The Flats At Cape Coral | 1321 SE 8th Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
The Flats At Cape Coral 1321 SE 8th Ave
6 Unit Block of Flats £978,063 (£163,010/Unit) 6.85% Net Initial Yield Cape Coral, FL 33990
Investment Highlights
- Rare Opportunity to Acquire a 2004 Construction Apartment Building in the Heart of Cape Coral
- Both Buildings were Constructed with Concrete Block and Central Air Conditioning
- Well-Stabilized and Cash-Flowing Property
- All Units Comprise of Large 2 Bedroom / 2 Bathroom Floorplans
Executive Summary
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale The Flats at Cape Coral (the "Property"), a 6-unit multifamily offering consisting of two properties, located within Cape Coral, Florida.
The Flats at Cape Coral, located at 1321 SE 8th Avenue, Cape Coral, FL 33990, was built in 2004 with CBS construction. It consists of two one-story buildings on a 0.38 acre-lot, totaling 6,098 square feet of rentable living space. The property is comprised of (6) large two-bedroom / two-bathroom units, and each unit includes it's own hurricane shutters.
The Flats at Cape Coral is located in Cape Coral, often referred to as "The Cape," a family-oriented city known as the "Waterfront Wonderland" for its 400 miles of picturesque canals. Nestled along the scenic Gulf Coast, the property benefits from its location, being less than one mile from the Cape Coral Police Department and Cape Coral Fire Station. Nearby points of interest include Sun Splash Family Waterpark, Tarpon Point Marina, Cape Coral Historical Museum, and Gulf Coast Town Center. Additionally, the Flats at Cape Coral is conveniently close to several major employers in the Lee County area, Including Lee Health Cape Coral Hospital, a prominent healthcare provider, Publix Super Markets, a significant retail employer, and the Lee County School district.
The Flats at Cape Coral presents investors with a unique opportunity to increase current rents to market rates in a stabilized, cash-flowing property. Its location within walking distance of the United States Post Office, Cape Coral Police Department, and Cape Coral Fire Station provides tenants with peace of mind.
The Flats at Cape Coral, located at 1321 SE 8th Avenue, Cape Coral, FL 33990, was built in 2004 with CBS construction. It consists of two one-story buildings on a 0.38 acre-lot, totaling 6,098 square feet of rentable living space. The property is comprised of (6) large two-bedroom / two-bathroom units, and each unit includes it's own hurricane shutters.
The Flats at Cape Coral is located in Cape Coral, often referred to as "The Cape," a family-oriented city known as the "Waterfront Wonderland" for its 400 miles of picturesque canals. Nestled along the scenic Gulf Coast, the property benefits from its location, being less than one mile from the Cape Coral Police Department and Cape Coral Fire Station. Nearby points of interest include Sun Splash Family Waterpark, Tarpon Point Marina, Cape Coral Historical Museum, and Gulf Coast Town Center. Additionally, the Flats at Cape Coral is conveniently close to several major employers in the Lee County area, Including Lee Health Cape Coral Hospital, a prominent healthcare provider, Publix Super Markets, a significant retail employer, and the Lee County School district.
The Flats at Cape Coral presents investors with a unique opportunity to increase current rents to market rates in a stabilized, cash-flowing property. Its location within walking distance of the United States Post Office, Cape Coral Police Department, and Cape Coral Fire Station provides tenants with peace of mind.
Data Room Click Here to Access
Property Facts
| Price | £978,063 | Apartment Style | Low Rise |
| Price Per Unit | £163,010 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.38 AC |
| Net Initial Yield | 6.85% | Building Size | 6,072 SF |
| Gross Rent Multiplier | 9.74 | Number of Floors | 1 |
| No. Units | 6 | Year Built | 2004 |
| Property Type | Residential | Parking Ratio | 1.81/1,000 SF |
| Property Subtype | Apartment |
| Price | £978,063 |
| Price Per Unit | £163,010 |
| Sale Type | Investment |
| Net Initial Yield | 6.85% |
| Gross Rent Multiplier | 9.74 |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 6,072 SF |
| Number of Floors | 1 |
| Year Built | 2004 |
| Parking Ratio | 1.81/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+2 | 6 | - | 1,013 |
zoning
| Zoning Code | Commercial |
| Commercial |
Contacts
-
Daniel Cunningham -
Dillon Majeski -
Evan Richardson -
River Rhoads -
Cory Sanchez -
Jason Nowik -
Marcus & Millichap
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
The Flats At Cape Coral | 1321 SE 8th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.