For Sale
$475,000
1705 SE 46th LN A, Cape Coral, FL 33904
Duplexes
Property Size2,160 SF
Days on Market14
Property Features for 1705 SE 46th LN A
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,472
Building Details
Building Size
2,160 SF
Year Built
1968
Listing Agency:
Sellstate Priority Realty
Listed By:
Cindy Roper · License #252010705
(239) 281-0856
Source:
Kwelevate
Added: Oct 1
Changed: Oct 5
Last Checked: Oct 13 at 3:19AM
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 Sellstate Priority Realty
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,590
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,800
$571.8K
Cap Rate 7%
$408,429
$408.4K
Cap Rate 9%
$317,667
$317.7K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$42.8K $19.80/SF
− Vacancy
−$1.9K −$0.89/SF
EGI
$40.8K $18.91/SF
− OpEx
−$12.3K −$5.67/SF
NOI
$28.6K $13.24/SF
Area
Cape Coral, FL
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,800
Cap Rate 7%
$408,429
Cap Rate 9%
$317,667
Alternative Uses
Best Use
Multifamily LT 5
$408.4K
$357.4K – $476.5K
NOI $28,590 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$378.5K
$331.2K – $441.6K
NOI $26,495 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$560.5K
$490.4K – $653.9K
NOI $39,233 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,151
Businesses Nearby
Explore this area
Business Placement
Demographics for 33904, FL
32,029
Population
20,401
Households
1.6
Avg Household Size
56
Median Age
29%
College-Educated
95%
High-School Grad
9.7 sq mi
ZIP Area
3,302
Density / Sq Mi
$66,933
Median Household Income
$43,829
Median Earnings
$1,665
Median Rent
$347,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
Where is this duplex located?
The property is located at 1705 SE 46th LN A Cape Coral, FL.
What is the asking price?
The asking price for this property is $475,000.
