4616 SE 5th Avenue #1, Cape Coral, FL 33904
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4616 SE 5th Avenue #1,Cape Coral, FL 33904
$545,000
- 4 Beds
- 4 Baths
- 3,120 sq. ft.
- Multi-family
- Pending
Listed by:angel lynn
Office:exp realty llc.
MLS#:225047915
Source:FL_GFMB
Price summary
- Price:$545,000
- Price per sq. ft.:$174.68
About this home
Discover the limitless potential of this .34-acre gem in the heart of Cape Coral! This meticulously maintained duplex comes with city-approved plans to add a three-unit multifamily building, offering an exciting investment opportunity in a thriving area. The existing units each feature 2 bedrooms, 2 bathrooms, sleek updated flooring, and separate entrances to every bedroom—perfect for maximizing rental income by converting them into four individual 1-bedroom rentals. Recent upgrades include a new roof, hot water heater, and air conditioning units, all replaced within the past two years, ensuring a modern and hassle-free experience for future tenants.
Enjoy convenient driveway parking, a detached common laundry area with storage, and screened-in patios showcasing breathtaking southern-facing sunset views. Negotiable furniture allows you to start renting immediately or personalize the space to your taste. Located just minutes from downtown Cape Coral, this property places you within walking distance of vibrant shopping, dining, and entertainment. Immerse yourself in local charm with events like farmers markets, Bike Nights, and art walks. Plus, exciting developments like the $100 million Bimini Square Project, Yacht Club renovation, Deep Lagoon waterfront restaurant, luxury apartments, retail shops, and Lee Health Medical facility promise to boost the area’s appeal even further.
With Fort Myers Beach and Sanibel Island just 20 and 30 minutes away, this property’s growth potential and prime location make it an unbeatable investment. Whether you're looking to live in one unit and rent the others or capitalize on the approved expansion, this is a rare chance to secure a high-demand multifamily property in Cape Coral. Don't miss out on this exceptional investment opportunity!
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Home facts
- Year built:1964
- Listing Id #:225047915
- Added:76 day(s) ago
- Updated:August 09, 2025 at 07:22 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:4
- Living area:3,120 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans, Electric
- Heating:Central, Electric
Structure and exterior
- Roof:Shingle
- Year built:1964
- Building area:3,120 sq. ft.
Finances and disclosures
- Price:$545,000
- Price per sq. ft.:$174.68
- Tax amount:$4,999 (2024)
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