Townhouse Near Concordia
1871 Concordia Lake Circle 305 Cape Coral, FL 33909
For Sale
$175,000
Townhouse with 2 bedrooms, 2 bathrooms, and single-car garage.
Property Size1,190 SF
Lot Size0.22 Acres
Price / SF$147.06
Days on Market619
Property Features for 1871 Concordia Lake Circle 305
General Information
- Standard status
- Active
- Size
- 1,190 SF
- Lot size
- 0.22 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2006
Listing Agency:
Realty Resource Group Inc
(239) 898-3917
Listed By:
Lee Reeves · License #258008896
(239) 898-3917
Source:
Exitrealty
Added: Nov 11, 2024
Changed: Jul 6
Last Checked: Jul 23 at 6:20AM
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 Realty Resource Group Inc
Investment Insights
Based on property information with market context.
This townhouse is located next to the Concordia Clubhouse and pool. The unit features a spacious living room, 2 bedrooms, 2 bathrooms, a large single-car garage, and a screened lanai. All living areas are situated on the 2nd floor. Concordia is located next to the Publix shopping center at Del Prado Blvd N and Kismet, offering convenient access to shopping and four restaurants. The property size is 1190 square feet.
Key Highlights
- Located next to the Concordia Clubhouse and pool.
- Spacious living room.
- Includes 2 bedrooms and 2 bathrooms.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.7k | $23.28 |
| − Vacancy | −$1.2k | −$0.98 |
| EGI | $26.5k | $22.30 |
| − OpEx | −$11.9k | −$10.04 |
| NOI | $14.6k | $12.27 |
1,190 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$208.5K
$182.5K – $243.3K
NOI $14,597 @ 7.0% cap · market cap 8.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$308.8K
$270.2K – $360.2K
NOI $21,614 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Townhouse with 2 bedrooms, 2 bathrooms, and single-car garage.
Where is this residential income property located?
The property is located at 1871 Concordia Lake Circle 305 Cape Coral, FL.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Located next to the Concordia Clubhouse and pool.; Spacious living room.; Includes 2 bedrooms and 2 bathrooms.
