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Property Description

GREAT INVESTMENT PROPERTY! Located in one of the most booming areas in Cape Coral, in walking distance to the Bimini Basin, where a $120 million redevelopment project (“Bimini Square”) is expected to include new luxury apartments, a waterfront restaurant, a variety of retail shops, office space, a medical facility, boat slips and more. This property consists of two buildings with 4 condo units in each building (with every unit having its own strap #) and a swimming pool between the buildings. All 8 condo units have the same size and the same layout, each with 2 bedrooms and 2 bathrooms. All units have recently been remodeled in 2024 (interior paint, new kitchen cabinets + countertops, new stainless stell appliances, full bathroom remodel) and feature tile flooring throughout (except one unit that has luxury vinyl plank). There are laundry rooms in all units and the owner owns the washer and dryers. All units are fully rented with future upside potential in the rents. The 4 units that are on the water side of the building also have screened-in lanais. Both buildings have new exterior paint. The roof was installed in 2018 (and inspected after Hurricane Ian). The Property is located right at the Rubican canal and has its own concrete boat dock and gulf access! 90 feet of new seawall were installed in 2022/2023. This gem has it all!

Address Map
FL
Lee
CAPE CORAL
33904
5th
4708-4712
PL
W82° 2' 12.3''
N26° 33' 50.3''
SE
Property Details
Premiere Plus Realty Company
Frank Dittschar, LLC
132
N633336
NPPR
Active
12-45-23-C3-02800.1030
101-204
$29,658
2023

4708-4712 SE 5th PL Unit# 101-204 CAPE CORAL, Florida 33904

Commercial For Sale

0.44 Acre
$2,490,000
Listing ID #224027164
Basic Details
Property Type : Commercial
Listing Type : For Sale
Listing ID : 224027164
Price : $2,490,000
Year Built : 1984
Lot Area : 0.44 Acre
Agent info
Joseph Zingales
Real Estate By
365 5th Ave S Suite 201, Naples, Florida 34102
Contact Agent