937 se 23rd pl

This offering presents the opportunity to acquire 23rd Place Apartments, a fully occupied, 5-unit multi-family investment located in Cape Coral, Florida (1 of the Fastest growing city in America, ranked by multiple publications) This property offers a unit mix of (2) bedroom/ (1) bathroom apartments, each unit a spacious 973 square feet, for a building total of 4,868 square feet. All units offer low maintenance tile or LVP floors throughout, screened-in lanai, individual laundry rooms for full size washer, dryer and storage. All units are individually metered (water & electricity) for minimal landlord expenses. Capital Improvements in 2023 include brand new roof, full exterior paint, parking lot sealing and striping, air conditioning and plumbing upgrades. Interiors include all new vanities, fresh interior paint, misc plumbing, electrical and other hardware upgrades. The building comes turn-key, fully leased, with all tenants on 12-month leases. There is strong local rental growth and opportunity for future rental income increases. There are 8 parking spaces on-site. Listing photos are prior to tenant occupancy (taken summer of 2023) Offering memorandum Available