1126 8th ST, CAPE CORAL, FL 33990

About this home

INVESTOR OPPORTUNITY – 6-UNIT MULTIFAMILY WITH POOL | CAPE CORAL Excellent opportunity to acquire a six-unit income-producing multifamily property with swimming pool at 1126 SE 8th St, Cape Coral, FL, offered at $1,099,000. The property features a desirable unit mix of four 2-bedroom/2-bath units and two 3-bedroom/2-bath units, totaling 14 bedrooms and 12 bathrooms. Current rents total $9,050 per month, generating $108,600 in annual gross rental income. Based on the operating expenses provided, the property generates an estimated Net Operating Income (NOI) of $84,520, representing an approximately 7.69% CAP rate at the $1,099,000 asking price. The property also features an on-site swimming pool, providing an attractive amenity for residents and helping distinguish the property in the rental market. An attractive opportunity for investors seeking an established multifamily asset with immediate rental income, six revenue-producing units and strong income potential in Cape Coral. Financial information is based on figures provided by the owner and should be independently verified by the buyer.

Property details

Property type

Multi Family

Year built

1988

Lot size

0.37 acres

Stories

2

County

Lee