Canal View Condo with
511 SE 43rd Street 104 Cape Coral, FL 33904
511 SE 43rd Street 104, Cape Coral, FL, 33904
$249,900
Pending
For Sale
$249,900
Pending
Updated condo with canal view, community dock, and solar-heated pool.
Property Size1,269 SF
Lot Size0.17 Acres
Days on Market753
Property Features for 511 SE 43rd Street 104
General Information
- Standard status
- Pending
- Size
- 1,269 SF
- Lot size
- 0.17 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 1983
Listing agency
Legacy Premier Realty LLC
(239) 910-1273
Listed by
Andrea Quilter · License #678511129
(239) 910-1273
Source
Exitrealty
Added: Jul 1, 2024 Updated: Jul 10 at 1:04PM Checked: Jul 22 at 8:03AM
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 Legacy Premier Realty LLC
Investment Insights
Based on property information with market context.
This light and airy condo offers views of the Rubicon Canal, the largest canal in Cape Coral, where boaters and dolphins can be observed. The property features updates including rustic white, solid wood, soft close cabinets and granite countertops. Fresh neutral paint is present throughout, complemented by new luxury vinyl plank flooring in the bedrooms. The condo has no carpet. A newer hot water tank and a new AC unit are installed. The owner's bedroom includes a large closet and canal views with sliding doors leading to the lanai. The split bedroom floor plan offers privacy. Motorized and manual crank shutters provide hurricane protection. Additional features include a wet bar and laundry room. Solar shades on the lanai provide comfort. A solar-heated pool is located just outside the lanai. An additional storage closet is available outside. The property is conveniently located near shopping, restaurants, the Bimini Basin, and the downtown entertainment district.
Key Highlights
- Rubicon canal front condo with community dock and boat tie‑up.
- New AC and newer hot water tank.
- Updated kitchen with rustic white, solid wood, soft close cabinets and granite countertops.
Local 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 | $29.5k | $23.28 |
| − Vacancy | −$1.2k | −$0.98 |
| EGI | $28.3k | $22.30 |
| − OpEx | −$12.7k | −$10.04 |
| NOI | $15.6k | $12.27 |
1,269 SF · lease $23.28/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$222.4K
$194.6K – $259.4K
NOI $15,566 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.3K
$288.1K – $384.2K
NOI $23,049 @ 7.0% cap · market cap 9.22%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Residential income property - Updated condo with canal view, community dock, and solar-heated pool.
Where is this residential income property located?
The property is located at 511 SE 43rd Street 104 Cape Coral, FL.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Rubicon canal front condo with community dock and boat tie‑up.; New AC and newer hot water tank.; **Updated kitchen with rustic white, solid wood, soft close cabinets and granite countertops.**
