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For sale
Residential income properties
FL
Cape Coral
33904
4912 Vincennes Street 101

Cape Coral Condo with Gulf Access

4912 Vincennes Street 101, Cape Coral, FL 33904

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For Sale

$189,000

Updated 2-bedroom condo with canal view and community amenities.

Type:Condo/Townhome

Property size:

1,094 SF

Lot size:

0.29 Acres

Price / SF:

$172/SF

HighLights

Gulf Access Condo
Updated with impact resistant sliding doors and windows, new appliances, bathroom vanities, toilets, and paint
Pet Friendly
First Floor End Unit with Screened‑In Lanai overlooking canal
Community amenities include a heated pool, shuffleboard, and community room
Boat docks and slips available on a first come, first serve basis

We can help!

Listing Contact

Suzie Villanueva

For Sale

$189,000

Updated 2-bedroom condo with canal view and community amenities.

Type:Condo/Townhome

Property size:

1,094 SF

Lot size:

0.29 Acres

Price / SF:

$172/SF

Added:: Oct 22, 2024
Days on Market:: 597
Last Refresh:: May 19 at 8:37 pm

Property Features for 4912 Vincennes Street 101

General Information

Standard status: Active
Size: 1,094 SF
Lot size: 0.29 Acres
Property subtype: Condo/Townhome

Building Details

Year Built: 1973

We can help!

Listing Contact

Suzie Villanueva

Listing agent Suzie Villanueva License #258028356

Listing office Premiere Plus Realty Company

Listing date Oct 22, 2024

Source Exitrealty

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

HighLights

Gulf Access Condo
Updated with impact resistant sliding doors and windows, new appliances, bathroom vanities, toilets, and paint
Pet Friendly
First Floor End Unit with Screened‑In Lanai overlooking canal
Community amenities include a heated pool, shuffleboard, and community room
Boat docks and slips available on a first come, first serve basis

Overview

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.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

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 (±1% cap)

NOI $19,871 @ 7.0% cap · market cap 10.51%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Residential income properties

Suggested Use

Location Insight

Map
Local Demand

City: Cape Coral
County: Lee
State: Florida
Longitude: -81.9521499
Latitude: 26.5594945

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For sale
Residential income properties
FL
Cape Coral
33904
4912 Vincennes Street 101

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