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The Duchess 706 SE 13th Ct 10 Unit Apartment Building $2,459,323 CAD ($245,932 CAD/Unit) Cape Coral, FL 33990
Investment Highlights
- Situated directly behind Cape Coral Hospital, this property captures a built-in tenant base of healthcare professionals
- A brand-new roof and updated plumbing significantly de-risk the investment, protecting your immediate cash flow from major structural maintenance cost
- The rare combination of canal dock access, a community pool, and private balconies with water views allows for higher rental premiums
- With all first-floor units already remodeled, there is a clear "proof of concept" to renovate the remaining units
Executive Summary
This waterfront multifamily property in Cape Coral represents a rare investment opportunity combining location resilience, premium amenities, and proven upside potential. Positioned directly behind Cape Coral Hospital, the asset benefits from a built-in tenant base of healthcare professionals, ensuring strong occupancy and consistent rental demand. The surrounding area is a thriving residential and medical hub, creating long-term stability for investors seeking dependable cash flow.
Residents enjoy an elevated lifestyle with canal dock access, a community pool, and private balconies offering serene water views—features that command rental premiums well above standard inland properties. These amenities not only enhance tenant satisfaction but also strengthen retention rates, making this property a standout in the local market.
Recent capital improvements, including a brand-new roof and updated plumbing systems, significantly reduce near-term maintenance exposure. This translates into predictable cash flow and minimizes the risk of unexpected structural expenses, allowing investors to focus on growth rather than repairs.
With all first-floor units already remodeled, there is a clear proof of concept for a value-add strategy. Renovating the remaining units provides an immediate path to forced appreciation and market-rate rent optimization. This combination of location, lifestyle appeal, and operational security makes this property an exceptional acquisition for investors targeting both short-term gains and long-term value growth.
Residents enjoy an elevated lifestyle with canal dock access, a community pool, and private balconies offering serene water views—features that command rental premiums well above standard inland properties. These amenities not only enhance tenant satisfaction but also strengthen retention rates, making this property a standout in the local market.
Recent capital improvements, including a brand-new roof and updated plumbing systems, significantly reduce near-term maintenance exposure. This translates into predictable cash flow and minimizes the risk of unexpected structural expenses, allowing investors to focus on growth rather than repairs.
With all first-floor units already remodeled, there is a clear proof of concept for a value-add strategy. Renovating the remaining units provides an immediate path to forced appreciation and market-rate rent optimization. This combination of location, lifestyle appeal, and operational security makes this property an exceptional acquisition for investors targeting both short-term gains and long-term value growth.
Property Facts
| Price | $2,459,323 CAD | Building Class | C |
| Price Per Unit | $245,932 CAD | Lot Size | 0.84 AC |
| Sale Type | Investment | Building Size | 21,277 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1995 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R3-W - Residential | ||
| Price | $2,459,323 CAD |
| Price Per Unit | $245,932 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.84 AC |
| Building Size | 21,277 SF |
| No. Stories | 2 |
| Year Built | 1995 |
| Parking Ratio | 2/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3-W - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 10 | - | - |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,525,589 CAD | |
| Land Assessment | $350,093 CAD | Total Assessment | $1,969,742 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$350,093 CAD
Improvements Assessment
$1,525,589 CAD
Total Assessment
$1,969,742 CAD
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The Duchess | 706 SE 13th Ct
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