NOT LISTED FOR SALE

533 SE 6th Ave Unit 1-5 Cape Coral, FL 33990

Hancock Neighborhood
10 Beds
5 Baths
4,936 Sq Ft
0.34 Acres

Last Sold April 02, 2018

Last sale price $486,000 $98 Per Sq Ft

32 Days on Market

Highlights

  • Courtyard
  • Patio
  • Central Heating and Cooling System
  • Cape Elementary School Rated A-
  • Tile Flooring
  • Ceiling Fan

About This Home

As of April 2018

Great investment opportunity! This 5-plex with a courtyard is located in SE Cape Coral. Four of the units are currently leased and the 5th unit is owner occupied. Each unit has 2 beds, 1 full bath, screened lanai, and private washer & dryer facility. The largest unit is #3 with apx. 1,000 sq ft of living space, the other 4 units have over 900 sq ft of living space, All are a great room floor plan. Currently the owner is installing floating commercial grade vinyl flooring that is 3x the thickness as residential grade in all units. This flooring can be seen in the photos of units 1 & 2. In 2016 a NEW roof was placed on the building, which comes with a warranty at time of sale, units have newer hot water heaters and the exterior of the building was just painted 3 years ago. The property has been meticulously maintained and updated by the Seller, with strict rental guidelines in place to ensure the upkeep of the structure & units. Located close to shopping & dining, and has easy access to Pine Island Rd & Veterans Pkwy.

Last Agent to Sell the Property

Denny Grimes

Keller Williams Realty Naples License #258000307 Listed on: 01/29/2018

Keller Williams Realty Naples

Co-Listed By

Tony Erpenbeck

Keller Williams Realty Naples License #258019075

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,750

Year Built

  • Built in 1980

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 120 x 125 x 120 x 125
  • Irregular Lot

Home Design

  • Quadruplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 4,936 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Single Hung Windows
  • Sliding Windows

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Full Bathrooms

Outdoor Features

  • Courtyard
  • Patio

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, telephone, water
  • Legal Lot and Block 5 / 1140
  • Assessor Parcel Number 13-44-23-C3-01140.0050

Community Details

Overview

  • 5 Units
  • Cape Coral Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $8,400
  • Net Operating Income $47,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,750

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.34
  • Lot Size: 120 x 125 x 120 x 125
  • Road Surface Type: Paved
  • Co List Office Mls Id: FKWN
  • Co List Office Phone: (239) 449-1000
  • Subdivision Name: CAPE CORAL
  • Directions: From the Midpoint Bridge - Veteran's Pkwy, turn right onto Country Club Blvd, turn left onto Nicholas Pkwy E, turn right onto Cultural Park Blvd, turn left onto SE 6th Ter, turn right onto SE 7th Ave, turn left onto SE 6th St, turn right onto SE 6th Ave.
  • Architectural Style: Ranch, One Story
  • Building Stories: 1
  • Structure Type: Quadruplex
  • Year Built: 1980
  • Property Sub Type Additional: Quadruplex
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Number Of Buildings: 1
  • Private Spa: No
  • Full Bathrooms: 5
  • Total Bedrooms: 10
  • Flooring: Carpet, Tile, Vinyl
  • Window Features: Single Hung, Sliding

Exterior Features

  • Lot Features: Irregular Lot, Multiple lots
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Courtyard, Patio
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Shingle, See Remarks

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Assessment Unpaid, Public, See Remarks

Condo/Co-op/Association

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

Lot Info

  • Parcel #: 13-44-23-C3-01140.0050
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity, Telephone, Water

Multi Family

  • Number Of Units Total: 5
  • Property Net Operating Income: 47220.0
  • Annual Operating Expense: 8400.0

Tax Info

  • Tax Annual Amount: 5750.0
  • Tax Block: 1140
  • Tax Lot: 5
  • Tax Year: 2016

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
04/02/2018 04/02/18 Sold $486,000 -0.8% $98 / Sq Ft
03/03/2018 03/03/18 Pending -- -- --
01/29/2018 01/29/18 For Sale $490,000 -- $99 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Denny Grimes

    Seller's Agent in 2018

    Denny Grimes

    Keller Williams Realty Naples

    (239) 851-4600

    22 in this area

    565 Total Sales

    Denny Grimes
    Section Image

  • T

    Seller Co-Listing Agent in 2018

    Tony Erpenbeck

    Keller Williams Realty Naples

    (239) 849-5090

    12 in this area

    223 Total Sales

    Tony Erpenbeck
    Section Image
See All Agents

Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 218008307

Florida Gulf Coast Multiple Listing Service
Florida Lee County Cape Coral 33990 Hancock

533 SE 6th Ave Unit 1-5, Cape Coral, FL

This home is located at 533 SE 6th Ave Unit 1-5, Cape Coral, FL 33990 since 29 January 2018. This property was built in 1980. 533 SE 6th Ave Unit 1-5 is a home located in Lee County with nearby schools including Caloosa Elementary School, Hancock Creek Elementary School, and Tropic Isles 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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