For more information on this property, contact The Botelho Team, David and Sandra at 239-368-1803 or

603 SE 46th Lane 605
Cape Coral, Florida FL 33904
Price: $439,000
Listing ID 220066229
Status Pending
Bedrooms 4
Full Baths 4
Total Baths 4
SqFt 1,600
Acres 0.230
Year Built 1965

Property Description:

BUYER FINANCING FELL THROUGH. 4 unit money maker in downtown Cape Coral. Fully leased to great tenants and grossing $3750 per month. Walking distance to Downtown Cape Coral restaurants, shopping, bars, and festivals. Renovated carport, large corner lot and a shady backyard with a beautiful Mango tree. New roof. All tile throughout, new electric panels and hot water heater. Energy efficient window A/C units. Laundry hook ups in the shed would be ideal for coin op laundry for additional income. Property has a current cash on cash return of almost 10% with a 75% LTV, market rate loan. Financial analysis is attached.

Primary Features

County: Lee
Price Before Reduction: 449000
Price Reduction Date: 2022-04-06T18:13:10+00:00
Property Sub Type: Quadruplex
Property Type: Residential Income
Subdivision: CAPE CORAL
Year Built: 1965
Zoning: R3-D


Cooling: Ceiling Fan(s), Window Unit(s)
Flooring: Tile
Heating: None
Laundry Features: Common Area
Stories: 1


Architectural Style: Ranch, One Story
Construction Materials: Block, Concrete, Stucco
Exterior Features: Fruit Trees, Room For Pool
Irrigation Source: None
Lot Dimensions Source: Appraiser
Lot Features: Rectangular Lot
Lot Size Area: 0.23
Lot Size Dimensions: 80 x 125 x 80 x 125
Lot Size Source: Appraiser
Number Of Units Total: 4
Road Responsibility: Public Maintained Road
Road Surface Type: Paved
Roof: Shingle
Sewer: Assessment Paid, Public Sewer
Structure Type: Quadruplex
Water Source: Assessment Paid, Public
Window Features: Casement Window(s), Jalousie


Association Amenities: Boat Ramp, Laundry, Park
Community Features: Non-Gated
Gulf Access: no
MLS Area Major: CC12 - Cape Coral Unit 7-15
Postal City: CAPE CORAL
Public Survey Township: 45
Waterfront Features: None


CLIP: 1043794452
Development Name: CAPE CORAL
Documents Count: 3
Mls Status: Pending
Modification Timestamp: 2022-05-04T20:45:20+00:00
Originating System Name: SWFL
Originating System Sub Name: SWFL_FLORIDAGULFCOAST
Permission: IDX
Permission: IDX
Pets Allowed: Yes
Property Condition: Resale
Property Sub Type Additional: Quadruplex
Public Survey Range: 23
Public Survey Section: 12
Standard Status: Pending


Contingency: Inspection
Gross Scheduled Income: 43200
Net Operating Income: 26440
Operating Expense: 14600
Possession: Close Of Escrow
Potential Short Sale: N
Tax Annual Amount: 3699
Tax Block: 318
Tax Lot: 49
Tax Year: 2019
Tenant Pays: Cable TV

Zoning Info

Listing courtesy of MVP Realty Associates LLC
The data relating to real estate for sale on this limited electronic display comes in part from the Southwest Florida MLS (Gulf Coast). Properties listed with brokerage firms other than Sun Realty USA, Inc. are marked with the Southwest Florida MLS logo and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the Broker Reciprocity Program. The source of this real property information is the copyrighted and proprietary database compilation of the participating Southwest Florida MLS organizations and is Copyright 2022 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. Some properties that appear for sale on this limited electronic display may no longer be available. For the most current information, contact Sun Realty USA, Inc.. Data last updated Sunday, May 29th, 2022 at 02:00:01 AM.

Contact - Listing ID 220066229

The Botelho Team, David and Sandra

3757 Tamiami Trail
Naples, FL 34103
Phone: 239-368-1803
Fax: 508-401-2550

Data services provided by IDX Broker