$755,000
$825,000 8.5%
Est. payment /mo
0.39 Acres Lot
Sold on 09/08/2026
937 SE 23rd PL #1-5 Cape Coral, FL 33990
GET MORE INFORMATION
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.
UPDATED:
Key Details
Sold Price $755,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 2026026678
Sold Date 09/08/26
Construction Status Resale
HOA Y/N No
Year Built 1979
Annual Tax Amount $8,147
Tax Year 2025
Lot Size 0.386 Acres
Acres 0.386
Property Sub-Type Multi Family
Property Description
Fully occupied five-plex offering investors a turnkey, low-maintenance income stream in one of Southwest Florida's fastest-growing rental markets.
The 4,957 sq. ft. property is comprised of five 2-bedroom/1-bathroom units with an annual gross income of $94,200. Ownership has recently invested significantly in the asset, including a new roof, hurricane-resistant impact windows throughout, fully renovated bathrooms, full exterior paint, parking lot reseal and stripe, and replacement of all A/C units, substantially reducing near-term capital exposure for a new buyer.
• Hurricane resistant impact windows (2025)
• Renovated bathrooms (2025)
• All new A/C units (2024-25)
• New roof (2023)
• Parking lot reseal & stripe (2023)
• Full exterior paint (2023)
The 4,957 sq. ft. property is comprised of five 2-bedroom/1-bathroom units with an annual gross income of $94,200. Ownership has recently invested significantly in the asset, including a new roof, hurricane-resistant impact windows throughout, fully renovated bathrooms, full exterior paint, parking lot reseal and stripe, and replacement of all A/C units, substantially reducing near-term capital exposure for a new buyer.
• Hurricane resistant impact windows (2025)
• Renovated bathrooms (2025)
• All new A/C units (2024-25)
• New roof (2023)
• Parking lot reseal & stripe (2023)
• Full exterior paint (2023)
Location
State FL
County Lee
Area Cc14 - Cape Coral Unit 16, 18, 22-
Interior
Furnishings Furnished
Fireplace No
Exterior
Utilities Available Electricity Available, Other, Sewer Available, Water Available
Waterfront Description None
Present Use Multi-Family
Garage No
Building
Story 1
Construction Status Resale
Others
Senior Community No
Tax ID 20-44-24-C2-01399.0030
Financing Other
Listed by LSI Companies Inc. • Justin Milcetich
Bought with Cape Premier Realty LLC
Bought with Cape Premier Realty LLC
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION