For Sale
$1,270,000

1229 37Th PlCape Coral, FL 33993

Two new homes, 6% cap rate, turnkey investment

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity in Northwest Cape Coral offers a guaranteed 6.0% cash flow for two years. The portfolio consists of two brand new, luxurious single-family homes, each boasting elegant design, high ceilings, and open-concept layouts. Gourmet kitchens feature sophisticated bar areas, stainless steel appliances, and high-quality cabinetry with quartz countertops. Elegant porcelain flooring runs throughout, complemented by spa-like bathrooms with glass-enclosed showers and innovative fixtures, including temperature-activated color-changing mirrors. The master suite includes a spacious walk-in closet, and a large laundry room offers custom cabinetry and ample storage. Each home also features a fully enclosed patio perfect for entertaining. Located in the desirable Burnt Store area, residents enjoy easy access to Pine Island, Matlacha, and the Coral Oaks golf course. The properties are situated near the upcoming 7 Islands development, making this a prime investment in one of South Florida's fastest-growing regions. With a total asking price of $1,270,000, a net operating income of $76,200, and two buildings constructed in 2023, this turnkey investment presents a compelling opportunity in a booming market. The sale includes a leaseback agreement. Each unit has a price of $635,000. The properties are located at 1229 NW 37th Pl and 1640 NW 38th Ave, Cape Coral, FL 33993.

Highlights

  • $1,270,000 asking price for a two-unit, Class A multifamily portfolio.
  • 6.00% cap rate with a $76,200 annual net operating income (NOI).
  • Two brand new, single-family homes built in 2023, located in Cape Coral, FL.
  • Sale includes a leaseback agreement.
  • Broker co-op available.

Property Details for 1229 37Th Pl

Property type
Residential income homes
Class
A
Year Built
2023
Buildings
2
Stories
1
Units
2

Location Insight

City
Cape Coral
County
Lee
State
Florida
Latitude
26.676411380929
Longitude
-82.050862297397
1229 37Th Pl, Cape Coral, Florida

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1229 37Th Pl
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