937 SE 23Rd Pl 1-5 Cape Coral, FL 33990
Fully occupied five-plex offering investors a turnkey, low-maintenance income stream in one of Southwest Florida's fastest-growing rental markets. The 4,957 sq. ft. property is comprised of five 2-bedroom/1-bathroom units with an annual gross income of $96,000. Ownership has recently invested significantly in the asset, including a new roof, hurricane-resistant impact windows throughout, fully renovated bathrooms, full exterior paint, parking lot reseal and stripe, and replacement of all A/C units, substantially reducing near-term capital exposure for a new buyer. • Hurricane resistant impact windows (2025) • Renovated bathrooms (2025) • All new A/C units (2024-25) • New roof (2023) • Parking lot reseal & stripe (2023) • Full exterior paint (2023) bikeScore: 50, Bikeable walkScore: 4, Car-Dependent
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My Sweet Creation Balloon Decor & Soft Play Rentals Party Supply Store Rental Equipment Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.