4601 SE 5th Avenue Cape Coral, FL 33904
Back on Market soon. Great Investment opportunity! Turnkey! Cap rate of a minimum of 9%! Much opportunity to increase NOI! Amongst the largest Hotel rooms in Cape Coral most with fully equipped kitchens! Highest occupancy level of out of six hotels in Cape Coral year-round! Already fully staffed or make more money and owner run it yourself. With a motivated owner, this is a cash cow year-round! Financial growth ideas are increase daily rent amounts, canoe/kayak rentals, boat slip rentals, paddleboard rentals, restaurant opening , bait sales, beverage sales food sales (vending) , bike rentals etc., daily use of pool rentals and much more. Visit web site on site fishing galore with brackish water that leads to the Gulf of Mexico. Yes, we have manatee and dolphin! Property full of flora and fauna!

Price History
date | event | price | source |
---|---|---|---|
11/06/2021
11/06/2021
|
Sold |
$22,000
|
Florida Gulf Coast MLS |
08/05/2021
08/05/2021
|
Pending |
$2,400,000
|
Florida Gulf Coast MLS |
04/15/2021
04/15/2021
|
Active |
$2,400,000
|
Florida Gulf Coast MLS |
03/09/2021
03/09/2021
|
Active |
$2,700,000
|
Florida Gulf Coast MLS |
Market Trends
Source: Constellation1
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