227-225 Cape Coral Pkwy E
Property Description
Income Today Upside tomorrow. OPPORTUNITY KNOCKS on Cape Coral Parkway! This existing duplex includes a one-car attached garage on one side and offers multiple possibilities for rental income, expansion, or future redevelopment. The multifamily property includes additional land that may provide the opportunity to construct another duplex while retaining the existing structure. You may also consider removing the existing improvements and redeveloping the combined property for multiple residential units, potentially more than four units, depending on allowable density, setbacks, parking, utilities, site-plan requirements, and final approval from the City of Cape Coral. Buyers should independently verify all development possibilities with the City. DO NOT DISTURB TENANTS!!!! Recent permit history includes a Re-roof completed in 2022 and re-piping work completed in 2004 for both sides.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $494,900 |
| No. of Units: | 2 |
| Year Built: | 1984 |
| Lot Size: | 2,606.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $247,450 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 4 |
ID: 3yd-NABORFL-226026704
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