Cape Coral, FL 33904,4616 SE 5th AVE
Cape Coral, FL 33904,4616 SE 5th AVE
Cape Coral, FL 33904,4616 SE 5th AVE
Cape Coral, FL 33904,4616 SE 5th AVE
Cape Coral, FL 33904,4616 SE 5th AVE
Cape Coral, FL 33904,4616 SE 5th AVE
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$ 569,000
Est. payment | /mo

4 Beds

4 Baths

1,560 SqFt


$ 569,000
Est. payment | /mo

4 Beds

4 Baths

1,560 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,560 sqft

Price per Sqft $364

Subdivision Cape Coral

MLS Listing ID 224065373

Style Duplex

Bedrooms 4

Full Baths 4

Construction Status Resale

HOA Y/N No

Year Built 1964

Annual Tax Amount $4,554

Tax Year 2023

Lot Size 0.344 Acres

Acres 0.344

Lot Dimensions Appraiser

Property Description

Unlock the potential of this .34-acre property in the heart of Cape Coral, featuring a well-maintained duplex with city-approved plans to build an additional three-unit multifamily building. Each existing unit offers 2 bedrooms, 2 bathrooms, updated flooring, and separate entrances to each bedroom, making it easy to maximize rental income by splitting the units into 4 separate 1 bedroom rentals.

Recent upgrades include a new roof, hot water heater, and air conditioning units, all replaced within the last two years. The property boasts ample driveway parking, a detached common laundry area with storage, and screened-in patios with stunning southern-facing sunset views. Negotiable furniture gives you the flexibility to rent immediately or start fresh with your own design.

Located just minutes from downtown Cape Coral, this property is within walking distance of shopping, dining, and entertainment. Enjoy the vibrant local scene with events like farmers markets, Bike Nights, and art walks. The upcoming Cape Coral Yacht Club & Beach are a short drive, while Fort Myers Beach and Sanibel Island are only 20 and 30 minutes away, respectively.

Future developments, including the $100 million Bimini Square Project, Yacht Club renovation, Deep Lagoon waterfront restaurant, retail shops, luxury apartments, and Lee Health Medical facility, make this an even more attractive investment opportunity.

Whether you're looking to live in one unit and rent the others or take advantage of the approved expansion, this property offers unmatched potential in a rapidly growing area. Don't miss out—schedule your private tour today to explore this unique investment opportunity!

Location

State FL

County Lee

Community Cape Coral

Area Cc12 - Cape Coral Unit 7-15

Rooms

Bedroom Description NaN

Interior

Heating Central, Electric

Cooling Central Air, Ceiling Fan(s), Electric

Flooring Laminate, Vinyl

Fireplace No

Window Features Jalousie

Exterior

Exterior Feature Patio, Room For Pool, Storage

Community Features Non- Gated

Utilities Available Cable Available

Amenities Available None

Waterfront Description None

Water Access Desc Assessment Paid

Roof Type Shingle

Porch Patio

Garage No

Private Pool No

Building

Lot Description Multiple lots

Dwelling Type Duplex

Sewer Assessment Paid

Water Assessment Paid

Architectural Style Duplex

Additional Building Outbuilding

Structure Type Block,Concrete,Stucco

Construction Status Resale

Others

Pets Allowed Yes

Senior Community No

Tax ID 12-45-23-C3-00285.0270

Acceptable Financing All Financing Considered, Cash, FHA, VA Loan

Listing Terms All Financing Considered, Cash, FHA, VA Loan

Pets Allowed Yes

Listed by EXP Realty, LLC • Amanda Lagana

GET MORE INFORMATION

Megan & Patrick Finke

REALTORS®

+1(941) 253-7900

10752 Deerwood Park Blvd Suite 100, Jacksonville, Fl

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4616 SE 5th AVE