4705 5th

Sellers are ready for their next adventure, so bring your offer! This PRICED TO SELL home WITH TONS OF POTENTIAL is ready for updates to make it your own slice of paradise. Located on a RARE CORNER CANAL lot in SW Cape, this home offers 233 feet of waterfront on a GULF ACCESS CANAL. Less than 30 minutes to the open waters, 3 bridges, NO LOCK, this property includes a large 45 ft dock and 10,000-pound boat lift that will accommodate up to a 38 ft cruiser. Large backyard is fenced in to keep kids and pets safe. New roof in 2023. Located just minutes from dining and entertainment spots in Cape Harbor, Tarpon Point and downtown Cape Coral. The lanai will need new screens, repair to the stamped concrete deck and rethatch of the Tiki on the dock, about $5K in total repairs or the new owner can make changes to suit their lifestyle., The home would make an excellent turnkey investment property. In season, smaller homes on the street rent for over $300 a night, yielding a cap rate in excess of 6% based on just 180 days rented. Updated homes in the neighborhood have sold for over $1 million! Insurance costs are lower as the home was built to updated building codes, sits above the flood level and meets the wind mitigation standards for the area. The home sat high and dry during IAN while neighboring homes got flooded. FLOOD INSURANCE IS TRANSFERABLE! Assessments are paid! Reasonable offers will be considered.