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$999,000
Est. payment /mo
0.37 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226029047
HOA Y/N No
Year Built 1988
Annual Tax Amount $11,170
Tax Year 2025
Lot Size 0.368 Acres
Acres 0.3684
Property Sub-Type Multi Family
Property Description
INVESTOR OPPORTUNITY – 6-UNIT MULTIFAMILY WITH POOL | CAPE CORAL
Excellent opportunity to acquire a six-unit income-producing multifamily property with swimming pool at 1126 SE 8th St, Cape Coral, FL, offered at $1,099,000.
The property features a desirable unit mix of four 2-bedroom/2-bath units and two 3-bedroom/2-bath units, totaling 14 bedrooms and 12 bathrooms.
Current rents total $9,050 per month, generating $108,600 in annual gross rental income. Based on the operating expenses provided, the property generates an estimated Net Operating Income (NOI) of $84,520, representing an approximately 7.69% CAP rate at the $1,099,000 asking price.
The property also features an on-site swimming pool, providing an attractive amenity for residents and helping distinguish the property in the rental market.
An attractive opportunity for investors seeking an established multifamily asset with immediate rental income, six revenue-producing units and strong income potential in Cape Coral.
Financial information is based on figures provided by the owner and should be independently verified by the buyer.
Excellent opportunity to acquire a six-unit income-producing multifamily property with swimming pool at 1126 SE 8th St, Cape Coral, FL, offered at $1,099,000.
The property features a desirable unit mix of four 2-bedroom/2-bath units and two 3-bedroom/2-bath units, totaling 14 bedrooms and 12 bathrooms.
Current rents total $9,050 per month, generating $108,600 in annual gross rental income. Based on the operating expenses provided, the property generates an estimated Net Operating Income (NOI) of $84,520, representing an approximately 7.69% CAP rate at the $1,099,000 asking price.
The property also features an on-site swimming pool, providing an attractive amenity for residents and helping distinguish the property in the rental market.
An attractive opportunity for investors seeking an established multifamily asset with immediate rental income, six revenue-producing units and strong income potential in Cape Coral.
Financial information is based on figures provided by the owner and should be independently verified by the buyer.
Location
State FL
County Lee
Area Cc14 - Cape Coral Unit 16, 18, 22-
Interior
Furnishings Furnished
Fireplace No
Exterior
Waterfront Description None
Present Use Multi-Family
Garage No
Building
Story 2
Others
Senior Community No
Tax ID 18-44-24-C4-00803.0260
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Listed by Xclusive Homes LLC • Maria Rojas
NEARBY SCHOOLS & PROPERTIES
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Billee Silva, PA, ABR SRS
Licensed Realtor License ID: P3275278
Licensed Realtor License ID: P3275278