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$ 550,000
$ 550,000
501-503 SE 5th PL Cape Coral, FL 33990
6 Beds
4 Baths
0.28 Acres Lot
UPDATED:
Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Cape Coral
MLS Listing ID 2026021456
Sold Date 06/05/26
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 2024
Annual Tax Amount $9,563
Tax Year 2025
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type Duplex
Source Florida Gulf Coast
Property Description
Built in 2024, each side offers 1,237 square feet of living space with 3 bedrooms, 2 full bathrooms, and an attached 1-car garage. The corner lot location provides enhanced curb appeal, extra yard space, and better natural light, making these units highly desirable to current and future tenants.
With both sides already leased and generating strong cash flow, this property offers true passive income from day one. As newer construction, you'll benefit from minimal maintenance needs and years of reliable performance ahead.
This is your opportunity to acquire a turnkey, cash-flowing investment with quality tenants in place and financing that makes the numbers work beautifully. Perfect for 1031 exchange buyers, portfolio builders, or first-time investors.
Location
State FL
County Lee
Area Cc14 - Cape Coral Unit 16, 18, 22-
Zoning RML
Direction From Daniels Pkwy, take US-41 N, turn left on Colonial Blvd, cross Midpoint Bridge (toll), continue on Veterans Memorial Pkwy (toll), turn right on Country Club Blvd, left on Nicholas Pkwy E, right on Cultural Park Blvd, left on SE 5th St to 501 SE 5th Pl.
Interior
Heating Central Electric
Cooling Ceiling Fan(s), Central Electric
Flooring Vinyl
Window Features Impact Resistant,Single Hung
Exterior
Exterior Feature None
Community Features None, Non-Gated
Utilities Available Cable Available
Waterfront Description None
Roof Type Shingle
Private Pool No
Building
Lot Description Oversize
Faces From Daniels Pkwy, take US-41 N, turn left on Colonial Blvd, cross Midpoint Bridge (toll), continue on Veterans Memorial Pkwy (toll), turn right on Country Club Blvd, left on Nicholas Pkwy E, right on Cultural Park Blvd, left on SE 5th St to 501 SE 5th Pl.
Story 1
Sewer Central
Water Central
Level or Stories 1 Story/Ranch
Structure Type Concrete Block,Stucco
New Construction No
Others
Tax ID 13-44-23-C3-01138.0200
Acceptable Financing Buyer Finance/Cash, FHA, VA Loan
Listing Terms Buyer Finance/Cash, FHA, VA Loan
Pets Allowed No Approval Needed
Bought with Panther Realty LLC