4701 Se 5th Place, Cape Coral, FL 33904

$369,900
4
BD
4
BA
2,318
SqFt
List Price
$369,900
Listing Price
$369,900
Days on Market
197
MLS#
SWFL-220048698
Development
Cape Coral
Building Design
Duplex
County
Lee
Region
CC12 - Cape Coral Unit 7-15
Development
Cape Coral
Subdivision
Cape Coral
Year Built
1964

Property Description

The "HIGHEST and BEST" usage for this property may not be the updated 2 bedroom and two bathroom 1964 built duplex that currently sits on the 0.455 Ac. site in this downtown location. This property is within walking distance to one of Cape Coral's Inn's. This property/location is just shy of 1/2 an acre. Current code is 16 units per acre. A minimum of 6 units without a variance can be built. Possibly more units could be approved with a variance. Please do your due diligence before making an offer to verify what can or can not be built on this property. The duplex is fully rented. The current monthly rent is $2300 a month. The owner updated this duplex with ALL new Kitchens and Baths 10+ years ago. That includes granite counter tops, stainless steel appliances. The laundry room is off the kitchen. One side has a jealousy window, covered porch. The right side has a nice large screened in covered porch. Professional property management is in place. Investors/Developers can continue to rent the current duplex out until you have your plans and permits in place to build your project. Water and Sewer Assessment are PAID.

Additional Information

Tax Year
2019
Units
2
Bathrooms
4
Approximate Living Area
2,318
Building Description
1 Story/Ranch
Lot Size
0.46
Amenities
None, See Remarks
Water
Assessment Paid
Sewer
Assessment Paid, Public Sewer, See Remarks
Cooling
Central Air, Ceiling Fan(s), Electric
Waterfront Description
None
Community Type
Boat Facilities
Tenant Pays
Cable TV, Departure Cleaning, Electricity, Internet, See Remarks, Telephone, Water

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Rossman Realty Group Inc.

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