NOT LISTED FOR SALE

502 NE 25th Ave Unit 1-3 Cape Coral, FL 33909

Hancock Neighborhood
6 Beds
4 Baths
3,243 Sq Ft
0.5 Acres

Last Sold April 15, 2024

Last sale price $625,000 $193 Per Sq Ft

205 Days on Market

Highlights

  • 0.5 Acre Lot
  • Courtyard
  • Tile Flooring
  • Cape Elementary School Rated A-
  • Patio
  • Central Heating and Cooling System

About This Home

As of April 2024

Excellent investor opportunity for a rare furnished and fully leased quadraplex ideally located in an X-Flood zone. The property has undergone multiple upgrades including a new roof (2021) A/C, plumbing, and electrical upgrades, all-tile, side-by-side washer/dryer hook-ups in every unit, and so much more! Attached to the property is an additional lot that can be separated or build additional properties to add to your portfolio. All tenants work and will need at least 24 hours notice to show. Depending on tenant schedules, we may not be able to show all units at the same time. City Utilities in an paid.

Last Agent to Sell the Property

Jerry Robinson

KHI Real Estate FM, LLC License #258023281 Listed on: 09/15/2023

Last Buyer's Agent

Ilce Romero

EXP Realty LLC License #258033811

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,857

Year Built

  • Built in 1984

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 160 x 135 x 160 x 135

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,243 Sq Ft Home
  • Ceiling Fan
  • Single Hung Windows
  • Tile Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Courtyard
  • Patio

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Tenant pays for application fee, electricity, water
  • Legal Lot and Block 36 / 1551
  • Assessor Parcel Number 09-44-24-C1-01551.0360

Community Details

Overview

  • 4 Units
  • Cape Coral Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $17,700
  • Net Operating Income $53,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,857

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.496
  • Lot Size: 160 x 135 x 160 x 135
  • Subdivision Name: CAPE CORAL
  • Directions: Heading south on Del Prado BLVD from Pine Island Road, Make a left on NE 6th Pl, then right on NE 25th Ave. Property will be on your right.
  • Architectural Style: Other
  • Structure Type: Quadruplex
  • Year Built: 1984
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Number Of Buildings: 1
  • Private Spa: No
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Flooring: Tile
  • Window Features: Single Hung

Exterior Features

  • Lot Features: Other, See Remarks
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Seller Disclosure
  • Construction Type: Vinyl Siding, Wood Frame
  • Exterior Features: Courtyard, Patio, Room For Pool
  • Other Structures: Outbuilding
  • Patio And Porch Features: Patio
  • 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
  • Water Source: Assessment Paid

Condo/Co-op/Association

  • Amenities: None
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 09-44-24-C1-01551.0360
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Application Fee, Electricity, Water

Multi Family

  • Number Of Units Total: 4
  • Property Net Operating Income: 53100.0
  • Annual Operating Expense: 17700.0

Tax Info

  • Tax Annual Amount: 8857.14
  • Tax Block: 1551
  • Tax Lot: 36
  • Tax Year: 2022

Range of Values:

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Sold Price
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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 Change Sq Ft Price
04/15/2024 04/15/24 Sold $625,000 0.0% $193 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
02/29/2024 02/29/24 Off Market $625,000 -- --
01/08/2024 01/08/24 Price Changed $750,000 -6.2% $231 / Sq Ft
12/20/2023 12/20/23 Price Changed $799,990 -3.6% $247 / Sq Ft
11/08/2023 11/08/23 Price Changed $830,000 -5.1% $256 / Sq Ft
09/15/2023 09/15/23 For Sale $875,000 -- $270 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jerry Robinson

    Seller's Agent in 2024

    Jerry Robinson

    KHI Real Estate FM, LLC

    (239) 770-4093

    13 in this area

    67 Total Sales

    Section Image
  • Ilce Romero

    Buyer's Agent in 2024

    Ilce Romero

    EXP Realty LLC

    (239) 306-0586

    1 in this area

    42 Total Sales

    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 223067098

Florida Gulf Coast Multiple Listing Service

Florida Lee County Cape Coral 33903 Hancock

502 NE 25th Ave Unit 1-3, Cape Coral, FL

This home is located at 502 NE 25th Ave Unit 1-3, Cape Coral, FL 33909 since 15 September 2023. This property was built in 1984. 502 NE 25th Ave Unit 1-3 is a home located in Lee County with nearby schools including Tropic Isles Elementary School, Hancock Creek Elementary School, and Caloosa Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Gulf Coast Multiple Listing Service The information is being provided by Southwest Florida Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service. All Rights Reserved

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