Cape Coral, FL 33990 937 SE 23rd Place 1-5
$875,000
Presented By: LSI Companies Inc.
Home Details
Fully occupied five-plex offering investors a turnkey, low-maintenance income stream in one of Southwest Florida's fastest-growing rental markets.
The 4,957 sq. ft. property is comprised of five 2-bedroom/1-bathroom units with an annual gross income of $96,000. Ownership has recently invested significantly in the asset, including a new roof, hurricane-resistant impact windows throughout, fully renovated bathrooms, full exterior paint, parking lot reseal and stripe, and replacement of all A/C units, substantially reducing near-term capital exposure for a new buyer.
• Hurricane resistant impact windows (2025)
• Renovated bathrooms (2025)
• All new A/C units (2024-25)
• New roof (2023)
• Parking lot reseal & stripe (2023)
• Full exterior paint (2023)
Presented By: LSI Companies Inc.
Interior Features for 937 SE 23rd Place 1-5
Other Interior Features
Air Conditioning Y/NYes
Heating Y/NYes
Total Stories1
General for 937 SE 23rd Place 1-5
CityCape Coral
CountyLee
Current UseMulti-Family
DirectionsLocated in East Cape Coral just North of the midpoint bridge.
HOA Fee$
HOA Fee 2
HOA Fee 3
Land Lease Amount
Lease Considered Y/NNo
Legal DescriptionCAPE CORAL UNIT 18 BLK 1399 PB 13 PG 108 LOTS 3 4 + 5 + VAC INST# 2008000115643
Lot Size UnitsAcres
MLS AreaCC14 - Cape Coral Unit 16, 18, 22-
PostalCityCape Coral
Property ConditionResale
Property SubtypeMulti Family
Property TypeCommercial Sale
Standard StatusActive
StatusActive
Tax Annual Amount8147.07
Tax Year2025
Unit Number1-5
UtilitiesElectricity Available, Other, Sewer Available, Water Available
Waterfront FeaturesNone
Year Built1979
Zoning DescriptionRML
Exterior for 937 SE 23rd Place 1-5
Covered Spaces
Lot Size Acres0.386
Lot Size Area0.386
Lot Size SourceAppraiser
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Rosi Galliani
R-Realtor
