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.
Off market
Zestimate®
$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
What's special
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