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Key Details
Sold Price $705,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,340 sqft
Price per Sqft $301
Subdivision Cape Coral
MLS Listing ID 225001897
Style Duplex
Bedrooms 4
Full Baths 4
Half Baths 1
Year Built 1961
Annual Tax Amount $9,563
Tax Year 2023
Lot Size 0.459 Acres
Property Sub-Type Duplex
Property Description
Seller will review all offers. This rarely available quadplex offers an incredible opportunity for steady income and long-term growth, set on an oversized lot of nearly half an acre. Flood insurance is assumable, adding an extra layer of security for the new owner and offering peace of mind in the event of a storm. The property features four 1-bedroom, 1-bath units, each with its own screened lanai and unscreened patio, perfect for outdoor enjoyment. Each unit also includes 2 designated parking spaces, ensuring convenience for tenants and guests.
Residents have access to a common laundry building that provides additional storage closets with locks for each tenant, offering extra space for personal belongings. Plus, everyone can take advantage of the two boat docks, one equipped with water and electricity, making this a perfect waterfront retreat.
For added value, the property includes an 805 sq ft garage with a half bath, which features a toilet and sink, along with a 200-amp electrical panel—ideal for storage or a potential workshop. The hurricane-resistant garage windows provide extra protection, and an additional 6ft x 12ft storage shed offers even more space for tools or equipment.
The property has been meticulously maintained, with a new roof installed in 2018 across all four units, ensuring long-term durability and peace of mind for years to come. Currently, each unit is rented on a month-to-month basis, with tenants who have been in place for over a year, providing stable and reliable rental income.
This quadplex is a rare find, offering substantial land, waterfront amenities, and a well-established tenant base—making it an ideal addition to any investor's portfolio. Don't miss out on this prime opportunity to own a property with exceptional potential and long-term value.
Location
State FL
County Lee
Community Cape Coral
Area Cc11 - Cape Coral Unit 1, 2, 4-6
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Tile, Vinyl
Laundry Common Area
Exterior
Exterior Feature Room For Pool
Utilities Available Cable Available
Amenities Available Laundry, Pier
Waterfront Description Canal Access, Seawall
Roof Type Shingle
Building
Lot Description Oversized Lot
Sewer Public Sewer
Water Public
Structure Type Brick,Block,Concrete,Stucco,Wood Frame
Others
Acceptable Financing All Financing Considered, Cash
Listing Terms All Financing Considered, Cash
Pets Allowed Yes
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Bought with EXP Realty LLC
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