227-225 Cape Coral Parkway E, Cape Coral, FL 33904
- $525,000
- 5
- BD
- 4
- BA
- 2,606
- SqFt
- List Price
- $525,000
- Status
- ACTIVE
- MLS#
- 226026704
- Bedrooms
- 5
- Bathrooms
- 4
- Living Area
- 2,606
- Development
- Cape Coral
- Subdivision
- Cape Coral
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!!!! YOU MUST CALL LISTING AGENT FOR SHOWING AND ACCESS. Recent permit history includes a Re-roof completed in 2022 and re-piping work completed in 2004 for both sides.
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Additional Information
- Taxes
- $4,152
- Building Design
- Duplex
- Year Built
- 1984
- Community Type
- None
- Construction
- Block, Concrete, Stucco
- Living Area
- 2,606
- Acres
- 0.46
- Amenities
- None
- Cooling
- Central Air, Ceiling Fan(s), Electric
- Heating
- Central, Electric
- Flooring
- Laminate, Tile
- Exterior Features
- None
- Waterfront Description
- None
- Water
- Assessment Paid
- Sewer
- Assessment Paid
- Pets
- Call, Conditional
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Listing courtesy of Realty One Group MVP.