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$ 459,000
Est. payment | /mo
6 Beds
4 Baths
10,585 Sqft Lot
$ 459,000
Est. payment | /mo
6 Beds
4 Baths
10,585 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Cape Coral
MLS Listing ID 224096615
Bedrooms 6
Full Baths 4
HOA Y/N Yes
Originating Board Florida Gulf Coast
Year Built 1984
Annual Tax Amount $5,216
Tax Year 2024
Lot Size 10,585 Sqft
Acres 0.243
Property Description
This concrete block constructed duplex, with a rare 6 bedrooms 4 baths and 2 car garages, offers a great investment opportunity in the desirable southwest area of Cape Coral. Don’t let the address fool you; this is Santa Barbara PLACE (not Blvd), a charming residential street in desirable Southwest Cape Coral, lined with a mix of well-maintained multi-family and single-family homes. Each unit features 1,164 square feet of air-conditioned living space with three bedrooms, two bathrooms, and a one-car garage. The greatroom-style floor plans include a galley kitchen and a dining area, creating open and functional living spaces. The master suite provides ample room and includes a spacious walk-in closet along with a private en-suite bathroom. Each unit features an open patio for outdoor enjoyment, along with a separate one-car garage with laundry hookup and private driveway for added convenience. Both units have all-tile flooring, making them low-maintenance and ideal for tenant turnover. The dimensional shingle roof was updated in 2018 providing durability and peace of mind for future owners. City water and sewer are in and all assessments are paid in full. There are two duplexes available side by side on this street, offering an excellent opportunity to expand your investment portfolio. Additional details about the neighboring property can be found under MLS number 224096632 and the address is 3227-3229 SW Santa Barbara Place (a little higher in price with additional kitchen and bath updates). This duplex is a strong income producer, generating an impressive $41,340 in gross rental income annually. This property attracts quality tenants, ensuring consistent rental income year after year. Whether you are an experienced investor or just starting your portfolio, this opportunity combines steady cash flow with long-term potential. Cape Coral, Florida, offers a prime location for investment properties with its strong rental demand, steady property value growth, and attractive lifestyle appeal. Known for its waterfront access, abundant outdoor activities, and proximity to beaches, Cape Coral continues to be a popular destination for both long-term renters and vacationers, making it an ideal area for securing a profitable investment. Walking distance to a LeeTran bus stop less than a half a block away. A short walk, bike or drive to Publix grocery, Super Target, banking, dining, Lowe’s and much more. Just off of Veterans and Santa Barbara Blvds making it a central and super convenient location. NOT in a flood zone, NO HOA and NO rent restrictions. The property is secured with solid leases in place, providing stable income, and there are no tenant pets, ensuring minimal wear and tear on the units. This property remained unaffected by flooding during Hurricane Ian and other recent storms. Kindly refrain from disturbing the tenants. Agents, please refer to the confidential remarks for details regarding showings.
Location
State FL
County Lee
Area Cape Coral
Zoning R3-D
Interior
Heating Central Electric
Flooring Tile
Fireplace No
Heat Source Central Electric
Exterior
Amenities Available None
Waterfront Description None
Roof Type Shingle
Porch Patio
Garage No
Private Pool No
Building
Lot Description Regular
Water Assessment Paid, Central
Architectural Style Duplex
Structure Type Concrete Block,Stucco
New Construction No
Others
Pets Allowed Yes
Senior Community No
Tax ID 02-45-23-C2-01825.0290
Listed by Encore Realty Services Inc • Paula Hellenbrand
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Judith Aeschliman
Agent | SL3392363