Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale The Flats at Cape Coral (the "Property"), a 6-unit multifamily offering consisting of two properties, located within Cape Coral, Florida. The Flats at Cape Coral, located at 1321 SE 8th Avenue, Cape Coral, FL 33990, was built in 2004 with CBS construction. It consists of two one-story buildings on a 0.38 acre-lot, totaling 6,098 square feet of rentable living space. The property is comprised of (6) large two-bedroom / two-bathroom units. The Flats at Cape Coral is located in Cape Coral, often referred to as "The Cape," a family-oriented city known as the "Waterfront Wonderland" for its 400 miles of picturesque canals. Nestled along the scenic Gulf Coast, the property benefits from its location, being less than one mile from the Cape Coral Police Department and Cape Coral Fire Station. Nearby points of interest include Sun Splash Family Waterpark, Tarpon Point Marina, Cape Coral Historical Museum, and Gulf Coast Town Center. Additionally, the Flats at Cape Coral is conveniently close to several major employers in the Lee County area, Including Lee Health Cape Coral Hospital, a prominent healthcare provider, Publix Super Markets, a significant retail employer, and the Lee County School district. The Flats at Cape Coral presents investors with a unique opportunity to increase current rents to market rates in a stabilized, cash-flowing property. Its location within walking distance of the United States Post Office, Cape Coral Police Department, and Cape Coral Fire Station provides tenants with peace of mind.