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4616 SE 5th Avenue, Cape Coral, FL 33904

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For Sale

$569,000

4 beds • 4 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Over 50 Years Old
    Age

Explore this Property

Unlock the potential of this .34-acre property in the heart of Cape Coral, featuring a well-maintained duplex with city-approved plans to build an additional three-unit multifamily building. Each existing unit offers 2 bedrooms, 2 bathrooms, updated flooring, and separate entrances to each bedroom, making it easy to maximize rental income by splitting the units into 4 separate 1 bedroom rentals. Recent upgrades include a new roof, hot water heater, and air conditioning units, all replaced within the last two years. The property boasts ample driveway parking, a detached common laundry area with storage, and screened-in patios with stunning southern-facing sunset views. Negotiable furniture gives you the flexibility to rent immediately or start fresh with your own design. Located just minutes from downtown Cape Coral, this property is within walking distance of shopping, dining, and entertainment. Enjoy the vibrant local scene with events like farmers markets, Bike Nights, and art walks. The upcoming Cape Coral Yacht Club & Beach are a short drive, while Fort Myers Beach and Sanibel Island are only 20 and 30 minutes away, respectively. Future developments, including the $100 million Bimini Square Project, Yacht Club renovation, Deep Lagoon waterfront restaurant, retail shops, luxury apartments, and Lee Health Medical facility, make this an even more attractive investment opportunity. Whether you're looking to live in one unit and rent the others or take advantage of the approved expansion, this property offers unmatched potential in a rapidly growing area. Don't miss out schedule your private tour today to explore this unique investment opportunity!
MLS# 224065373

Courtesy Of EXP Realty LLC

(239) 471-2550

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock, Patio, Ceiling Fan, Cable Ready
  • Architecture Style
    Other
  • Cooling System
    Ceiling Fan(s)
  • Exterior Type
    Block, Concrete, Stucco
  • Floor Covering
    Laminate, Vinyl
  • Heating System
    Central Furnace
  • Lot Size
    0.34 Acres

Map and Directions

Directions to 4616 SE 5th Avenue, Cape Coral, FL 33904

Home seller CENTURY 21 SUNBELT REALTY

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 SUNBELT REALTY

(239) 542-8611
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Monthly Payment Breakdown

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Copyright © 2024 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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