4616 SE 5th Avenue
Cape Coral, FL 33904
- 4 beds
- 4 baths
- – sqft
- 14,985 sqft lot
- 1964 build
- – on site
Unlock the potential of this .34-acre property in the heart of Cape Coral, featuring a well-maintained duplex with city-approved plans to build an additional three-unit multifamily building. Each existing unit offers 2 bedrooms, 2 bathrooms, updated flooring, and separate entrances to each bedroom, making it easy to maximize rental income by splitting the units into 4 separate 1 bedroom rentals. Recent upgrades include a new roof, hot water heater, and air conditioning units, all replaced within the last two years. The property boasts ample driveway parking, a detached common laundry area with storage, and screened-in patios with stunning southern-facing sunset views. Negotiable furniture gives you the flexibility to rent immediately or start fresh with your own design. Located just minutes from downtown Cape Coral, this property is within walking distance of shopping, dining, and entertainment. Enjoy the vibrant local scene with events like farmers markets, Bike Nights, and art walks. The upcoming Cape Coral Yacht Club & Beach are a short drive, while Fort Myers Beach and Sanibel Island are only 20 and 30 minutes away, respectively. Future developments, including the $100 million Bimini Square Project, Yacht Club renovation, Deep Lagoon waterfront restaurant, retail shops, luxury apartments, and Lee Health Medical facility, make this an even more attractive investment opportunity. Whether you're looking to live in one unit and rent the others or take advantage of the approved expansion, this property offers unmatched potential in a rapidly growing area. Don't miss out—schedule your private tour today to explore this unique investment opportunity!
Last checked:
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Checking…
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Last updated Dec 15, 2024
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MLS# 224065373 —
The Building
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Year Built:1964
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Construction Materials:Block,Concrete,Stucco
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Architectural Style:Duplex
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Roof:Shingle
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Exterior Features:Patio,RoomForPool,Storage
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Window Features:Jalousie
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Patio And Porch Features:Patio
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Building Area Total:1560.0
Interior
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Flooring:Laminate,Vinyl
Location
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Latitude:26.565866
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Longitude:-81.96438
The Property
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Property Type:ResidentialIncome
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Property Sub Type:Duplex
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Property Sub Type Additional:Duplex
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Property Condition:Resale
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Lot Features:MultipleLots
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Lot Size Acres:0.344
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Lot Size Area:0.344
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Lot Size Units:Acres
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Lot Size Source:Appraiser
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Lot Size Dimensions:120 x 125 x 120 x 125
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Lot Dimensions Source:Appraiser
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Zoning Description:R3-D
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Other Structures:Outbuilding
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Waterfront:false
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Waterfront Features:None
Listing Agent
- Contact info:
- Agent phone:
- (609) 731-0023
- Office phone:
- (239) 471-2550
Taxes
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Tax Year:2023
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Tax Lot:27
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Tax Legal Description:CAPE CORAL UNIT 9 BLK 285 PB 13 PG 15 LOTS 27 28 + 29
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Tax Annual Amount:4554.43
Beds
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Bedrooms Total:4
Baths
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Bathrooms Total:4
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Bathrooms Full:4
The Listing
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Virtual Tour URL Unbranded:https://www.zillow.com/view-imx/c79010d0-3505-4d49-825d-fb90919a5bf4?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Heating & Cooling
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Heating:Central,Electric
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Heating:true
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Cooling:CentralAir,CeilingFans,Electric
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Cooling:true
Utilities
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Utilities:CableAvailable
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Sewer:AssessmentPaid
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Water Source:AssessmentPaid
The Community
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Subdivision Name:CAPE CORAL
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Community Features:NonGated
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Spa:false
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Pool Private:false
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Pets Allowed:Yes
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Association Amenities:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
