4836-4838 Marine Drive

Cape Coral, FL 33904

$525,000
Price
4
Beds
2,229 Sq. Ft.
$236 / Sq. Ft.
2,229
Sq. Ft.
$236
per Sq. Ft.

Description

Fantastic investment opportunity! Situated just South of Cape Coral Pkwy and only short distance from where developers have invested millions into redeveloping the area surrounding Bimini Basin. This duplex sits on an oversized corner parcel, has a circular drive, and features 2 units w/ great room design, open concept kitchen, 2 bedrooms, 2 full baths, 1-car garage, and one unit offers a screened-in pool. Currently one of the units (the one w/o the pool) is leased and the other unit just underwent...Fantastic investment opportunity! Situated just South of Cape Coral Pkwy and only short distance from where developers have invested millions into redeveloping the area surrounding Bimini Basin. This duplex sits on an oversized corner parcel, has a circular drive, and features 2 units w/ great room design, open concept kitchen, 2 bedrooms, 2 full baths, 1-car garage, and one unit offers a screened-in pool. Currently one of the units (the one w/o the pool) is leased and the other unit just underwent a complete renovation. Convenient location- short distance from the downtown area of Cape Coral, surrounded by lots of shopping/dining options, and has easy access to Fort Myers via the S Cape Coral Bridge.
  1. Listed by Jennifer Tarsia, PA • EXP REALTY LLC

Property Details for 4836-4838 Marine Drive

Subdivision Name
CAPE CORAL
Township
45
Garage Spaces
1
Waterfront
No

Location

Listing Courtesy of EXP REALTY LLC, Jennifer Tarsia, PA
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LISTING UPDATED: 04/22/2024 01:53 PM

Property Details for 4836-4838 Marine Drive

StatusActive
MLS #A4588812
Days on Market160
Taxes$6,672 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1987
Lot Size0.33 AC / 14,418 SF
CountyLee County

Location

Listing Courtesy of EXP REALTY LLC, Jennifer Tarsia, PA
Add your commute

Building Information for 4836-4838 Marine Drive

Stories-Residences2Year Built1987Building Size-Lot Size0.33 AC / 14,418 SF

Payment Calculator

$3,421 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,865

Property Taxes

$556

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4836-4838 Marine Drive

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Directions: From Cape Coral Pkwy turn onto Marine Dr (if heading East on CC Pkwy you will have to u-turn at Triton Ct W), property is last parcel on right side of road
  • Elementary School: Gulf Elementary
  • Middle Or Junior School: Gulf Middle School
  • High School: Ida S. Baker High School
  • Mls Major Change Type: Back On Market
  • Major Change Type: Back On Market
  • Listing Service: Full Service
  • Senior Community: No
  • SW Subdiv Community Name: Not Applicable
  • Unit Number: No
  • Street Number: 4836-4838
  • Street Name: MARINE
  • Street Suffix: DRIVE
  • State: FL
  • City: CAPE CORAL
Parking
  • Attached Garage: Yes
  • Available For Lease: Yes
  • Carport: No
  • Garage: Yes
  • Parking Features: Circular Driveway
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 90
  • Tax Book Number: 11-40
  • Tax Legal Description: CAPE CORAL UNIT 2 PART 3 BLK 90 PB 11 PG 40 LOT 22 + 23
  • Tax Lot: 22
  • Tax Year: 2022
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required, Irregular Lot, Oversized Lot
  • Parcel Number: 13-45-23-C1-00090.0220
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: SC
  • Living Area: 2229
  • Property Info: Walk-Up
Property and Assessments
  • Year Built Numeric: 1987
  • Flood Zone Code: AE
  • Homestead: No
  • New Construction: No
  • Property Attached: Yes
  • Property Condition: Completed
  • Property Description: Walk-Up
  • Public Survey Range: 23
  • Public Survey Section: 13
  • Dock YN: No
Utilities
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Public, Sewer Connected, Sprinkler Recycled, Water Connected
  • Water Source: Public
  • Num Electric Meters: 2.0
  • Num Water Meters: 2.0
Interior and Exterior Features
Exterior Features
  • Construction Materials: Concrete
  • Exterior Features: Irrigation System, Rain Gutters
  • Foundation Details: Slab
  • Levels: One
  • Pool Features: Auto Cleaner, In Ground
  • Pool Private: Yes
  • Pool: Private
  • Pool Private: Yes
  • Roof: Shingle
  • Spa: No
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 4
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Ceramic Tile
  • Heating: Central, Electric
  • Interior Features: Ceiling Fans(s), Eating Space In Kitchen, Split Bedroom
  • Laundry Features: In Garage
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $20,280.00
  • Est Annual Market Income: $50,400.00
  • Gross Income: $21,600
  • Total Monthly Expenses: $110
  • Unit Count: 2
Unit 1
  • Unit Type Baths Total 1: 2
  • Unit Type Beds Total 1: 2
  • Unit Type Garage Attached 1: Yes
  • Unit Type Garage Spaces 1: 1
  • Unit Type Number Of Units Occupied 1: 1
  • Unit Type Pro Forma 1: 1800
  • Unit Type Type 1: 2 Bed/2 Bath
  • Unit Type Units Total 1: 1
Unit 2
  • Unit Type Baths Total 2: 2
  • Unit Type Beds Total 2: 2
  • Unit Type Description 2: This side has a pool and has been fully renovated
  • Unit Type Garage Attached 2: Yes
  • Unit Type Garage Spaces 2: 1
  • Unit Type Pro Forma 2: 2400
  • Unit Type Type 2: 2 Bed/2 Bath
  • Unit Type Units Total 2: 1
Rental
Rental Information
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
  • Total Actual Rent: $1,800
  • Pets Allowed: Yes

Property History for 4836-4838 Marine Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 4836-4838 Marine Drive

Taxable ValueLand$34,500Additions$148,790Total$183,290
Tax Record2018$4,253 ($354 / month)
Home Facts
Beds4Above Grade Finished SqFt2,229 SqFtStories1Lot Size14,418 SqFtStyleMulti-Family Res (5+ Units)Year Built1987Year Renovated1988ZoningSCCountyLEEAPN134523C1000900220

Schools near 4836-4838 Marine Drive

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
Hancock Creek Elementary School
PublicPK to 5

Hector A. Cafferata Jr Elementary School
PublicPK to 5

Caloosa Elementary School
PublicPK to 5

Tropic Isles 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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4836-4838 Marine Drive is a multi-family home for sale in Cape Coral, FL 33904. This property was listed for sale on November 8, 2023 by EXP REALTY LLC, it's currently listed at $525,000. This listing's school district is Lee. Nearby schools include Hancock Creek Elementary School, Hector A. Cafferata Jr Elementary School and Caloosa Elementary School. 4836-4838 Marine Drive is a 4-bed, 0-bath, 2,229 sqft multi-family home built in 1987.

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.

Listing Courtesy of EXP REALTY LLC, Jennifer Tarsia, PA

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