4902 Victoria DR, Cape Coral, FL, 33904 | $599,000

Welcome to your next investment opportunity in sunny Cape Coral! Introducing a charming fourplex nestled in the heart of Cape Coral, offering a blend of comfortable living spaces and promising investment potential. This unique property features a mix of two efficiently designed studio units, perfect for individuals or couples seeking simplicity, along with three spacious one-bedroom, one-bathroom units ideal for tenants looking for a cozy retreat. Additionally, there's a well-appointed two-bedroom, one-bathroom unit, catering to families or those desiring extra space. Here's why this Cape Coral fourplex is an exceptional investment:
Efficient Living: Two studio units provide efficient living spaces, offering tenants a comfortable place to call home without unnecessary frills, perfect for those seeking simplicity and functionality.
Cozy Retreats: Three one-bedroom, one-bathroom units offer spacious living areas, modern amenities, and tranquil surroundings, providing tenants with a peaceful retreat after a long day.
Family-Friendly Option: The two-bedroom, one-bathroom unit is ideal for families or individuals who desire more space. With well-appointed bedrooms and a functional layout, this unit caters to a broader range of potential tenants.
Cape Coral Location: Situated in the vibrant community of Cape Coral, this fourplex offers residents easy access to the area's beautiful beaches, recreational activities, dining, shopping, and entertainment options, ensuring high tenant demand.
Income Potential: With four units generating rental income, this property presents a lucrative opportunity for investors to capitalize on Cape Coral's thriving rental market and enjoy a steady cash flow.
Low Maintenance: Designed for convenience, this fourplex requires minimal upkeep, allowing you to focus on maximizing profitability and providing exceptional tenant experiences.
Investment Stability: Cape Coral's growing population and strong rental demand make this fourplex an attractive investment option for both seasoned investors and newcomers looking to build wealth through real estate.
Don't miss out on the chance to own a piece of Cape Coral's real estate market. Whether you're seeking a solid investment opportunity or looking to expand your portfolio, this fourplex offers the perfect combination of location, income potential, and comfort. Schedule a viewing today and discover the endless possibilities that await you in Cape Coral!
Units A+B share electric and water along with Unit C+D share electric and water with the owner adding it in to the rent.

Features

  • Building Design: Quadraplex
  • Amenities: None
  • Bedrooms: 5
  • Baths: 4 full
  • Units: 4
  • Style: Other
  • Development: CAPE CORAL
  • Year Built: 1961
  • Heating: Wall Unit
  • Cooling: Wall Unit
  • Acreage: 0.23
  • Est. Taxes: $5,028
  • Lot Desc: Corner
  • Community Type: Non-Gated
  • Pet Policy: With Approval
  • MLS#: 224025772
  • Website: https://www.raveis.com
    /prop/224025772/4902victoriadr_capecoral_fl?source=qrflyer
Copyright © 2024  The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright Southwest Florida MLS organizations. All rights reserved.
Courtesy of DOMAINREALTY.COM LLC

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

4902 Victoria DR, Cape Coral, FL, 33904

$599,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $479,200 $479,200 $479,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.375% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.708% 7.133% 6.256%
Monthly Tax Payment $419 $419 $419
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,310 $3,185 $4,041
Total Monthly Payment $3,821 $3,696 $4,552

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.