4708-4712 Southeast 5th Place, Unit 101204

Cape Coral, FL 33904

$2,490,000
Price
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Beds
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per Sq. Ft.

Description

Great investment property! Located in one of the most booming areas in Cape Coral, in walking distance to the Bimini Basin, where a $120 million redevelopment project ("Bimini Square") is expected to include new luxury apartments, a waterfront restaurant, a variety of retail shops, office space, a medical facility, boat slips and more. This property consists of two buildings with 4 condo units in each building (with every unit having its own strap #) and a swimming pool between the buildings. All...Great investment property! Located in one of the most booming areas in Cape Coral, in walking distance to the Bimini Basin, where a $120 million redevelopment project ("Bimini Square") is expected to include new luxury apartments, a waterfront restaurant, a variety of retail shops, office space, a medical facility, boat slips and more. This property consists of two buildings with 4 condo units in each building (with every unit having its own strap #) and a swimming pool between the buildings. All 8 condo units have the same size and the same layout, each with 2 bedrooms and 2 bathrooms. All units have recently been remodeled in 2024 (interior paint, new kitchen cabinets + countertops, new stainless stell appliances, full bathroom remodel) and feature tile flooring throughout (except one unit that has luxury vinyl plank). There are laundry rooms in all units and the owner owns the washer and dryers. All units are fully rented with future upside potential in the rents. The 4 units that are on the water side of the building also have screened-in lanais. Both buildings have new exterior paint. The roof was installed in 2018 (and inspected after Hurricane Ian). The Property is located right at the Rubican canal and has its own concrete boat dock and gulf access! 90 feet of new seawall were installed in 2022/2023. This gem has it all!
  1. Listed by Frank Dittschar, LLC • Premiere Plus Realty Company

Property Details for 4708-4712 Southeast 5th Place, Unit 101204

Area
CC12 - Cape Coral Unit 7-15
Waterfront
Yes
Waterfront Desc
Canal
Gulf Access Type
Bridge(s)/Water Indirect

Location

Listing Courtesy of Premiere Plus Realty Company, Frank Dittschar, LLC
Add your commute
LISTING UPDATED: 04/08/2024 02:16 PM

Property Details for 4708-4712 Southeast 5th Place, Unit 101204

StatusActive
MLS #224027164
Days on Market44
Taxes$29,658 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1984
Lot Size0.44 AC / 19,166 SF
CountyLee County

Location

Listing Courtesy of Premiere Plus Realty Company, Frank Dittschar, LLC
Add your commute

Building Information for 4708-4712 Southeast 5th Place, Unit 101204

Stories2Residences-Year Built1984Building Size-Lot Size0.44 AC / 19,166 SF

Payment Calculator

$16,060 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,589

Property Taxes

$2,472

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4708-4712 Southeast 5th Place, Unit 101204

Summary
Location and General Information
  • Status Type: Resale Property
  • Property Location: Walking distance to Bimini Basin, Cape Coral Pkw E and restaurants, shops, entertainment
Parking
  • Attached Garage: No
  • Carport: No
  • Covered Spaces: 0
  • Garage: No
  • Total Parking: 12
HOA and Fees
  • HOA Desc: Yes
  • Tax Annual Amount: $29,657.62
Interior and Exterior Features
Interior Features
  • Living Area Units: Square Feet
  • Total Floors: 2
  • Fireplace: No
  • Heating: Yes
  • Cooling Remarks: Central
  • Heating Remarks: Central
Exterior Features
  • Commercial Amenities: Swimming Pool, Boat Dock, 12 Open Parking Spaces
  • Number Of Spaces Units: 8
Property Information
Utilities
  • Cooling: Yes
  • Cooling YN: No
  • Heating YN: No
  • Electric On Property: Yes
Lot Information
  • Property Highlights: Common swimming pool shared by the two buildings. 135 feet of seawall/water frontage with concrete boat dock.
  • Maximum Subject Property Sq Ft: 20590
  • Minimum Subject Property Sq Ft: 20590
Rental
Rental Information
  • Land Lease: No
  • Horse: No
  • Lease Amount: $14,400.00
  • Tenancy: Multiple
  • Lease Rate Desc: Monthly Gross
  • Lease Number Of Elevators: 0

Property History for 4708-4712 Southeast 5th Place, Unit 101204

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 4708-4712 Southeast 5th Place, Unit 101204

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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Similar Sold Homes

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4708-4712 Southeast 5th Place, Unit 101204 is a multi-family home for sale in Cape Coral, FL 33904. This property was listed for sale on March 22, 2024 by Premiere Plus Realty Company, it's currently listed at $2,490,000. It has been on the market for a total of 44 days and was last sold on March 25, 2022. This listing's school district is Lee. Nearby schools include Pelican Elementary School, Gulf Elementary School and Skyline Elementary School. 4708-4712 Southeast 5th Place, Unit 101204 is a 0-bed, 0-bath, multi-family home built in 1984.

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. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Premiere Plus Realty Company, Frank Dittschar, LLC

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.