ATTENTION INVESTORS: FOURPLEX available … two side by side duplexes to be sold together to one buyer ONLY. Well maintained complex managed meticulously by owner. Several updates to various units. Great opportunity for investor or multifamily-multigenerational living. Don’t let the address fool you; this is Santa Barbara PLACE (not Blvd), a charming residential street in desirable Southwest Cape Coral, lined with a mix of newer, well-maintained multi-family and single-family homes. Easy and appealing location for tenants. Each unit features 1,164 square feet of air-conditioned living space with three bedrooms, two bathrooms, and a one-car garage. The greatroom-style floor plans include a galley kitchen and a dining area, creating open and functional living spaces. The master suite provides ample room and includes a spacious walk-in closet along with a private en-suite bathroom. Each unit features an open patio for outdoor enjoyment, along with a separate one-car garage with laundry hookup and private driveway for added convenience. All units have all-tile flooring, making them low-maintenance and ideal for tenant turnover. The dimensional shingle roofs were replaced in 2018. Unit 3229 has been fully updated and enjoys granite counter tops and white, shaker style cabinets throughout and a new HVAC in 2018 as well. City water/sewer are in and all assessments are paid in full. This duplex is a strong income producer, generating an impressive $84,060 in gross rental income annually. Leases are staggered throughout the year, minimizing vacancy downtime. Several long term tenants and top market rents, a perfect combination! This property attracts quality tenants, ensuring consistent rental income year after year. Whether you are an experienced investor or just starting your portfolio, this opportunity combines steady cash flow with long-term potential. Cape Coral, Florida, offers a prime location for investment properties with its strong rental demand, steady property value growth, and attractive lifestyle appeal. Known for its waterfront access, abundant outdoor activities, and proximity to beaches, Cape Coral continues to be a popular destination for both long-term renters and vacationers, making it an ideal area for securing a profitable investment. Walking distance to a LeeTran bus stop less than a half a block away. A short walk, bike or drive to Publix grocery, Super Target, banking, dining, Lowe’s and more. Just off of Veterans and Santa Barbara Blvds making it a central and super convenient location. NOT in a flood zone, NO HOA & NO rent restrictions. The property is secured with solid leases in place, providing stable income, and there are no tenant pets, ensuring minimal wear and tear on the units. This property remained unaffected by flooding during Hurricane Ian and other recent storms. Kindly refrain from disturbing the tenants. Agents, please refer to the confidential remarks for details regarding showings. PET FREE/SMOKE FREE UNITS. Schedule a Private Showing

Listing courtesy of FGCMLS / Encore Realty Services Inc

Last checked: Checking… • Last updated Jan 10, 2025 • Source: FGCMLS

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