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    603 SE 46th Lane , #605

    Cape Coral, FL 33904
    • $449,000
    • STATUS: Active
    • ON SITE: 353 Days
    • MLS #: 220066229
    UPDATED: 45 min ago
    $449,000
    • 4
      BEDS
    • 0.23
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:
    Lee

    School Ratings & Info

    Description

    4 unit money maker in downtown Cape Coral. Fully leased to great tenants and grossing $3750 per month. Walking distance to Downtown Cape Coral restaurants, shopping, bars, and festivals. Renovated carport, large corner lot and a shady backyard with a beautiful Mango tree. New roof. All tile throughout, new electric panels and hot water heater. Energy efficient window A/C units. Laundry hook ups in the shed would be ideal for coin op laundry for additional income. Property has a current cash on cash return of almost 10% with a 75% LTV, market rate loan.Financial analysis is attached.

    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 2021-10-18T11:31:58.707.
    www.realtyteamleecounty.com/homes/111458198
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    603 SE 46th Lane , #605 Cape Coral, FL 33904

    • Price: $449,000
    • Status: Active
    • Updated: 45 min ago
    • MLS #: 220066229
    4
    Beds
    4
    Baths
    0
    ½ Baths
    0.23
    Acres
    1965
    Built
    Neighborhood:
    Cape Coral
    County:
    Lee
    Area:
    Cc12 - Cape Coral Unit 7-15
    Property Description
    4 unit money maker in downtown Cape Coral. Fully leased to great tenants and grossing $3750 per month. Walking distance to Downtown Cape Coral restaurants, shopping, bars, and festivals. Renovated carport, large corner lot and a shady backyard with a beautiful Mango tree. New roof. All tile throughout, new electric panels and hot water heater. Energy efficient window A/C units. Laundry hook ups in the shed would be ideal for coin op laundry for additional income. Property has a current cash on cash return of almost 10% with a 75% LTV, market rate loan.Financial analysis is attached.
    Exterior Features

    Architectural Style RanchOne Story Construction Materials BlockConcreteStucco Covered Spaces 0 Exterior Features Fruit TreesRoom For Pool Irrigation Source None Lot Features Rectangular Lot Lot Size Dimensions 80 X 125 X 80 X 125 Road Surface Type Paved Roof Shingle Structure Type Quadruplex Waterfront Features None Waterfront YN No

    Interior Features

    Cooling Ceiling Fan(S)Window Unit(S) Flooring Tile Heating None Laundry Features Common Area Window Features Casement Window(S)Jalousie

    Property Features

    Association Amenities Boat RampLaundryPark Community Features Non-Gated Development Name CAPE CORAL Gross Scheduled Income 43200 Gulf Access YN 0 Hoa Fee 0 Land Lease Amount 0 Listing Terms All Financing ConsideredCashFhaVa Loan Master Hoa Fee 0 Net Operating Income 26440 Operating Expense 14600 Pets Allowed Yes Pool Private YN No Potential Short Sale YN N Property Condition Resale Property Sub Type Quadruplex Restrictions Road Responsibility Public Maintained Road Sewer Assessment PaidPublic Sewer Spa YN No Tax Annual Amount 3699 Tax Block 318 Tax Lot 49 Tax Year 2019 Tenant Pays Cable Tv Water Source Assessment PaidPublic Zoning Description R3-D

    Listing courtesy of Patrick Mulcahy of Mvp Realty Associates 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 2021-10-18T11:31:58.707.
     
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    RE/MAX Realty Team
    2326 Del Prado Blvd
    Cape Coral FL, 33990