$690,000
$745,000
7.4%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
8 Baths
0.39 Acres Lot
SOLD DATE : 07/28/2025
Key Details
Sold Price $690,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Cape Coral
MLS Listing ID 225040494
Sold Date 07/28/25
Bedrooms 8
Full Baths 8
Year Built 1980
Annual Tax Amount $9,125
Tax Year 2024
Lot Size 0.386 Acres
Acres 0.386
Property Sub-Type Quadruplex
Source Florida Gulf Coast
New Construction No
Property Description
Rarely available quadplex for sale in the heart of Cape Coral. This fantastic opportunity boasts a total of 8 bedrooms and 8 bathrooms spread across four separate units. Each unit features a comfortable and spacious 2-bedroom, 2-bathroom layout, making it perfect for renters. All units have their own screened in lanai (two units in the front, and two in the back). Whether you're a seasoned investor aiming to grow your portfolio or an owner-occupant wanting to live in one unit and rent out the rest, this property is a winner! Recent upgrades include a new roof in 2019, fresh exterior paint in 2024, a new AC unit in Unit C in 2023, a new dishwasher in Unit B in 2024, and a new refrigerator in Unit D in 2022, updated luxury vinyl flooring in Unit D in 2024. The courtyard area boasts a meticulously planned and executed landscaping design, including lush and vibrant greenery. For tenants, privacy is key. Strategically planted hedges offer a natural screen, providing a sense of seclusion and peace. Looking for a hassle-free investment that starts paying you back right away? This property comes with the fantastic advantage of already having long-term tenants in place! All four units are tenant occupied. Plus, you can rest easy knowing the property has been professionally managed, ensuring smooth operations and happy tenants. This means instant income and a smooth transition for you as the new owner. This property boasts a highly desirable central location, placing residents within easy reach of essential amenities. Its proximity to hospitals, reputable schools, entertainment, restaurants and a variety of shopping destinations guarantees unparalleled convenience for tenants. Don't miss this opportunity – call now to arrange your visit!
Location
State FL
County Lee
Area Cc14 - Cape Coral Unit 16, 18, 22-
Zoning R3-D
Direction From Viscaya Pkwy, South onto SE 24th Ave, properties are on your right.
Interior
Heating Central Electric
Cooling Ceiling Fan(s), Central Electric
Flooring Carpet, Tile, Vinyl
Window Features Single Hung
Exterior
Exterior Feature Courtyard
Community Features None, Non-Gated
Utilities Available Cable Available
Waterfront Description None
Roof Type Shingle
Private Pool No
Building
Faces From Viscaya Pkwy, South onto SE 24th Ave, properties are on your right.
Sewer Assessment Paid
Water Assessment Paid
Structure Type Concrete Block,Stucco
New Construction No
Others
Tax ID 20-44-24-C2-01399.0290
Acceptable Financing Buyer Finance/Cash
Listing Terms Buyer Finance/Cash
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Bought with United Realty Group Inc