Neighborhood: Cape Coral, Cc12 - Cape Coral Unit 7-15
4 unit money maker in downtown Cape Coral. Fully leased to great tenants and grossing $3600 per month. Walking distance to Downtown Cape Coral restaurants, shopping, bars, and festivals. Renovated carport, large corner lot and a shady backyard with a beautiful Mango tree. All tile throughout, new electric panels and hot water heater. Energy efficient window A/C units. Laundry hook ups in the shed would be ideal for coin op laundry for additional income. Property has a current CAP rate of 8% and a 13% cash on cash return with a 70 LTV, market rate loan.
Financial analysis is attached.