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    1022/1024 SE 11th Street

    Cape Coral, FL 33990
    • $359,000
    • STATUS: Pending
    • ON SITE: 12 days
    • MLS #: 221021882
    Pending
    UPDATED: 80 min ago
    $359,000
    • 6
      BEDS
    • 0.23
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2003
    County:
    Lee

    School Ratings & Info

    Description

    Seller asking for highest and best offer by 3 PM, Wednesday, April 7, 2021. Great investment opportunity with this duplex. One side rents for $1300 and the other for $1200. The $1200 side is on month to month, so that rent can be raised at any time. Gross annual income is $30,000 minus taxes ($4500), insurance ($1500), and with a generous 10% allowance for vacancy collection, and repairs ($3000), you collect a net income each year of $21,000. Or you can give notice to the month to month tenant and live on that side with gross rent of $15,600 from the other side. Each unit has 3 bedrooms, 2 baths and 1 car garage. Each side features vaulted ceilings, tile throughout and a private screened lanai. One unit has just been painted inside and has a new hot water heater and new refrigerator. The other unit was painted throughout in 2019. One AC is 2018 and the other was installed in 2016 This is a great rental location in the heart of Cape Coral, close to stores, restaurants, schools, and commuter routes. All assessments are paid.

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    © 2021 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Realty Team. Data last updated 2021-04-16T21:31:03.817.
    www.realtyteamleecounty.com/homes/115747527
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    1022/1024 SE 11th Street Cape Coral, FL 33990

    • Price: $359,000
    • Status: Pending
    • Updated: 80 min ago
    • MLS #: 221021882
    6
    Beds
    4
    Baths
    0
    ½ Baths
    0.23
    Acres
    2003
    Built
    Neighborhood:
    Cape Coral
    County:
    Lee
    Area:
    Cc14 - Cape Coral Unit 16,18,22-
    Property Description
    Seller asking for highest and best offer by 3 PM, Wednesday, April 7, 2021. Great investment opportunity with this duplex. One side rents for $1300 and the other for $1200. The $1200 side is on month to month, so that rent can be raised at any time. Gross annual income is $30,000 minus taxes ($4500), insurance ($1500), and with a generous 10% allowance for vacancy collection, and repairs ($3000), you collect a net income each year of $21,000. Or you can give notice to the month to month tenant and live on that side with gross rent of $15,600 from the other side. Each unit has 3 bedrooms, 2 baths and 1 car garage. Each side features vaulted ceilings, tile throughout and a private screened lanai. One unit has just been painted inside and has a new hot water heater and new refrigerator. The other unit was painted throughout in 2019. One AC is 2018 and the other was installed in 2016 This is a great rental location in the heart of Cape Coral, close to stores, restaurants, schools, and commuter routes. All assessments are paid.
    Exterior Features

    Architectural Style Duplex Construction Materials BlockConcreteStucco Covered Spaces 0 Exterior Features Sprinkler/Irrigation Irrigation Source Included in Assessment Lot Features Rectangular LotSprinklers Automatic Lot Size Dimensions 80 X 125 X 80 X 125 Roof Shingle Structure Type Duplex Waterfront Features None Waterfront YN No

    Interior Features

    Cooling Central AirCeiling Fan(S)Electric Flooring Tile Heating CentralElectric Window Features Single Hung

    Property Features

    Association Amenities None Association Fee 0 Association Fee2 0 Community Features Boat Facilities Development Name CAPE CORAL Gross Income 0 Gross Scheduled Income 30000 Gulf Access YN 0 Land Lease Amount 0 Listing Terms All Financing ConsideredCashFhaVa Loan Net Operating Income 21000 Operating Expense 6000 Pets Allowed Yes Pool Private YN No Potential Short Sale YN N Property Condition Resale Property Sub Type Duplex Restrictions Road Responsibility Public Maintained Road Sewer Assessment PaidPublic Sewer Spa YN No Tax Annual Amount 3993 Tax Block 768 Tax Lot 3 Tax Year 2018 Tenant Pays Application FeeCable TvElectricityInternetPest ControlPet DepositTelephoneWater Water Source Assessment PaidPublic Zoning Description 33990

    Listing courtesy of Toni Zimmer of 4 Seasons Realty Llc.


    © 2021 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Realty Team. Data last updated 2021-04-16T21:31:03.817.
     
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    RE/MAX Realty Team
    2326 Del Prado Blvd
    Cape Coral FL, 33990