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Property profile & analytics
OFF-MARKET
Residential income homes

1229 37Th Pl Cape Coral, FL 33993

Built 2023
Property ID
US18-9850800
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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