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33298806
33298805

3909 Skyline Blvd, Cape Coral, FL 33914

CRE Consultants
Listed by CRE Consultants
$600,000
16 days on market
Updated 6 days ago

5-Unit Multifamily Asset

Details
APN 02-45-23-C4-01752.0010
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,443
Units 5
Year Built 1983
Year Renovated 2022
Zoning RML
Parking Spaces 9 spaces
Parking Per SqFt 2.03

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

Listing Contacts

CRE Consultants
Listed by CRE Consultants

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Zoning

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RML ResidentialMulti FamilyResidential Multifamily Low
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Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics

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