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$800,000
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Property Description
Fully occupied, bringing in $81,600 annual gross income! Don't miss this lucrative investment opportunity nestled in picturesque Cape Coral! This multifamily gem boasts a total of 6 units spread across 4,530 square feet, comprising (2) 2-bedroom/1-bathroom units and (4) 1-bedroom/1-bathroom units, and is currently 100% occupied with great long-term tenants, ensuring stable income for savvy investors. Maximize your cash flow with separate water and electric meters for each unit, while enjoying the landlord-provided appliances including washer and dryer in every apartment. Plus, rest easy knowing the roofs are new in 2022, and all air conditioners have been recently updated. Positioned with 120 feet of frontage on Del Prado, this property offers unparalleled visibility, while renters benefit from easy access to major commuting routes. Positioned in a desirable location outside of flood zones and with great long-term tenants already in place, this multifamily investment opportunity in Cape Coral is a must-have for investors seeking stable returns and long-term success!
Full Property Details
Full Property Details for 3318 Del Prado Blvd S
General
- Sold For: $800,000
- Taxes: (2023)
- Status: Closed
- Type: Commercial Residential Facility
- Source: Bonita_Springs
- MLS ID: 224028807
- Added to Site: 697 day(s) ago
Business
- Business Type: Commercial Only
Parking
- Total Spaces: 6
Location
- Area: CC12 - Cape Coral Unit 7-15
- County: Lee
- Driving Directions: Fully occupied, bringing in $81, 600 annual gross income
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Each unit has an individual air conditioner
- Heating Type: Each unit has an individual air conditioner
Structural Information
- Description/Design: Multi-Family: 5+ Units
- Stories/Levels: 1
- Stories in Building: 1
- Square Feet: 4,350
- Current Bldg. Use: Investment
- Year Built: 1971
Lot Features
- Lot Size (Acres): 0.344
- Lot Size (Sq. Ft.): 14,984
- Lot Size Source: Property Appraiser Office
- Frontage Feet: 120
- Zoning: C1-D
Water Features
- Water Front Desc.: None
- Canal Width: None
Financial Considerations
- Price Per Acre: $53
- Assoc Fee Freq.: Annually
- Tax Year: 2023
Disclosures and Reports
- Legal Description: CAPE CORAL UNIT 12 BLK 508 PB 13 PG 55 LOTS 15 THRU 17
- Inclusions: Building And Land
- Property ID: 06-45-24-C2-00508.0150
Listed by RE/MAX Realty Group
Sold by Keller Williams Elevate Luxury
Get Pre-Approved Today
Schools
Schools serving 3318 Del Prado Blvd S
School District:Lee County School District, Fort Myers, FL
| Name | Grades | Distance |
|---|---|---|
Cape Elementary School 4519 Vincennes Boulevard, Cape Coral, FL 33904 | K-5 | 1.6 mi |
Pelican Elementary School 3525 Southwest 3rd Avenue, Cape Coral, FL 33914 | K-5 | 2.4 mi |
Skyline Elementary School 620 Southwest 19th Street, Cape Coral, FL 33991 | K-5 | 3.4 mi |
Challenger Middle School, Cape Coral, FL 624 Trafalgar Parkway, Cape Coral, FL 33991 | 6-8 | 3.6 mi |
Caloosa Middle School 610 Del Prado Boulevard South, Cape Coral, FL 33990 | 6-8 | 3.7 mi |
Gulf Middle School, Cape Coral, FL 1809 Southwest 36th Terrace, Cape Coral, FL 33914 | 6-8 | 4.4 mi |
Cape Coral High School 2300 Santa Barbara Boulevard, Cape Coral, FL 33991 | 9-12 | 2.6 mi |
Ida S. Baker High School 3500 Agualinda Boulevard, Cape Coral, FL 33914 | 9-12 | 4.6 mi |
North Fort Myers High School 5000 Orange Grove Boulevard, North Fort Myers, FL 33903 | 9-12 | 5.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3318 Del Prado Blvd S
Date
Details
Price
Change
Source
8/30/2024
Sold
$800,000
-11.01%
MLS
6/03/2024
Price Reduced
$899,000
-9.65%
MLS
3/27/2024
Listed
$995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
3318 Del Prado Blvd S, Cape Coral, FL 33904 (MLS# 224028807) is a Commercial Residential Facility property that was sold at $800,000 on August 30, 2024. Want to learn more about 3318 Del Prado Blvd S? Do you have questions about finding other Commercial Residential Facility real estate for sale in Cape Coral? You can browse all Cape Coral real estate or contact a Coldwell Banker agent to request more information.

