Back 4701 Southeast 5th Place
Off Market

4701 Southeast 5th Place

Cape Coral FL 33904

4
4
2318 sq. ft.
0.46 ac.
Duplex
Last sold for $290,000
Dawn MullenDawn Mullen, last sold this property on 12 July 2021 after 14 days on market.

Overview

The "HIGHEST and BEST" usage for this property may not be the updated 2 bedroom and 2 bathroom 1964 built duplex you see? This model was originally built as a 1 Bedroom 1 bath unit & an Efficiency unit on each side. The original door to the efficiency was closed up on the front porch. This could easily be turned back into 4 unit for a possible vacation rental. The duplex sits on the 0.455 Ac in this downtown location. Current code is 16 units per acre. A minimum of 6 units without a variance can be built.Please do your due diligence before making an offer to verify what can or can not be built on this property. The duplex is fully rented. The current monthly rent is $2300 a month. The owner updated this duplex with ALL new Kitchens and Baths 10+ years ago. That includes granite counter tops, stainless steel appliances. The laundry room is off the kitchen. One side has a jealousy window, covered porch. The right side has a nice large screened in covered porch. Professional property management is in place. Investors/Developers can continue to rent the current duplex out until you have your plans and permits in place to build your project. Water and Sewer Assessment are PAID.

Features

4 bedrooms
4 bathrooms
2318 sq. ft. floor area
0.46 ac. lot size
Duplex

Estimated Value

Based on this property and similar 4 bedroom duplexes sold in Cape Coral over the last 12 months, the estimated median property value of 4701 Southeast 5th Place is $422k.

Median value
$422k
Estimated value range
$325k - $705k
Median days on market
59
Estimated value trend
-2%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Cape Coral. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 4701 Southeast 5th Place

2021
Sold
$290,000
12 Jul 2021 by Dawn Mullen, of Rossman Realty Group Inc
2018
Rented
Undisclosed
25 Apr 2018 by ROSSMAN REALTY PROPERTY MGMT
2012
Rented
Undisclosed
23 Oct 2012 by Rossman Realty Group Inc

Happy sellers in Cape Coral

77%
77% of sellers in Cape Coral reported that their sale price either exceeded or met their price expectations.

Cape Coral stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 18 reviews in Cape Coral over the last 12 months.

Local market activity for 4 bedroom duplexes in Cape Coral

In the last 12 months, 13 four-bedroom duplexes similar to 4701 Southeast 5th Place, have been sold.

This represents a 8% decrease in four-bedroom duplexes sales when compared to the previous 12 months.

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