Property profile

1229 37Th Pl Cape Coral, FL 33993

OFF-MARKET
Residential income homes
Property ID
US18-9850800
Built 2023
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Residential income homes
Year built 2023
UPID US18-9850800

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1229 37Th Pl Cape Coral, FL 33993
Cape Coral metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1229 37Th Pl?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message