Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale Cultural Park Apartments (the “Property”), four (4) multifamily apartment units located just off Nicholas Parkway, which connects to the major thoroughfare Pine Island Road. Cultural Park Apartments, situated at 1126 SE 6th Avenue and 1125 SE 5th Court, Cape Coral, Florida 33990, was constructed in 1983. It consists of two (2) one-story duplexes on two parcels totaling 0.48-acres with 3,411 square feet of rentable space. The property comprises four (4) two-bedroom / two-bathroom units. Cultural Park Apartments 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 position on Nicholas Parkway, connecting to the major thoroughfare Pine Island Road, which provides convenient access to various amenities and attractions. The property is situated between the Cape Coral Police Department and the 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, Cultural Park Apartments is conveniently located near 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. Cultural Park Apartments presents investors with a unique opportunity to increase current rents to market rates in a stabilized, cash-flowing property. Its location, just a short distance from the Cape Coral Police Department and Cape Coral Fire Station, provides tenants with peace of mind and reassurance that they are residing in a great area.