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Cape Cottages SE 4015 SE 19th Ave 5 Unit Apartment Building $1,301,224 CAD ($260,245 CAD/Unit) 7.15% Cap Rate Cape Coral, FL 33904
Investment Highlights
- Located Walking Distance to all new Jaycee Park
- Updated Roof/Mechanicals and low maintenance exterior
- Short Term Rental's allowable
Executive Summary
Investor Opportunity in Prime SE Cape Coral Location!
Well-maintained 5-unit multifamily property at 4015 SE 19th Ave offering strong in-place income with significant upside potential. Current gross rents of approximately $88,140 annually with the opportunity to increase to over $107,000+ pro forma by bringing under-market units to market rates. Property consists of a desirable unit mix of one 1-bedroom and four 2-bedroom units, with several units recently updated. Ideal for investors seeking cash flow plus value-add potential in a high-demand rental area. Centrally located near shopping, dining, and major corridors, this is a rare chance to acquire a scalable income-producing asset in Cape Coral.
Well-maintained 5-unit multifamily property at 4015 SE 19th Ave offering strong in-place income with significant upside potential. Current gross rents of approximately $88,140 annually with the opportunity to increase to over $107,000+ pro forma by bringing under-market units to market rates. Property consists of a desirable unit mix of one 1-bedroom and four 2-bedroom units, with several units recently updated. Ideal for investors seeking cash flow plus value-add potential in a high-demand rental area. Centrally located near shopping, dining, and major corridors, this is a rare chance to acquire a scalable income-producing asset in Cape Coral.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,301,224 CAD | Apartment Style | Townhome |
| Price Per Unit | $260,245 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 7.15% | Building Size | 4,240 SF |
| Gross Rent Multiplier | 10.8 | Average Occupancy | 80% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | ||
| Zoning | R3-D | ||
| Price | $1,301,224 CAD |
| Price Per Unit | $260,245 CAD |
| Sale Type | Investment |
| Cap Rate | 7.15% |
| Gross Rent Multiplier | 10.8 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 4,240 SF |
| Average Occupancy | 80% |
| No. Stories | 1 |
| Year Built | 1986 |
| Zoning | R3-D |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Storage Space
- Washer/Dryer
- Heating
- Refrigerator
- Stainless Steel Appliances
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 9+5 | 5 | - | 800 - 990 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 08-45-24-C1-00385.0160 | Total Assessment | $627,014 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
08-45-24-C1-00385.0160
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$627,014 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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Presented by
Nudi Family LLC
Cape Cottages SE | 4015 SE 19th Ave
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