Paradise Gardens – Closed on July 10, 2018

Paradise Gardens – Closed on July 10, 2018

Price: $ 1,600,000

Total Number of Units: 16

Address: 801-811 Southeast 12th Avenue, Cape Coral, FL 33990, USA

  • Well-built 1980’s vintage concrete block construction
  • Highly desirable unit mix consisting of large two and three bedroom townhouse units
  • Amenitized property with a large courtyard, pool, and in-unit laundry connections
  • Significant value-add opportunity (9.43% year one cap rate)
  • Current rents are 18% below market comparable rents
  • Ability to realize a year one cash-on-cash of 15.59%

Lead Agent(s): Benjamin N. Skinner

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Location Highlights

  • Within walking distance to cape coral hospital (1,200+ employees)
  • Well-positioned less than five minutes from the new lee county VA Health Center (500+ employees)
  • Located at the heart of the nation’s fastest-growing job market (Moody’s Analytics/Forbes)

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