1229 37Th Pl Cape Coral, FL 33993
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 1229 37Th Pl
- Year built
- 2023
- Property type
- Residential income homes
Description
This exceptional investment opportunity in Northwest Cape Coral offers a guaranteed 6.0% cash flow for two years. The portfolio consists of two brand new, luxurious single-family homes, each boasting elegant design, high ceilings, and open-concept layouts. Gourmet kitchens feature sophisticated bar areas, stainless steel appliances, and high-quality cabinetry with quartz countertops. Elegant porcelain flooring runs throughout, complemented by spa-like bathrooms with glass-enclosed showers and innovative fixtures, including temperature-activated color-changing mirrors. The master suite includes a spacious walk-in closet, and a large laundry room offers custom cabinetry and ample storage. Each home also features a fully enclosed patio perfect for entertaining. Located in the desirable Burnt Store area, residents enjoy easy access to Pine Island, Matlacha, and the Coral Oaks golf course. The properties are situated near the upcoming 7 Islands development, making this a prime investment in one of South Florida's fastest-growing regions. With a total asking price of $1,270,000, a net operating income of $76,200, and two buildings constructed in 2023, this turnkey investment presents a compelling opportunity in a booming market. The sale includes a leaseback agreement. Each unit has a price of $635,000. The properties are located at 1229 NW 37th Pl and 1640 NW 38th Ave, Cape Coral, FL 33993.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cape Coral
- County
- Lee
- State
- Florida
- Longitude
- -82.050862297397
- Latitude
- 26.676411380929
