907 Skyline Blvd

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907 Skyline Blvd

Cape Coral, FL 33991
Asking Price
$6.00M
Asset Type
Multifamily
Class
Class B

What's Special

907 Skyline Blvd is situated in a well-established residential corridor of Cape Coral, Florida. The location provides direct northward and southward connectivity via Skyline Boulevard, linking residents to major thoroughfares like Veterans Memorial Parkway and Cape Coral Parkway. The surrounding neighborhood is characterized by a mix of single-family homes and mid-density residential developments. Local amenities within a three-mile radius include several grocery-anchored shopping centers, hardware stores, and community parks. Public transit options are accessible through the LeeTran bus system, and the site offers convenient commutes to the employment hubs of Fort Myers and downtown Cape Coral. This multifamily asset is positioned for long-term residential use, catering primarily to the local workforce and small households. The location is suited for professionals seeking proximity to the city’s commercial districts or young families looking for a residential environment with access to regional schools. Given the surrounding demographic, typical tenants may include medical staff from nearby healthcare facilities, retail managers, or municipal employees. The property offers a functional site plan for long-term rental operations, benefitting from the steady demand for housing in Lee County’s expanding suburban market.

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NOI
$80,000
Cap Rate
1.33%
DSCR
0.22
Underwater
Cash-on-Cash
-15.35%
Monthly Payment
$29,684.726
Annual Cash Flow
$-276,216.715

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