227-225 Cape Coral PKWY E , CAPE CORAL, 33904

List Price:   $525,000 -

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Property Description

Income Today Upside tomorrow. OPPORTUNITY KNOCKS on Cape Coral Parkway! This existing duplex includes a one-car attached garage on one side and offers multiple possibilities for rental income, expansion, or future redevelopment. The multifamily property includes additional land that may provide the opportunity to construct another duplex while retaining the existing structure. You may also consider removing the existing improvements and redeveloping the combined property for multiple residential units, potentially more than four units, depending on allowable density, setbacks, parking, utilities, site-plan requirements, and final approval from the City of Cape Coral. Buyers should independently verify all development possibilities with the City. DO NOT DISTURB TENANTS!!!! Recent permit history includes a Re-roof completed in 2022 and re-piping work completed in 2004 for both sides.

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Listing provided courtesy of Realty One Group MVP


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3878 12TH AVE SE3665 41ST AVE NE2735 36TH AVE SE
$449,900$249,900$299,900
MLS# 216066689MLS# 216044770216066673
3132 SF on 3.33 Acres Built in 20061179 SF on 1.14 Acres Built in 19992,195 SF on 1.14 Acres Built in 2008
3+Den/3 Baths3Bed/2Bath4Bed/3Bath

 

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