4708-4712 Se 5th Place 101-204
Cape Coral Fl 33904

0.44 Acres

$2,490,000

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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!

4708-4712 Se 5th Place 101-204
Cape Coral Fl 33904

$2,490,000

  • Lee County
  • Date updated: 05/17/2024

Features

Lot Size: 0.44 acres
Year Built: 1984
Pool:
  • 0
Roof:
  • Tile
Property Type: Commercial
Taxes: $29,658

FGCMLS #224027164

Listing Courtesy Of: Frank Dittschar, Premiere Plus Realty Company

The MLS listing data sources are listed below. The MLS listing information is provided exclusively for consumer's personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.


Properties marked with the FGCMLS are provided courtesy of The Florida Gulf Coast Multiple Listing Service, Inc.

Properties marked with the SANCAP are provided courtesy of Sanibel & Captiva Islands Association of REALTORS®, Inc.