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For sale 6 days ago

$119,900

15000 sqft

1519 Andalusia Blvd, Cape Coral , FL 33909

Lot

Current Rent **

N/A

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Multifamily Lot with Permits Approved

Don't miss this investing opportunity. Vacant multifamily land with construction permit already approved for a HUGE Duplex with a LOT of potential (can be turned into a 4-plex after CO). Each side features 1935 S.F. of Living Area 3 Bedrooms, 3 Baths, Huge Game Room and two separate entrances. Also has permit issued from FWC to work around existing owl on adjacent lot. Start this project today with existing contractor or transfer permit to the contractor of your choice. City Water and sewer available in N1W Area. Construction drawings available

Location:

1519 Andalusia Blvd, Cape Coral , FL 33909

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.