1125 5Th CtCape Coral, FL 33990

This exceptional 4-unit apartment building in Cape Coral, Florida presents a compelling value-add investment opportunity. Built in 1983, the property boasts 3,411 square feet of rentable space across two one-story duplexes situated on a 0.48-acre lot. Each of the four units features two bedrooms and two bathrooms. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $36,856, with a pro-forma NOI projected at $55,518, representing a significant upside potential. The asking price is $690,000, translating to $172,500 per unit and a current cap rate of 5.34%, with a pro-forma cap rate of 8.05%. Conveniently located near major thoroughfares, including Pine Island Road, and situated between the Cape Coral Police Department and Fire Station, this property benefits from its prime location in a family-oriented community. Nearby amenities include Sun Splash Family Waterpark, Tarpon Point Marina, and the Cape Coral Historical Museum. The property's proximity to major employers like Lee Health Cape Coral Hospital and Publix Super Markets further enhances its appeal. This fee-simple ownership offers investors the chance to capitalize on rental increases and operational efficiencies to boost cash flow. Seller financing options are available.