Cape Coral Multifamily Investment
For Sale
$1,750,000
1031 SE 9th St 2-4 6-9 10 11 13 14 16, Cape Coral, FL 33990
Fully occupied 12-unit package near Cape Coral Hospital.
Property SizeContact for details
Days on Market103
Property Features for 1031 SE 9th St 2-4 6-9 10 11 13 14 16
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1984
Listing Agency:
Century 21 Sunbelt Realty
(239) 872-7936
Listed By:
A.D. Diaz · License #252012736
(239) 872-7936
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 3 at 7:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Sunbelt Realty
Investment Insights
Based on property information with market context.
This is an investment opportunity featuring a 12-unit package that is fully occupied with less than 2% vacancy. The property is not in a flood zone. It is located near a commercial park, Cape Coral Hospital, and surrounding medical facilities. Each unit is a one-bedroom, one-bath condo with a large living room, an open kitchen with an eat-in countertop, and a large bedroom with a walk-in closet. Tile floors are installed throughout. Washer and dryer hook-ups are available in each unit. Condo fees include water, sewer, and trash services. The property features hurricane windows, a nicely updated interior, a new roof, and a newly installed asphalt driveway. The owner has 12 units that are rented in this community, generating annual revenue at a 7% CAP rate. The property is somewhat bikeable with a bike score of 32 and car-dependent with a walk score of 21.
Key Highlights
- 12‑unit package with high occupancy (less than 2% vacancy) offering immediate rental income.
- Strong investment potential with a 7% CAP rate.
- Located outside of a flood zone.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
Explore this area
Business Placement
Demographics for 33990, FL
32,717
Population
15,483
Households
2.1
Avg Household Size
47
Median Age
24%
College-Educated
89%
High-School Grad
9.3 sq mi
ZIP Area
3,518
Density / Sq Mi
$70,278
Median Household Income
$38,588
Median Earnings
$1,643
Median Rent
$330,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied 12-unit package near Cape Coral Hospital.
Where is this apartment building located?
The property is located at 1031 SE 9th St 2-4 6-9 10 11 13 14 16 Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 12‑unit package with high occupancy (less than 2% vacancy) offering immediate rental income.; Strong investment potential with a **7% CAP rate.**; Located outside of a flood zone.
