Paradise Gardens

Paradise Gardens

Price: $ 1,600,000

Total Number of Units: 16

Address: 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%
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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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