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Off market
  • $439,200

    603 SE 46th Ln #605, Cape Coral, FL 33904

    4beds
    --sqft
    MultiFamily
    Built in 1965
    -- sqft lot
    $439,200 Zestimate®
    $--/sqft
    $1,706 Estimated rent

    Owner options

    List your home for rent

    $1,706/mo

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    $1,706/mo

    Rent Zestimate®

    Refinance and save

    $2,777/mo

    Est. payment

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    $2,777/mo

    Est. payment

    What's special

    4 unit money maker in downtown Cape Coral. Fully leased to great tenants and grossing $3600 per month. Walking distance to Downtown Cape Coral restaurants, shopping, bars, and festivals. Renovated carport, large corner lot and a shady backyard with a beautiful Mango tree. All tile throughout, new electric panels and hot water heater. Energy efficient window A/C units. Laundry hook ups in the shed would be ideal for coin op laundry for additional income. Property has a current CAP rate of 8% and a 13% cash on cash return with a 70 LTV, market rate loan. Financial analysis is attached.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Appliances
    • Laundry: Common Area
    Features
    • Flooring: Tile
    • Windows: Casement, Jalousie

    Property

    Features
    • Exterior features: Stucco, Cement / Concrete
    • Pool features: Room for Pool
    • Frontage length: 80
    Lot
    • Size: 10,018 sqft
    • Features: Regular

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Ranch
    Condition
    • Year built: 1965

    Utilities & green energy

    • Sewer: Central, Assessment Paid
    • Water: Central

    Community & neighborhood

    Location
    • Region: Cape Coral

    Other

    Other facts
    • Flooring: Tile
    • Roof: Shingle
    • ArchitecturalStyle: Ranch
    • CoolingYN: true
    • NumberOfUnitsTotal: 4
    • ConstructionMaterials: Stucco, Concrete Block
    • PropertyAttachedYN: true
    • Cooling: Window Unit(s), Ceiling Fan(s)
    • FrontageLength: 80
    • ElevationUnits: Feet
    • LaundryFeatures: Common Area
    • StructureType: House
    • AssociationAmenities: Laundry, Park, Community Boat Ramp
    • CommunityFeatures: Park
    • LotFeatures: Regular
    • WindowFeatures: Casement, Jalousie
    • Sewer: Central, Assessment Paid
    • WaterSource: Central
    • ExteriorFeatures: Fruit Trees, Room for Pool
    • PoolFeatures: Room for Pool
    • MlsStatus: Pending With Contingencies
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
    $439,200
    2% more+$8,784
    With Zillow Showcase(estimated)$447,984