Exceptional & Rare opportunity to own a fully occupied 8-unit multifamily property in the heart of Cape Coral. This well-maintained income-producing asset features eight spacious 1-bedroom, 1-bathroom units, each with private entrances and functional layouts ideal for long-term tenants.
The property offers strong, consistent cash flow with a 7.9% cap rate, making it an attractive addition to any investor’s portfolio. The building offers with ample parking, laundry hook ups in each unit with a common coin-laundry room and a history of high occupancy. Solid concrete block construction and professional management contribute to low operating costs and reliable performance.
Located in a high-demand corridor with easy access to shopping, dining, and this property is positioned for both immediate income and long-term appreciation.
Whether you’re expanding your portfolio or seeking a turnkey 1031 exchange opportunity, this asset delivers on location, stability, and returns. Duplex next door 3609 SE 9th PL is also available for sale!
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Listing Snapshot
Price
$1,250,000
Days On Site
78 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.485 Acres
Year Built
1985
MLS® Number
2025002225
Status
Active
Property Tax
$13,092.87
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
3 months ago
Listing updated with changes from the MLS®
3 months ago
Listing first seen on site
General Features
Acres
0.485
Number Of Stories
1
Utilities
Electricity ConnectedWater Connected
Zoning
R3-D
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Exterior Features
Frontage
0
Gulf Access
No
Listing courtesy of Cornerstone Coastal Properties
Equal Housing Opportunity.
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