46TH LANE APARTMENTS
SP Multifamily Group of Marcus & Millichap is pleased to present qualified investors with the opportunity to acquire 46th Lane Apartments. This recently upgraded multifamily asset is located in Cape Coral, Florida, and is ideally situated directly outside of Downtown Cape Coral. Additionally, 46th Lane Apartments offers an investor the ability to acquire an asset within walking distance to the highly-anticipated Bimini Basin Redevelopment Area, a 30+ acre masterplan expected to reshape Downtown Cape Coral, by ushering in mixed-use and mid-density development that provides locals with a true live-work-play lifestyle. 46th Lane Apartments consists of 6 units and offers a new owner the opportunity to increase the rents by $300+ through a shift in marketing and operational strategies as well as achieve Year-2 Cash-on-Cash Returns of roughly 10%.
Property tours are by appointment only. Please contact one of the listing brokers below to schedule tours.
6
UNITS
3,117
SQFT
1965 | 1979
YEAR(S) BUILT
PRICED AT
MARKET BID
VITAL PROPERTY DATA
Property Addresses: 617 SE 46th Lane, Cape Coral, FL
NUMBER OF UNITS: 6 Units
RENTABLE SQUARE FOOT: 3,117 SF
AVERAGE UNIT SIZE: 520 SF
NUMBER OF BUILDINGS: (2) Residential; (1) Storage
LOT SIZE: 0.34 Acres +/-
FINANCING: Free and Clear
DEAL TEAM CONTACTS
Benjamin Skinner
Associate Director | Senior Investment Associate
O. (407) 557-3889
Benjamin.Skinner@marcusmillichap.com
Matthew Prozzillo
Associate Director | Senior Investment Associate
O. (407) 557-3888
Matthew.Prozzillo@marcusmillichap.com
Contact an Agent Listed Above to Schedule Property Tours