Description
Rare turnkey income producing opportunity in the most sought after neighborhood in Cape Coral! Both high quality units occupied at below market rents. This well maintained duplex is actually two single family homes with storage units between them, and dont share a common wall. Lording over an oversized corner lot thats centrally located moments from ample shopping, dining and the best schools in town, this hidden gem is the ultimate addition to any investment portfolio. Both units are 1222 sq ft, 3 beds, 2 baths, attached 1 car garage and feature modernized kitchens, tile flooring throughout, as well as screened lanais and privacy fencing in the backyard. Current cash flow is $3300/ mo, but could be increased substantially. As a short-term rental, both units are estimated to bring in +$70,000 gross per year, even at only 65% occupancy. Or lease one unit out and live for free in the other. No HOA/CDD. Full cooperation with non-MLS agents. Seller financing and home warranty available.
-
6BEDS
-
0.38ACRES
-
4BATHS
-
01/2 BATHS
-
2,444SQFT
-
$205$/SQFT
School Ratings & Info
Description
Rare turnkey income producing opportunity in the most sought after neighborhood in Cape Coral! Both high quality units occupied at below market rents. This well maintained duplex is actually two single family homes with storage units between them, and dont share a common wall. Lording over an oversized corner lot thats centrally located moments from ample shopping, dining and the best schools in town, this hidden gem is the ultimate addition to any investment portfolio. Both units are 1222 sq ft, 3 beds, 2 baths, attached 1 car garage and feature modernized kitchens, tile flooring throughout, as well as screened lanais and privacy fencing in the backyard. Current cash flow is $3300/ mo, but could be increased substantially. As a short-term rental, both units are estimated to bring in +$70,000 gross per year, even at only 65% occupancy. Or lease one unit out and live for free in the other. No HOA/CDD. Full cooperation with non-MLS agents. Seller financing and home warranty available.
© 2023 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2023-03-23T18:45:31.953.
