4616 Southeast 5th Avenue

Cape Coral, FL 33904

$569,000
Price
4
Beds
4
Baths
1,560 Sq. Ft.
$365 / Sq. Ft.
1,560
Sq. Ft.
$365
per Sq. Ft.

Description

Unlock the potential of this .34-acre property in the heart of Cape Coral, featuring a well-maintained duplex with city-approved plans to build an additional three-unit multifamily building. Each existing unit offers 2 bedrooms, 2 bathrooms, updated flooring, and separate entrances to each bedroom, making it easy to maximize rental income by splitting the units into 4 separate 1 bedroom rentals. Recent upgrades include a new roof, hot water heater, and air conditioning units, all replaced within...Unlock the potential of this .34-acre property in the heart of Cape Coral, featuring a well-maintained duplex with city-approved plans to build an additional three-unit multifamily building. Each existing unit offers 2 bedrooms, 2 bathrooms, updated flooring, and separate entrances to each bedroom, making it easy to maximize rental income by splitting the units into 4 separate 1 bedroom rentals. Recent upgrades include a new roof, hot water heater, and air conditioning units, all replaced within the last two years. The property boasts ample driveway parking, a detached common laundry area with storage, and screened-in patios with stunning southern-facing sunset views. Negotiable furniture gives you the flexibility to rent immediately or start fresh with your own design. Located just minutes from downtown Cape Coral, this property is within walking distance of shopping, dining, and entertainment. Enjoy the vibrant local scene with events like farmers markets, Bike Nights, and art walks. The upcoming Cape Coral Yacht Club & Beach are a short drive, while Fort Myers Beach and Sanibel Island are only 20 and 30 minutes away, respectively. Future developments, including the $100 million Bimini Square Project, Yacht Club renovation, Deep Lagoon waterfront restaurant, retail shops, luxury apartments, and Lee Health Medical facility, make this an even more attractive investment opportunity. Whether you're looking to live in one unit and rent the others or take advantage of the approved expansion, this property offers unmatched potential in a rapidly growing area. Don't miss out—schedule your private tour today to explore this unique investment opportunity!
  1. Listed by Amanda Lagana • EXP Realty, LLC
  2. Listed by Angelica Lynn • EXP Realty LLC

Property Details for 4616 Southeast 5th Avenue

Development
CAPE CORAL
Building Design
Duplex
Community Type
Non-Gated
Waterfront
No
Waterfront Desc
None
Waterfront Desc
None
View
None/Other
LISTING UPDATED: 10/03/2024 06:12 PM

Property Details for 4616 Southeast 5th Avenue

StatusActive
MLS #224065373
Days on Market117
Taxes$4,554 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.34 AC / 14,984 SF
CountyLee County

Building Information for 4616 Southeast 5th Avenue

Stories-Residences2Year Built1964Building Size-Lot Size0.34 AC / 14,984 SF

Property Information for 4616 Southeast 5th Avenue

Summary
Location and General Information
  • City: CAPE CORAL
  • Human Modified: Yes
  • Latitude: 26.57
  • Longitude: -81.96
  • MLS Area Major: CC12 - Cape Coral Unit 7-15
  • Pets: No Approval Needed
  • Postal Code: 33904
  • Street Direction Prefix: SE
  • Street Name: 5th
  • Street Number: 4616
  • Street Suffix: AVE
  • Block: 285
  • Full Address: 4616 SE 5th AVE
Parking
  • Covered Spaces: .00
Taxes and HOA Information
  • Amenity Rec Fee: $.00
  • Application Fee: $.00
  • Association Fee Total Frequency: Annually
  • Association Fee 2: $.00
  • Tax Annual Amount: $4,554.43
  • Tax Year: 2023
  • Transfer Fee: $.00
  • Association Fee 3: $.00
Property
Lot Information
  • Development Name: CAPE CORAL
  • Parcel Number: 12-45-23-C3-00285.0270
  • Property Type: Residential Income
  • Section: 12
  • Lot Unit: 27
  • Source of Measure Lot Dimensions: Appraiser
  • Lot Desc: Multiple Lots
  • Acres: 0.344
  • Lot Size Area: 0.344
  • Lot Size Dimensions: 120 x 125 x 120 x 125
  • Source of Measurements: Appraiser
  • Lot Size Units: Acres
  • Legal Desc: CAPE CORAL UNIT 9 BLK 285 PB 13 PG 15 LOTS 27 28 + 29
Property and Assessments
  • Total Area: 1560.0
  • Possession: Close Of Escrow
  • Property Condition: Resale
  • Property Sub Type: Duplex
  • Township: 45
  • Range: 23E
  • Special Assessment: 0.00
  • Sub Condo Name: CAPE CORAL
  • Year Built Numeric: 1964
  • Property Sub Type Additional: Duplex
  • Zoning Code: R3-D
Lease Information
  • Land Lease Fee: $.00
  • Lease Amount Per Area Unit: Dollars Per Square Foot
  • One Time Land Lease Fee: $.00
  • One Time Mandatory Club Fee: $.00
  • One Time Othe Fee: $.00
  • One Time Special Assessment Fee: $.00
Utilities
  • Sewer: Assessment Paid
  • Utilities: Cable Available
  • Water Source: Assessment Paid
  • Water: Assessment Paid
Multi Family
Multi-Family Information
  • Gross Rental Income: $4,000.00
  • Annual Net Operating Income: $.00
  • Annual Food And Beverage Minimum: 0.00
  • Number Of Units Total: 1
  • Annual Expenses: $.00
  • Other Fee: $.00
  • Units in Building: 2
Unit 1 Information
  • Monthly Gross Income: $4,000.00
  • Unit Type Baths Total: 4
  • Unit Type Beds Total: 4
  • Unit Type Description: Family,Laundry Common,Screened Lanai/Porch,Cable Available,Ceiling Fan(s),Cooktop,Dishwasher,Dryer,Microwave,Range,Refrigerator,Smoke Detector,Washer
  • Furnished: Furnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 4000
  • Unit Type Type: Item4BedroomOrMore
  • Unit Type Num Full Baths: 4
  • Unit Type Num Half Baths: 0
  • Living Area: 1560.0
Interior and Exterior Features
Exterior Features
  • Architectural Style: Duplex
  • Association Amenities: None
  • Canal Width: None
  • Community Features: Non Gated
  • Construction: Poured Concrete, Concrete Block
  • Exterior Features: Patio, Room For Pool, Storage
  • Exterior Features: Patio, Room for Pool, Storage, Extra Building
  • Irrigation Source: None
  • Other Structures: Outbuilding
  • Patio And Porch Features: Patio
  • Private Pool: No
  • Roof: Shingle
  • Structure Type: Duplex
  • Gulf Access: No
  • Spa: No
Interior Features
  • Baths Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 4.0
  • Beds Total: 4
  • Cooling: Central Air, Ceiling Fans, Electric
  • Cooling: Yes
  • Elevator Text Details: None
  • Flooring: Laminate, Vinyl
  • Heating: Central, Electric
  • Heating: Yes
  • Window Features: Jalousie
Rental
Rental Information
  • One Time Rec Lease Fee: $.00

Property History for 4616 Southeast 5th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4616 Southeast 5th Avenue

Taxable ValueLand$99,275Additions$105,651Total$204,926
Tax Record2023$4,554 ($380 / month)
Home Facts
Beds4Total Finished SqFt780 SqFtAbove Grade Finished SqFt780 SqFtStories1Lot Size15,000 SqFtStyleSingle Family ResidenceYear Built1964Year Renovated1985ZoningR3-DCountyLEEAPN12-45-23-C3-00285.0270

Schools near 4616 Southeast 5th Avenue

This home is within Lee.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 5
Rating
School
Distance
Pelican Elementary School
PublicPK to 5

Gulf Elementary School
PublicPK to 5

Skyline Elementary School
PublicPK to 5

Cape Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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4616 Southeast 5th Avenue is a multi-family home for sale in Cape Coral, FL 33904. This property was listed for sale on August 8, 2024 by EXP Realty, LLC, it's currently listed at $569,000. It has been on the market for a total of 117 days and was last sold on April 26, 2022. This listing's school district is Lee. Nearby schools include Pelican Elementary School, Gulf Elementary School and Skyline Elementary School. 4616 Southeast 5th Avenue is a 4-bed, 4-bath, 1,560 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP Realty, LLC, Amanda Lagana; EXP Realty LLC, Angelica Lynn

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