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%.
Public water supply