Price Reduction - Waterfront
Address
4708-4712 SE 5th Pl # 101-204, Cape Coral, FL
Price
$ 2,299,000
Property Attributes
- MLS#224027164
- TypeCommercial
- CountyLEE
- CityCape Coral
- AreaCC12 - Cape Coral Unit 7-15
- Zip33904
- Style
- Year Built1984
- Taxes$ 29657
- Price$ 2,299,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage20590
- Lot Size0.44 Acres
Data Source:
Naples Area BOR (NABOR)
Property Description
GREAT INVESTMENT PROPERTY! Located in one of the most booming areas in Cape Coral, in walking distance to the Bimini Basin, where a $120 million redevelopment project ("Bimini Square") is expected to include new luxury apartments, a waterfront restaurant, a variety of retail shops, office space, a medical facility, boat slips and more. This property consists of two buildings with 4 condo units in each building (with every unit having its own strap #) and a swimming pool between the buildings. All 8 condo units have the same size and the same layout, each with 2 bedrooms and 2 bathrooms. All units have recently been remodeled in 2024 (interior paint, new kitchen cabinets + countertops, new stainless stell appliances, full bathroom remodel) and feature tile flooring throughout (except one unit that has luxury vinyl plank). There are laundry rooms in all units and the owner owns the washer and dryers. All units are fully rented with future upside potential in the rents. The 4 units that are on the water side of the building also have screened-in lanais. Both buildings have new exterior paint. The roof was installed in 2018 (and inspected after Hurricane Ian). The Property is located right at the Rubican canal and has its own concrete boat dock and gulf access! 90 feet of new seawall were installed in 2022/2023. This gem has it all!
| Price History | |
|---|---|
| 3/22/2024 | Listed $2,490,000 |
| 5/26/2024 | 8% - $2,299,000 |
General Features
| Utilities Available | Electric,Sewer,Trash Removal,Water |
|---|---|
| Property Type | Commercial |
| Tax Year | 2023 |
| Unit Number | 101-204 |
| Status | Active |
| Acres | 0.4400 |
| Cumulative Days on Market | 90 |
| Commercial Amenities | Swimming Pool, Boat Dock, 12 Open Parking Spaces |
| Year Built | 1984 |
| Taxes | 29657.62 |
Interior Features
| Cooling Remarks | Central |
|---|---|
| Cooling YN | Yes |
| Heating Remarks | Central |
| Heating YN | Yes |
| Number Of Spaces Units | 8 |
Exterior Features
| Waterfront | Yes |
|---|---|
| Lot Frontage | 132 |
| Waterfront Desc | Canal |
| Canal Width | Canal Width 31-80 |
| Gulf Access Type | Bridge(s)/Water Indirect |
| Gulf Access | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 33904
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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.
Updated on June 21, 2024 11:33 PM UTC
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© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is 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 not guaranteed.
