4827 Marine Drive

Cape Coral, FL 33904

$410,000
Price
4
Beds
4
Baths
1,600 Sq. Ft.
$256 / Sq. Ft.
1,600
Sq. Ft.
$256
per Sq. Ft.

Description

A can't miss opportunity for investors! Walking distance for the brand new Bimini Square, this duplex will continue to increase in value overtime as the Downtown Cape Coral continues to develop. The property includes two units, each two beds and two baths, tile throughout, individual washer/dryer hookups, and individual front porches. Both units are currently leased, giving the owner a steady income. The property is located 10 minutes by foot from Four Freedom Park and within a four minute drive...A can't miss opportunity for investors! Walking distance for the brand new Bimini Square, this duplex will continue to increase in value overtime as the Downtown Cape Coral continues to develop. The property includes two units, each two beds and two baths, tile throughout, individual washer/dryer hookups, and individual front porches. Both units are currently leased, giving the owner a steady income. The property is located 10 minutes by foot from Four Freedom Park and within a four minute drive from downtown. Don't miss out on this opportunity!
  1. Listed by Carolina Tiuso • Tiuso Realty Group

Property Details for 4827 Marine Drive

Development
CAPE CORAL
Building Design
Duplex
Community Type
No Subdivision, Non-Gated
Waterfront
No
Waterfront Desc
None
Waterfront Desc
None
View
None/Other

Location

Listing Courtesy of Tiuso Realty Group, Carolina Tiuso
Add your commute
LISTING UPDATED: 05/24/2024 05:46 PM

Property Details for 4827 Marine Drive

StatusActive
MLS #224038884
Days on Market14
Taxes$5,508 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1966
Lot Size0.23 AC / 10,018 SF
CountyLee County

Location

Listing Courtesy of Tiuso Realty Group, Carolina Tiuso
Add your commute

Building Information for 4827 Marine Drive

Stories-Residences2Year Built1966Building Size-Lot Size0.23 AC / 10,018 SF

Payment Calculator

$2,697 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,238

Property Taxes

$459

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4827 Marine Drive

Summary
Location and General Information
  • City: CAPE CORAL
  • Directions: Take Cape Coral PWKY E turn right in Marine Dr the property is on the left.
  • Human Modified: Yes
  • Latitude: 26.56
  • Longitude: -81.97
  • MLS Area Major: CC11 - Cape Coral Unit 1, 2, 4-6
  • Pets: No Approval Needed
  • Postal Code: 33904
  • Street Name: Marine
  • Street Number: 4827
  • Street Suffix: DR
  • Block: 89
  • Full Address: 4827 Marine DR
Parking
  • Covered Spaces: .00
Taxes and HOA Information
  • Amenity Rec Fee: $.00
  • Application Fee: $.00
  • HOA Fee: $.00
  • Tax Annual Amount: $5,508.30
  • Tax Year: 2023
  • Transfer Fee: $.00
  • Association Fee 3: $.00
Property
Lot Information
  • Development Name: CAPE CORAL
  • Parcel Number: 13-45-23-C1-00089.0140
  • Property Type: Residential Income
  • Section: 13
  • Lot Unit: 14
  • Source of Measure Lot Dimensions: Appraiser
  • Lot Desc: Rectangular Lot
  • Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Size Dimensions: 80 x 125 x 80 x 125
  • Source of Measurements: Appraiser
  • Lot Size Units: Acres
  • Legal Desc: CAPE CORAL UNIT 2 PART 3 BLK 89 PB 11 PG 40 LOTS 14 + 15
Property and Assessments
  • Total Area: 1600.0
  • Possession: Close Of Escrow, Subject To Tenant Rights
  • Property Condition: Resale
  • Property Sub Type: Duplex
  • Township: 45
  • Range: 23E
  • Special Assessment: 0.00
  • Sub Condo Name: CAPE CORAL
  • Year Built Numeric: 1966
  • Property Sub Type Additional: Duplex
  • Zoning Code: SC
Lease Information
  • Land Lease Fee: $.00
  • Lease Amount Per Area Unit: Dollars Per Square Foot
  • One Time Land Lease Fee: $.00
  • One Time Mandatory Club Fee: $.00
  • One Time Othe Fee: $.00
  • One Time Special Assessment Fee: $.00
Utilities
  • Sewer: Assessment Paid, Central
  • Utilities: Cable Not Available
  • Water Source: Assessment Paid, Public
  • Water: Assessment Paid, Central
Multi Family
Multi-Family Information
  • Gross Rental Income: $40,800.00
  • Annual Net Operating Income: $32,892.00
  • Annual Food And Beverage Minimum: 0.00
  • Number Of Units Total: 2
  • Annual Expenses: $7,908.00
  • Other Fee: $.00
  • Units in Building: 2
Unit 1 Information
  • Monthly Gross Income: $1,700.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Description: Florida Room,Open Lanai/Porch,Refrigerator,Smoke Detector,Washer/Dryer Hookup
  • Furnished: Unfurnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 1700
  • Unit Type Type: Item2Bedroom
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Living Area: 800.0
Unit 2 Information
  • Monthly Gross Income: $1,700.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Description: Great Room,Open Lanai/Porch,Range,Refrigerator,Smoke Detector,Washer/Dryer Hookup
  • Furnished: Unfurnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 1700
  • Unit Type Type: Item2Bedroom
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Living Area: 800.0
Interior and Exterior Features
Exterior Features
  • Architectural Style: Duplex
  • Association Amenities: None
  • Canal Width: None
  • Community Features: Non Gated
  • Construction: Poured Concrete, Concrete Block
  • Exterior Features: Patio, Storage
  • Exterior Features: Patio, Storage
  • Irrigation Source: None
  • Patio And Porch Features: Patio
  • Private Pool: No
  • Roof: Shingle
  • Structure Type: Duplex
  • Gulf Access: No
  • Spa: No
Interior Features
  • Baths Full: 4
  • Bathrooms Total Integer: 4.0
  • Beds Total: 4
  • Cooling: Central Air, Electric
  • Cooling: Yes
  • Elevator Text Details: None
  • Flooring: Tile
  • Heating: Central, Electric
  • Heating: Yes
  • Window Features: Sliding
Rental
Rental Information
  • One Time Rec Lease Fee: $.00

Property History for 4827 Marine Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4827 Marine Drive

Taxable ValueLand$71,939Additions$139,175Total$211,114
Tax Record2023$5,508 ($459 / month)
Home Facts
Total Finished SqFt800 SqFtAbove Grade Finished SqFt800 SqFtStories1Lot Size10,000 SqFtStyleDuplexYear Built1966Year Renovated1985ZoningSCCountyLEEAPN13-45-23-C1-00089.0140

Schools near 4827 Marine Drive

This home is within Lee.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 5
Rating
School
Distance
Pelican Elementary School
PublicPK to 5

Gulf Elementary School
PublicPK to 5

Skyline Elementary School
PublicPK to 5

Cape Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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4827 Marine Drive is a multi-family home for sale in Cape Coral, FL 33904. This property was listed for sale on May 18, 2024 by Tiuso Realty Group, it's currently listed at $410,000. It has been on the market for a total of 14 days and was last sold on December 15, 2022. This listing's school district is Lee. Nearby schools include Pelican Elementary School, Gulf Elementary School and Skyline Elementary School. 4827 Marine Drive is a 4-bed, 4-bath, 1,600 sqft multi-family home built in 1966.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Tiuso Realty Group, Carolina Tiuso

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.