.64%
Total Days on Market
14
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-31.23%

Purchase Details

Closed on
Jul 19, 2021
Sold by
Harold Perau Real Estate Holdings Llc
Bought by
Cernik Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$471,666
Interest Rate
2.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 28, 2016
Closed on
Feb 8, 2017
Sold by
Neil David T O
Bought by
Harold Pearu Real Estate Hodings Llc
Seller's Agent
Arleen Andalia
Starlink Realty, Inc
Buyer's Agent
Arleen Andalia
Starlink Realty, Inc
List Price
$525,000
Sold Price
$475,000
Premium/Discount to List
-$50,000
-9.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.85%

Purchase Details

Closed on
Jun 20, 2008
Sold by
Dimare Emanuel S
Bought by
Oneil David T

Purchase Details

Closed on
Jun 15, 2007
Sold by
Calusa Llc
Bought by
Dimare Emanuel S

Purchase Details

Closed on
Jan 22, 2007
Sold by
Dimare Emanuel S
Bought by
Calusa Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,000
Interest Rate
6.07%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 25, 2005
Sold by
Murdock Sonia A
Bought by
Dimare Emanuel S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 21, 2001
Sold by
Taney Cornelius F
Bought by
Murdock Hugh D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,600
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 26, 1998
Sold by
Taney Cornelius F and Taney Barbara A
Bought by
Taney Cornelius F and Taney Barbara A

Map

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 $810,000 Bryant Title & Escrow
Warranty Deed $628,900 Superior Ttl & Closings Llc
Warranty Deed $475,000 None Available
Warranty Deed $252,000 Best Title Solutions Inc
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $390,000 --
Warranty Deed $237,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $471,666 New Conventional
Previous Owner $9,000 Commercial
Previous Owner $480,000 Commercial
Previous Owner $16,000 Commercial
Previous Owner $75,000 Commercial
Previous Owner $273,000 Commercial
Previous Owner $189,600 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2025 03/21/25 Sold $810,000 -7.6% --
03/12/2025 03/12/25 Pending -- -- --
02/26/2025 02/26/25 For Sale $877,000 +84.6% --
02/14/2017 02/14/17 Sold $475,000 -9.5% $146 / Sq Ft
01/15/2017 01/15/17 Pending -- -- --
07/28/2016 07/28/16 For Sale $525,000 0.0% $161 / Sq Ft
11/13/2015 11/13/15 For Rent $2,100 +133.3% --
11/13/2015 11/13/15 Rented -- -- --
03/05/2015 03/05/15 For Rent $900 -- --
03/05/2015 03/05/15 Rented -- -- --
Source: Naples Area Board of REALTORS®

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
2024 $11,009 $469,481 -- --
2023 $9,124 $426,801 $144,776 $255,072
2022 $9,608 $480,927 $80,500 $400,427
2021 $7,578 $337,651 $80,500 $257,151
2020 $7,538 $325,437 $80,500 $244,937
2019 $7,382 $329,457 $80,500 $248,957
2018 $6,879 $288,255 $80,500 $207,755
2017 $6,078 $294,737 $51,750 $242,987
2014 $4,666 $190,902 $26,795 $164,107
2013 -- $211,100 $13,900 $197,200
Source: Public Records

Source: Naples Area Board of REALTORS®

MLS Number: 225011176

Naples Area Board of REALTORS®

APN: 08-45-24-C1-00377.0030