Cape Coral Condo with Gulf
4912 Vincennes Street 101 Cape Coral, FL 33904
For Sale
$189,000
Pending
Updated 2-bedroom condo with canal view and community amenities.
Property Size1,094 SF
Lot Size0.29 Acres
Days on Market642
Property Features for 4912 Vincennes Street 101
General Information
- Standard status
- Pending
- Size
- 1,094 SF
- Lot size
- 0.29 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1973
Listing Agency:
Premiere Plus Realty Company
(239) 747-5652
Listed By:
Suzie Villanueva · License #258028356
(239) 747-5652
Source:
Exitrealty
Added: Oct 23, 2024
Changed: Jul 6
Last Checked: Jul 25 at 6:23AM
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 Premiere Plus Realty Company
Investment Insights
Based on property information with market context.
This 1094 square foot, first-floor end unit is located in Cape Coral, within the Marlou Villas Condo community. The property offers convenient access to restaurants, pharmacies, grocery stores, and local shops. The 2-bedroom, 2-bathroom condo features an open kitchen and a screened-in lanai overlooking a canal. Impact-resistant sliding doors and windows have been installed. Recent updates include a new stove, dishwasher, microwave, bathroom vanities, toilets, and paint. The unit features tiled and vinyl floors throughout and a keyless front lock. Composite boat docks are available, and boat slips are available on a first-come, first-served basis. Water is included in the HOA fee. One assigned parking space is included, and guest parking spaces are available. Community amenities include a heated pool and shuffleboard. The community room includes a pool table, kitchenette area with an island, a dining table, a laundry room, and a bathroom. Pets are allowed.
Key Highlights
- Gulf Access Condo
- Updated with impact resistant sliding doors and windows, new appliances, bathroom vanities, toilets, and paint
- Pet Friendly
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 | $25.5k | $23.28 |
| − Vacancy | −$1.1k | −$0.98 |
| EGI | $24.4k | $22.30 |
| − OpEx | −$11.0k | −$10.04 |
| NOI | $13.4k | $12.27 |
1,094 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$191.7K
$167.7K – $223.7K
NOI $13,419 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$283.9K
$248.4K – $331.2K
NOI $19,871 @ 7.0% cap · market cap 10.51%
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 - Updated 2-bedroom condo with canal view and community amenities.
Where is this residential income property located?
The property is located at 4912 Vincennes Street 101 Cape Coral, FL.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Gulf Access Condo; Updated with impact resistant sliding doors and windows, new appliances, bathroom vanities, toilets, and paint; Pet Friendly
