Mary Ann Kelly MacDonald - Downing-Frye Realty Logo
$1,099,000
( )
 $5,900 est/mo Sourced by Back At You

1126 8th St,CAPE CORAL, FL 33990

CAPE CORAL, FL 33990

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Description

INVESTOR OPPORTUNITY - 6-UNIT MULTIFAMILY WITH POOL | CAPE CORAL Excellent opportunity to acquire a six-unit income-producing multifamily property with swimming pool at 1126 SE 8th St, Cape Coral, FL, offered at $1,099,000. The property features a desirable unit mix of four 2-bedroom/2-bath units and two 3-bedroom/2-bath units, totaling 14 bedrooms and 12 bathrooms. Current rents total $9,050 per month, generating $108,600 in annual gross rental income. Based on the operating expenses provided, the property generates an estimated Net Operating Income (NOI) of $84,520, representing an approximately 7.69% CAP rate at the $1,099,000 asking price. The property also features an on-site swimming pool, providing an attractive amenity for residents and helping distinguish the property in the rental market. An attractive opportunity for investors seeking an established multifamily asset with immediate rental income, six revenue-producing units and strong income potential in Cape Coral. Financial information is based on figures provided by the owner and should be independently verified by the buyer.

Details

MLS #226029047
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1988
Days On Site30
Listing Provided ByXclusive Homes LLC | Maria Rojas

Features

Story(s)2
ZoningRML
Acreage0.37
Water FrontYes

Interior

Cooling Yes / NoNo
Heating Yes / NoNo
Fireplace Yes / NoNo

Parking

Garage Yes / NoNo
Attached Garage Yes / NoNo

Taxes

Tax Annual Amount11170.58
Tax Legal DescriptionCAPE CORAL UNIT 16
Tax Year2025

Area Information

StateFL
CountyLee
CityCAPE CORAL
Zip Code33990
Listing VS Median (in 33990)
Price:
$1,099,000
low | high
Med:
$322,450
100% of Average
On site:
30
low | high
Med:
104.5
28.708133971292% of Average
Sourced by Back At You

Market Activity 33990

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Learn More About This Property

Mary Ann Kelly MacDonald

Mary Ann Kelly MacDonald

Downing-Frye Realty

Broker Associate, J.D., Member of Delaware Bar (302) 893-5321maryann@macluxuryteam.com
StateFL
CountyLee
CityCAPE CORAL
Zip Code33990
Listing VS Median (in 33990)
Price:
$1,099,000
low | high
Med:
$322,450
100% of Average
On site:
30
low | high
Med:
104.5
28.708133971292% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $824K - $1.373M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
1103 8th TER B Property Photo 1
$1,550
1103 8th Ter B
Cape Coral, FL 33990
1211 SE 8th TER Property Photo 1
$1,595
1211 Se 8th Ter
Cape Coral, FL 33990
1031 SE 8th TER 2H Property Photo 1
$175,000
1031 Se 8th Ter 2h
Cape Coral, FL 33990
1104 SE 8th ST 7 Property Photo 1
$165,900
1104 Se 8th St 7
Cape Coral, FL 33990
1031 SE 9th ST 2-3 Property Photo 1
$1,750,000
1031 Se 9th St 2-3
Cape Coral, FL 33990
Listing Updated: August 11, 2026 at 1:48:56 PM PDT

Mary Ann Kelly MacDonald - Downing-Frye Realty