Back on the market after Buyer failed to qualify for financing and let the contract expire.
Located in SW Cape Coral, considered the best area of the city, this duplex will prove to be a great long term investment. With 3 bedrooms and 2 bathrooms on each side, and an enclosed garage for each side, you can maximize your income potential. It is located on a fantastic street with other duplexes, surrounded by Gulf access homes. A new dimensional shingle roof was completed in October, 2023. Concrete block construction, built in 2000, city water and sewer with all assessments paid, and it is on an oversized corner lot. Spacious 1,250 sq ft. units. The left side unit has been remodeled recently. Both sides are available for immediate occupancy, and Seller is holding off on executing any new leases as they feel it will make it an easier transition with the sale. Rents for a 3 bedroom duplex in that area of Cape Coral go for around $2000-$2,200 per month. The right side unit 4020 has a new AC unit installed in 2020. Walking distance to Neighborhood Walmart, the public library & approximately 600 feet to the city bus stop. This is a great location for tenants & a perfect opportunity for an owner occupied/multigenerational living arrangement. With many families supporting elderly parents, this duplex is perfect to keep your loved ones close, but with the privacy of their own unit. Or, simply make this your first investment, and let someone else pay your mortgage! Plenty of room to add a pool. Cape Coral is a newer city that is clean, safe, and referred to as "A Boater's Paradise".