Bacino Vista | 5126 Coronado Pky
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Bacino Vista 5126 Coronado Pky
16 Unit Apartment Building $12,500,000 ($781,250/Unit) 6.73% Cap Rate Cape Coral, FL 33904
Investment Highlights
- New Waterfront Project
- Minutes from City Parks, Attractions, Cape Coral Yacht Club, Public Beach, Downtown Shops & Dining
- Gulf Access
- Located in the Heart of Cape Coral, FL
- Assigned Boat Slip
Executive Summary
Great VRBO property, 16 units with direct Gulf access and boat slips. Hurricane Ian has created a huge need for vacation rentals and hotels rooms. 2023 construction expected CO date April 2023. 3 story building, main floor parking (2 spaces per unit), each unit gets 6 X 8 storage locker building has elevator and community saltwater pool. All units are tiled throughout and also have stainless steel appliances, washer/dryer, granite countertops and 8 1/2 - 9ft ceilings.
Financial Summary (Pro forma - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $12,500,000 | Apartment Style | Low Rise |
| Price Per Unit | $781,250 | Building Class | A |
| Sale Type | Investment | Lot Size | 1.07 AC |
| Cap Rate | 6.73% | Building Size | 22,211 SF |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 1.53/1,000 SF |
| Price | $12,500,000 |
| Price Per Unit | $781,250 |
| Sale Type | Investment |
| Cap Rate | 6.73% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | A |
| Lot Size | 1.07 AC |
| Building Size | 22,211 SF |
| No. Stories | 3 |
| Year Built | 2023 |
| Parking Ratio | 1.53/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Ceiling Fans
- Double Vanities
- Granite Countertops
- Refrigerator
- Dock
- Double Pane Windows
- Pantry
Site Amenities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 16 | - | 1,544 - 1,866 |
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PROPERTY TAXES
| Parcel Number | 13-45-23-C2-37000.00CE | Total Assessment | $1,004,496 (2024) |
| Land Assessment | $1,004,496 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
13-45-23-C2-37000.00CE
Land Assessment
$1,004,496 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$1,004,496 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | Vacant Residential |
| Vacant Residential |
-
Paulette DuCharme Hansen -
Miloff Aubuchon Realty Group
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Bacino Vista | 5126 Coronado Pky
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