Property Description:
This 1,925 sq ft CBS 3-bed, 2-bath home sits on an good sized 0.28-acre corner lot, in a well-established SE Cape Coral neighborhood near shopping, schools, and bridges. Built in 1992, the property features city water/sewer, a newer 2022 roof, and ample yard space for future enhancements such as a pool or expanded outdoor living area.
🛠️ Cosmetic Rehab – Major System Update Already Complete
Interior requires full cosmetic rehab including paint, flooring, kitchen and bath updates, fixtures, and trash removal. The newer roof (2022) significantly reduces major capex exposure. With a solid CBS structure and prime location, this property offers strong upside potential for investors seeking a value-add flip or long-term hold.
🔴 Recently Sold
· 2507 SE 8th Ave – 1,277 sq ft, 3/2, built 1988 → Sold $270K ($211/sq ft) – dated interior
· 2404 SE 8th Pl – 1,438 sq ft, 4/2, built 1996 → Sold $210K ($146/sq ft) – needs rehab
· 619 SE 26th Ter – 1,234 sq ft, 3/2, built 1999 → Sold $300K ($243/sq ft) – updated
· 504 Ruthven Pkwy W – 1,429 sq ft, 3/2, built 2003 → Listed $319,999 ($224/sq ft) – updated
· 1201 SE 23rd St – 1,356 sq ft, 3/2, built 1989 → Listed $319,900 ($236/sq ft) – updated
· 1011 SE 25th Ln – 1,695 sq ft, 3/2, built 2015 → Listed $349K ($206/sq ft) – modern build
· 2805 SE 8th Pl – 1,828 sq ft, 4/2, built 2022 → Pending $349K ($191/sq ft) – newer construction
This property is priced at just $229,000 ($119/sq ft) — significantly below the average comp range of $190–$243/sq ft. Based on recent sales:
As-is ARV ~$350,000–$375,000 (assuming updates to achieve ~$190–$195/sq ft minimum; higher for full modernized finish)