4701 SE 5th Pl, Cape Coral, FL 33904

The "HIGHEST and BEST" usage for this property may not be the updated 2 bedroom and 2 bathroom 1964 built duplex you see? This model was originally built as a 1 Bedroom 1 bath unit & an Efficiency unit on each side. The original door to the efficiency was closed up on the front porch. This could easily be turned back into 4 unit for a possible vacation rental. The duplex sits on the 0.455 Ac in this downtown location. Current code is 16 units per acre. A minimum of 6 units without a variance can be built.Please do your due diligence before making an offer to verify what can or can not be built on this property. The duplex is fully rented. The current monthly rent is $2300 a month. The owner updated this duplex with ALL new Kitchens and Baths 10+ years ago. That includes granite counter tops, stainless steel appliances. The laundry room is off the kitchen. One side has a jealousy window, covered porch. The right side has a nice large screened in covered porch. Professional property management is in place. Investors/Developers can continue to rent the current duplex out until you have your plans and permits in place to build your project. Water and Sewer Assessment are PAID.