$565,000

About This Property

Located in SE Cape Coral, this 4 unit concrete block multi tenant building is fully leased, Rents are well below market with tremendous potential and upside since the tenants are on a month to month basis or on short term leases (gross income is $45,798.96 annually) or $8.41 psf average. New roof in September of 2016, Zoned SC with a Land Use of DM, DOR Code is one story office / 17, in Flood Zone AE-7, City water, sewer, irrigation assessments are paid in full. Constructed in 1990. This opportunity is ideal for a 1031 TDE, owner user or investor. This multi tenant office building is located in the South Cape District, For an owner/ user, within the next 45 days, one 1,360 square foot space will be available for lease and includes a lobby, private offices, conference room and restroom.

infoProperty Details

Property Type

Office: Office Building,Office: RnD,Office: Warehouse

Year Built

1990

Lot Size

0.30 acres

Days on Market

194

Cumulative DOM

220

List Date

Jan 22, 2021

Sold Date

Sep 1, 2021

Annual Taxes

$5K (2020)

chairInterior Features

yardExterior & Lot

Mortgage calculator

Estimate excludes taxes, insurance, HOA dues, PMI, lender fees, and financial advice.

Listed By

Phil Deems Real Estate

239-945-4545