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218 SE 16th Pl, Cape Coral, FL 33990

$ 949,000
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Fully leased ten-plex apartment complex in terrific SE Cape Coral location. Each unit has two bedrooms, two baths, a private screened lanai and almost 1,000 square feet excluding lanai. Two separate buildings with five units each located on a large six-lot site. Private courtyard entrances for both buildings. Plenty of parking in front for tenants and guests. Separate metered water and electric means low operating costs. All ten units supplied new A/C in 2011. Roof in like-new condition. All units were re-plumbed and have hook-ups for washer and dryer. All have stove, refrigerator, dishwasher, and microwave. Great rental history and plenty of room to increase rents to market level. Premier SE Cape Coral location is close to Mid-Point and downtown Ft. Myers. Within walking distance to Cape Coral Hospital, Caloosa Elementary, and Caloosa Middle School. CITY WATER AND SEWER WITH ALL ASSESSMENTS FULLY PAID. Current cap rate is 7.55%.

Address: SE 218 16th Pl
Zip: 33990
MLS #: 217025389
Year Built: 1980
Property Type: Commercial
Acres: 0.74
Utilities: Public sewer service
Public water supply
Courtesy Of: Encore Realty Services Inc
The source of the foregoing property information is a database compilation of an organization that is a member of the Southwest Florida Multiple Listing Service. Each Southwest Florida Multiple Listing Service member organization owns the copyright rights in its respective proprietary database compilation, and reserves all such rights. Copyright © 2013. The foregoing information including, but not limited to, any information about the size or area of lots, structures, or living space, such as room dimensions, square footage calculations, or acreage is believed to be accurate, but is not warranted or guaranteed. This information should be independently verified before any person enters into a transaction based upon it.

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