1507 1509 SE 24th Ave

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1507 1509 SE 24th Ave

Cape Coral, FL 33990
Asking Price
$479K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in Cape Coral
  • Asset is situated at 1507 1509 SE 24th Ave
  • The asking price for the property is 479000 dollars
  • Located within a growing residential market in Southwest Florida
  • Suitable investment opportunity for residential rental income strategy

What's Special

Cape Coral represents a significant residential hub within the Southwest Florida region, characterized by its expansive canal network and steady population growth. This multifamily property, located at 1507 1509 SE 24th Ave, occupies a position within this developed suburban market. The apartment building offers a tangible investment asset for those looking to expand their residential portfolio in a region that continues to attract long-term tenants seeking proximity to the Gulf Coast's primary employment centers. Given the asset type and its current configuration, the building serves as a practical option for investors targeting workforce housing or rental income stabilization. Its placement in the 33990 ZIP code provides residents with access to local services and regional arterial roads, supporting consistent demand for rental housing across the greater metropolitan area.

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NOI
$80,000
Cap Rate
16.70%
DSCR
2.81
Strong
Cash-on-Cash
35.88%
Monthly Payment
$2,369.831
Annual Cash Flow
$51,562.032

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