227-225 Cape Coral PKWY E, Cape Coral, FL 33904

$525,000
5
BD
4
BA
2,606
SqFt

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List Price
$525,000
Listing Price
$525,000
Days on Market
3
MLS#
226026704
Development
Cape Coral
Building Design
Duplex
County
Lee
Region
CC12 - Cape Coral Unit 7-15
Development
Cape Coral
Subdivision
Cape Coral
Year Built
1984
Lot Size
19,994

Property Description

Income Today Upside tomorrow. OPPORTUNITY KNOCKS on Cape Coral Parkway! This existing duplex includes a one-car attached garage on one side and offers multiple possibilities for rental income, expansion, or future redevelopment. The multifamily property includes additional land that may provide the opportunity to construct another duplex while retaining the existing structure. You may also consider removing the existing improvements and redeveloping the combined property for multiple residential units, potentially more than four units, depending on allowable density, setbacks, parking, utilities, site-plan requirements, and final approval from the City of Cape Coral. Buyers should independently verify all development possibilities with the City. DO NOT DISTURB TENANTS!!!! Recent permit history includes a Re-roof completed in 2022 and re-piping work completed in 2004 for both sides.

Additional Information

Tax Year
2025
Bathrooms
4
Approximate Living Area
2,606
Building Description
Duplex
Lot Size
0.459
Amenities
None
Water
Assessment Paid
Cooling
Ceiling Fan(s), Central Electric
Waterfront Description
None
Boat Access
None
Community Type
No Subdivision

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Calculator source: Real Geeks

Courtesy of Realty One Group MVP.

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