4708-4712 Southeast 5th Place, Unit 101204
$2,299,000
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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...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!
- Listed by Frank Dittschar, LLC • Premiere Plus Realty Company
Property Details for 4708-4712 Southeast 5th Place, Unit 101204
Area
CC12 - Cape Coral Unit 7-15
WaterfrontYes
Waterfront DescCanal
Gulf Access TypeBridge(s)/Water Indirect
LISTING UPDATED: 11/26/2024 08:21 AM
Property Details for 4708-4712 Southeast 5th Place, Unit 101204
Status | Active |
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MLS # | 224027164 |
Days on Market | 274 |
Taxes | $23,350 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial Sale / Multi Family |
Year Built | 1984 |
Lot Size | 0.44 AC / 19,166 SF |
County | Lee County |
Building Information for 4708-4712 Southeast 5th Place, Unit 101204
Stories2Residences-Year Built1984Building Size-Lot Size0.44 AC / 19,166 SF
Property Information for 4708-4712 Southeast 5th Place, Unit 101204
Property History for 4708-4712 Southeast 5th Place, Unit 101204
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 4708-4712 Southeast 5th Place, Unit 101204
This home is within Lee.
Rating | School | Type | Grades | Distance |
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Public - | PK to 5 | |||
Public - | PK to 5 | |||
Public - | PK to 5 | |||
Public - | PK to 5 |
Rating | School | Distance |
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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.
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