1022/1024 Se 11th Street, Cape Coral, FL 33990

$359,000
6
BD
4
BA
2,200
SqFt
List Price
$359,000
Listing Price
$359,000
Days on Market
14
MLS#
SWFL-221021882
Development
Cape Coral
Building Design
Duplex
County
Lee
Region
CC14 - Cape Coral Unit 16,18,22-
Development
Cape Coral
Subdivision
Cape Coral
Year Built
2003

Property Description

Seller asking for highest and best offer by 3 PM, Wednesday, April 7, 2021. Great investment opportunity with this duplex. One side rents for $1300 and the other for $1200. The $1200 side is on month to month, so that rent can be raised at any time. Gross annual income is $30,000 minus taxes ($4500), insurance ($1500), and with a generous 10% allowance for vacancy collection, and repairs ($3000), you collect a net income each year of $21,000. Or you can give notice to the month to month tenant and live on that side with gross rent of $15,600 from the other side. Each unit has 3 bedrooms, 2 baths and 1 car garage. Each side features vaulted ceilings, tile throughout and a private screened lanai. One unit has just been painted inside and has a new hot water heater and new refrigerator. The other unit was painted throughout in 2019. One AC is 2018 and the other was installed in 2016 This is a great rental location in the heart of Cape Coral, close to stores, restaurants, schools, and commuter routes. All assessments are paid.

Additional Information

Tax Year
2018
Units
2
Bathrooms
4
Approximate Living Area
2,200
Building Description
Duplex
Lot Size
0.23
Amenities
None
Exterior Features
Sprinkler/Irrigation
Water
Assessment Paid, Public
Sewer
Assessment Paid, Public Sewer
Cooling
Central Air, Ceiling Fan(s), Electric
Waterfront Description
None
Community Type
Boat Facilities
Tenant Pays
Application Fee, Cable TV, Electricity, Internet, Pest Control, Pet Deposit, Telephone, Water

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of 4 Seasons Realty LLC.

The data relating to real estate for sale on this limited electronic display comes in part from the Southwest Florida MLS Listing Service. Properties listed with brokerage firms other than our company are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program. The source of this real property information is the copyrighted and proprietary database compilation of the participating Southwest Florida MLS organizations and is Copyright 2021 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. Some properties that appear for sale on this limited electronic display may no longer be available. Data last updated .