NOT LISTED FOR SALE
4 Beds
4 Baths
1,733 Sq Ft
10,062 Sq Ft Lot

Last Sold November 02, 2021

Last sale price $401,900 $232 Per Sq Ft

171 Days on Market

Highlights

  • Boat Ramp
  • Corner Lot
  • Jalousie or louvered window
  • Cape Elementary School Rated A-
  • Community Pool
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of November 2021

Four unit money maker in Downtown Cape Coral. Currently grossing $45,600 per year with net income of almost $30,000 per year. Agents please see CAP Analysis in the attached documents. All tile with some newer windows. Affordable wall and window units for air conditioning helps to keep expenses low. A large fenced backyard with shade trees makes this a tropical escape. Plenty of parking and walking distance to all the restaurants, festivals and nightlife Downtown Cape Coral offers. With 30% down and a 3.5% loan you will make an 11.5% RETURN ON YOUR MONEY.

Last Agent to Sell the Property

Patrick Mulcahy

Realty One Group MVP License #596509449 Listed on: 04/14/2021

Last Buyer's Agent

Jacob Hansen

DomainRealty.com LLC License #258017896

DomainRealty.com LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,601

Year Built

  • Built in 1961

Lot Details

  • 10,062 Sq Ft Lot
  • Lot Dimensions are 80 x 125 x 80 x 125
  • Fenced
  • Corner Lot
  • Rectangular Lot

Home Design

  • Quadruplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,733 Sq Ft Home
  • 1-Story Property
  • Jalousie or louvered window
  • Casement Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Sewer Assessments
  • High Speed Internet

Listing and Financial Details

  • Tenant pays for internet
  • Legal Lot and Block 1 / 51
  • Assessor Parcel Number 18-45-24-C1-00051.0010

Community Details

Overview

  • 4 Units
  • Cape Coral Subdivision

Recreation

  • Boat Ramp
  • Community Pool
  • Park

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $17,130
  • Net Operating Income $29,070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,601

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.231
  • Lot Size: 80 x 125 x 80 x 125
  • Road Surface Type: Paved
  • Subdivision Name: CAPE CORAL
  • Architectural Style: Ranch, One Story
  • Building Stories: 1
  • Structure Type: Quadruplex
  • Year Built: 1961
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Flooring: Tile
  • Interior Amenities: High Speed Internet
  • Window Features: Casement Window(s), Jalousie

Exterior Features

  • Lot Features: Corner Lot, Rectangular Lot
  • Pool Features: Community
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Fence, Room For Pool
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Window Unit(s), Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Sewer: Assessment Paid, Public Sewer
  • Water Source: Assessment Paid, Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: Boat Ramp, Park, Pool
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 18-45-24-C1-00051.0010
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Internet

Multi Family

  • Number Of Units Total: 4
  • Property Net Operating Income: 29070.0
  • Annual Operating Expense: 17130.0

Tax Info

  • Tax Annual Amount: 3601.0
  • Tax Block: 51
  • Tax Lot: 1
  • Tax Year: 2020

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
11/02/2021 11/02/21 Sold $401,900 +0.7% $232 / Sq Ft
10/03/2021 10/03/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $399,000 +47.8% $230 / Sq Ft
02/12/2021 02/12/21 Sold $270,000 -3.5% --
01/13/2021 01/13/21 Pending -- -- --
12/31/2020 12/31/20 For Sale $279,900 +69.6% --
02/28/2018 02/28/18 Sold $165,000 -2.9% $92 / Sq Ft
02/28/2018 02/28/18 Pending -- -- --
01/19/2018 01/19/18 For Sale $169,900 -- $95 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 221023902

Florida Gulf Coast Multiple Listing Service