Camelot Trace | 4920-5004 Chiquita Blvd S
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Camelot Trace 4920-5004 Chiquita Blvd S
24 Unit Apartment Building $4,500,000 ($187,500/Unit) 6.40% Cap Rate Cape Coral, FL 33914
Executive Summary
Excellent property located in desirable SW Cape Coral. Camelot Trace apartments consists of 2 buildings, each with 12 units. All 24 units are 2 bedroom, 2 bathroom. Each apartment has its own water meter, electric meter and central A/C. Buildings are all concrete block with new metal roof installed in 2017. Units in 4920 all have laundry rooms with hookups for full size washer and dryer. Units in 5004 all come with washer and dryer. Long term tenants and 100% average occupancy. Great location close to shopping and dining.
Property Facts
| Price | $4,500,000 | Apartment Style | Low Rise |
| Price Per Unit | $187,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.38 AC |
| Cap Rate | 6.40% | Building Size | 25,200 SF |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1987 |
| Property Subtype | Apartment | Parking Ratio | 1.83/1,000 SF |
| Price | $4,500,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Cap Rate | 6.40% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.38 AC |
| Building Size | 25,200 SF |
| No. Stories | 2 |
| Year Built | 1987 |
| Parking Ratio | 1.83/1,000 SF |
Unit Amenities
- Dishwasher
- Disposal
- Washer/Dryer
- Refrigerator
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 24 | - | 1,000 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,062,809 | |
| Land Assessment | $240,000 | Total Assessment | $2,513,270 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$240,000
Improvements Assessment
$2,062,809
Total Assessment
$2,513,270
zoning
| Zoning Code | R3-D |
| R3-D |
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Nolan Zastrow Inc
Camelot Trace | 4920-5004 Chiquita Blvd S
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