4616 SE 5th AVE CAPE CORAL FL 33904 MLS #224065373

Unlock the potential of this .34-acre property in the heart of Cape Coral, featuring a well-maintained duplex with city-approved plans to build an additional three-unit multifamily building. Each existing unit offers 2 bedrooms, 2 bathrooms, updated flooring, and separate entrances to each bedroom, making it easy to maximize rental income by splitting the units into 4 separate 1 bedroom rentals.

Recent upgrades include a new roof, hot water heater, and air conditioning units, all replaced within the last two years. The property boasts ample driveway parking, a detached common laundry area with storage, and screened-in patios with stunning southern-facing sunset views. Negotiable furniture gives you the flexibility to rent immediately or start fresh with your own design.

Located just minutes from downtown Cape Coral, this property is within walking distance of shopping, dining, and entertainment. Enjoy the vibrant local scene with events like farmers markets, Bike Nights, and art walks. The upcoming Cape Coral Yacht Club & Beach are a short drive, while Fort Myers Beach and Sanibel Island are only 20 and 30 minutes away, respectively.

Future developments, including the $100 million Bimini Square Project, Yacht Club renovation, Deep Lagoon waterfront restaurant, retail shops, luxury apartments, and Lee Health Medical facility, make this an even more attractive investment opportunity.

Whether you’re looking to live in one unit and rent the others or take advantage of the approved expansion, this property offers unmatched potential in a rapidly growing area. Don’t miss out—schedule your private tour today to explore this unique investment opportunity!