1500 Pine Island RdCape Coral, FL 33991

Property Details for 1500 Pine Island Rd

Year built

1988

Construction

STEEL FRAME

Lot size

1.11 AC

Property size (Sq ft)

8,950 SF

Zone code

CORR

Property type

Retail properties

Property subtype

Retail space

APN

07-44-24-C2-03571.A000

APU

074424C203571A000

Description

This exceptional investment opportunity presents a brand-new, 44-unit single-family rental home portfolio situated in a rapidly expanding southwest Florida location. The property is strategically positioned within Cape Coral, Lee County, Florida, at 1500 Pine Island Rd, zip code 33991 (latitude 26.6375502, longitude -82.0064842). This portfolio offers significant potential for long-term growth and stability, supported by a long-term warranty. The high demand for rental properties in this area is further bolstered by the influx of over 1,200 new residents relocating to Florida daily. The ease of management inherent in this portfolio makes it an attractive option for investors seeking a streamlined approach to real estate investment. The portfolio's multifamily nature, specifically as a single-family rental portfolio, provides a diversified income stream. This turnkey investment is ideally suited for those seeking a strong return on investment in a thriving market. The property's location in Cape Coral offers convenient access to various amenities and attractions, enhancing its appeal to tenants. This presents a rare chance to acquire a substantial, well-maintained rental portfolio in a prime location with exceptional growth prospects. The portfolio's new construction status minimizes immediate maintenance concerns, allowing for a focus on maximizing rental income and long-term appreciation.

• CAP approach

  CAP return

  Valuation

  6%

  $3,489,895

  6.5%

  $3,221,442

  7%

  $2,991,339

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,524,548

  Geo Method

  $4,119,037

• Alternative Use

  Use

  Valuation

  Residential

  $2,717,406

  Hospitality

  $2,489,130

  Educational

  $2,070,927

  Medical

  $2,142,149

  Retail

  $3,221,442

Location Insight

City

Cape Coral

County

Lee

State

Florida

Latitude

26.666

Longitude

-81.9433

CBSA code

15980

CBSA name

CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].