4616 Southeast 5th Avenue
$569,000
4
4
1,560
1,560
$365
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!
- Listed by Amanda Lagana • EXP Realty, LLC
- Listed by Angelica Lynn • EXP Realty LLC
Property Details for 4616 Southeast 5th Avenue
Development
CAPE CORAL
Building DesignDuplex
Community TypeNon-Gated
WaterfrontNo
Waterfront DescNone
Waterfront DescNone
ViewNone/Other
LISTING UPDATED: 10/03/2024 06:12 PM
Property Details for 4616 Southeast 5th Avenue
Status | Active |
---|---|
MLS # | 224065373 |
Days on Market | 117 |
Taxes | $4,554 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1964 |
Lot Size | 0.34 AC / 14,984 SF |
County | Lee 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
Property History for 4616 Southeast 5th Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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