
5-Unit Multifamily Asset
Multifamily | 5 Units | $120,000/unit
Marketing description
This well located Cape Coral five plex offers investors a durable, easy to manage asset with a strong unit mix of four 2BR/1BA units and one 1BR/1BA unit across 4,443 SF. Positioned directly across from Walmart and minutes from the Cape Coral Lee County Public Library and other daily needs retail, the property benefits from exceptional renter convenience and consistently strong occupancy. Built in 1983, the building features concrete block construction, stucco exterior, central HVAC, and nine on site parking spaces. A major improvement—the full roof replacement completed in December 2022 reduces near term capital exposure. With stable rental performance already in place, the property also offers a clear path for modest rent growth through light interior and exterior updates, enhancing long term returns without significant capital investment. Owner currently pays water and sewer, making this a straightforward, well positioned asset with solid fundamentals and room for thoughtful modernization.
Investment highlights
- Optimal Unit Mix: Four 2BR/1BA units + one 1BR/1BA, a strong performer in Cape Coral
- Operational Upside Potential: Owner Currently Pays water/ sewer
- Prime Location: Directly across from Walmart for everyday convenience
- Nearby Amenities: Close to library and neighborhood services
- Stable Rent Roll: Consistent income with upside through modernization
- New Roof: New roof installed 12/27/2022
- Flood Zone X: 0.2% Annual Chance Flood Hazard, Areas of 1% annual chance flood
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