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    4701 SE 5th Place

    Cape Coral, FL 33904
    • $325,000
    • STATUS: Active
    • ON SITE: 237 days
    • MLS #: 220048698
    Price Reduced
    UPDATED: 39 min ago
    $325,000
    • 4
      BEDS
    • 0.46
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:
    Lee

    School Ratings & Info

    Description

    The "HIGHEST and BEST" usage for this property may not be the updated 2 bedroom and 2 bathroom 1964 built duplex you see? This model was originally built as a 1 Bedroom 1 bath unit & an Efficiency unit on each side. The original door to the efficiency was closed up on the front porch. This could easily be turned back into 4 unit for a possible vacation rental. The duplex sits on the 0.455 Ac in this downtown location. Current code is 16 units per acre. A minimum of 6 units without a variance can be built.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.

    Monthly Payment Calculator



    © 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 2021-04-14T16:31:55.38.
    www.realtyteamleecounty.com/homes/109146447
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    4701 SE 5th Place Cape Coral, FL 33904

    • Price: $325,000
    • Status: Active
    • Updated: 39 min ago
    • MLS #: 220048698
    4
    Beds
    4
    Baths
    0
    ½ Baths
    0.46
    Acres
    1964
    Built
    Neighborhood:
    Cape Coral
    County:
    Lee
    Area:
    Cc12 - Cape Coral Unit 7-15
    Property Description
    The "HIGHEST and BEST" usage for this property may not be the updated 2 bedroom and 2 bathroom 1964 built duplex you see? This model was originally built as a 1 Bedroom 1 bath unit & an Efficiency unit on each side. The original door to the efficiency was closed up on the front porch. This could easily be turned back into 4 unit for a possible vacation rental. The duplex sits on the 0.455 Ac in this downtown location. Current code is 16 units per acre. A minimum of 6 units without a variance can be built.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.
    Exterior Features

    Architectural Style OtherRanchOne StoryDuplex Construction Materials BlockConcreteSee RemarksStucco Covered Spaces 0 Irrigation Source NoneSee Remarks Lot Features Irregular LotMultiple LotsOversized LotSee Remarks Lot Size Dimensions 150 X 146 X 132 X 184 Road Surface Type Paved Roof Shingle Structure Type Duplex Waterfront Features None Waterfront YN No

    Interior Features

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

    Property Features

    Association Amenities NoneSee Remarks Association Fee 0 Association Fee2 0 Community Features Boat Facilities Development Name CAPE CORAL Gross Scheduled Income 27600 Gulf Access YN 0 Land Lease Amount 0 Listing Terms All Financing ConsideredCash Net Operating Income 27600 Operating Expense 2700 Pets Allowed CallConditional 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 SewerSee Remarks Spa YN No Tax Annual Amount 3343 Tax Block 320 Tax Lot 21 Tax Year 2019 Tenant Pays Cable TvDeparture CleaningElectricityInternetSee RemarksTelephoneWater Water Source Assessment PaidPublic Zoning Description R3-D

    Listing courtesy of Dawn Dleen Mullen of Rossman Realty Group Inc.


    © 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 2021-04-14T16:31:55.38.
     
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    RE/MAX Realty Team
    2326 Del Prado Blvd
    Cape Coral FL, 33990