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Lee County, Florida
The Landings Realty Fort Myers Homes

501-503 SE 5th Place, Cape Coral, FL 33990 (MLS # 2026021456)

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PRICE $550,000
BEDS 6
BATHS 4
HOME SIZE 2,474 sqft
LOT SIZE 12,197 sqft

Welcome to a fully leased, cash-flowing duplex on a desirable corner lot in Cape Coral, now offering a rare 3.75% interest rate buydown for qualified buyers. This turnkey property is generating over $1,000 in monthly cash flow with both sides occupied by quality tenants, delivering immediate returns with zero vacancy concerns. Built in 2024, each side offers 1,237 square feet of living space with 3 bedrooms, 2 full bathrooms, and an attached 1-car garage. The corner lot location provides enhanced curb appeal, extra yard space, and better natural light, making these units highly desirable to current and future tenants. With both sides already leased and generating strong cash flow, this property offers true passive income from day one. As newer construction, you'll benefit from minimal maintenance needs and years of reliable performance ahead. This is your opportunity to acquire a turnkey, cash-flowing investment with quality tenants in place and financing that makes the numbers work beautifully. Perfect for 1031 exchange buyers, portfolio builders, or first-time investors.

DAYS ON MARKET 25 LAST UPDATED 6/5/2026
TRACT CAPE CORAL YEAR BUILT 2024
COMMUNITY CAPE CORAL COUNTY Lee
STATUS Sold PROPERTY TYPE(S) Multi Family


ADDITIONAL DETAILS
AIR Ceiling Fan(s), Central Air, Electric
AIR CONDITIONING Yes
AREA CC14 - Cape Coral Unit 16,18,22-
CONSTRUCTION Block, Concrete, Stucco
EXTERIOR None
HEAT Central, Electric
LOT 0.28 acre(s)
LOT DIMENSIONS 113 x 125 x 105 x 104
SEWER Public Sewer
STORIES 1
STYLE One Story, Ranch
SUBDIVISION CAPE CORAL
TAXES 9563.04
UTILITIES Cable Available
WATER Public



 
CONTACT US ABOUT 501-503 SE 5TH PLACE
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Listing provided by Mari Ruiz Vallejo, Panther Realty LLC
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