1125 5Th Ct Cape Coral, FL 33990
- Commercial real estate
- 3,411 SF
- 0.48 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1125 5Th Ct
- Year built
- 1983
- Lot size
- 0.48 lot acres
- Property size
- 3,411 SF
- Property type
- Commercial real estate
Description
This exceptional 4-unit apartment building in Cape Coral, Florida presents a compelling value-add investment opportunity. Built in 1983, the property boasts 3,411 square feet of rentable space across two one-story duplexes situated on a 0.48-acre lot. Each of the four units features two bedrooms and two bathrooms. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $36,856, with a pro-forma NOI projected at $55,518, representing a significant upside potential. The asking price is $690,000, translating to $172,500 per unit and a current cap rate of 5.34%, with a pro-forma cap rate of 8.05%. Conveniently located near major thoroughfares, including Pine Island Road, and situated between the Cape Coral Police Department and Fire Station, this property benefits from its prime location in a family-oriented community. Nearby amenities include Sun Splash Family Waterpark, Tarpon Point Marina, and the Cape Coral Historical Museum. The property's proximity to major employers like Lee Health Cape Coral Hospital and Publix Super Markets further enhances its appeal. This fee-simple ownership offers investors the chance to capitalize on rental increases and operational efficiencies to boost cash flow. Seller financing options are available.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Cape Coral
- County
- Lee
- State
- Florida
- Longitude
- -81.962742257333
- Latitude
- 26.629889365285