Duplex with Screened
For Sale
$425,000
3417 /3419 Skyline Boulevard, Cape Coral, FL 33914
Both units are rented and feature remodeled kitchens, bathrooms, ceramic tile floors, and cathedral ceilings.
Property Size2,200 SF
Price / SF$193.18
Days on Market76
Property Features for 3417 /3419 Skyline Boulevard
General Information
Standard status
Active
Size
2,200 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Utilities to Site
Yes
Amenities
screened porches
Building Details
Year Built
2002
Tenancy
Multi
Listing Agency:
MAKS Realty Inc
Listed By:
Manny Gonzalez · License #252010416
(239) 707-7967
Source:
Swfloridarealestate
Added: Aug 4
Changed: Oct 6
Last Checked: Oct 7 at 12:53PM
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 MAKS Realty Inc
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Investment Insights
Based on property information with market context.
This 2200-square-foot duplex, built in 2002, contains two residential units with a consistent three-bedroom, two-bathroom layout. Each unit includes a one-car attached garage, ceramic tile flooring, cathedral ceilings, remodeled kitchens and bathrooms, and a large screened porch. Both units are currently rented.
The property is located in southwest Cape Coral with access to major roads, shopping, and dining. City water and sewer serve the duplex, and all assessments are paid. The roof was installed in 2017, providing a clearly documented recent improvement for the building.
The property is located in southwest Cape Coral with access to major roads, shopping, and dining. City water and sewer serve the duplex, and all assessments are paid. The roof was installed in 2017, providing a clearly documented recent improvement for the building.
Key Highlights
- 2200‑square‑foot duplex with two three‑bedroom, two‑bathroom units
- Each unit includes a one‑car attached garage and large screened porch
- Remodeled kitchens and bathrooms in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,120
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$582,400
$582.4K
Cap Rate 7%
$416,000
$416.0K
Cap Rate 9%
$323,556
$323.6K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$43.6K $19.80/SF
− Vacancy
−$2.0K −$0.89/SF
EGI
$41.6K $18.91/SF
− OpEx
−$12.5K −$5.67/SF
NOI
$29.1K $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%
$582,400
Cap Rate 7%
$416,000
Cap Rate 9%
$323,556
Alternative Uses
Best Use
Multifamily LT 5
$416.0K
$364.0K – $485.3K
NOI $29,120 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$385.5K
$337.3K – $449.8K
NOI $26,986 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$570.8K
$499.5K – $666.0K
NOI $39,959 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
Explore this area
Business Placement
Demographics for 33914, FL
42,222
Population
22,936
Households
1.8
Avg Household Size
52
Median Age
28%
College-Educated
95%
High-School Grad
22.4 sq mi
ZIP Area
1,885
Density / Sq Mi
$75,557
Median Household Income
$41,672
Median Earnings
$1,714
Median Rent
$408,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Both units are rented and feature remodeled kitchens, bathrooms, ceramic tile floors, and cathedral ceilings.
Where is this duplex located?
The property is located at 3417 /3419 Skyline Boulevard Cape Coral, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2200‑square‑foot duplex with two three‑bedroom, two‑bathroom units; Each unit includes a one‑car attached garage and large screened porch; Remodeled kitchens and bathrooms in both units
