Matlacha on Shoreview | 12200 Shoreview Dr
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Matlacha on Shoreview 12200 Shoreview Dr
13 Unit Apartment Building $5,625,600 CAD ($432,738 CAD/Unit) 8.43% Cap Rate Matlacha, FL 33993
Investment Highlights
- More than $1,100,000 in recent capital improvements
- Exceptional amenities package including boat dock slips, a swimming pool, Wi-Fi, dishwashers and laundry facilities
- $111,745 Average Household income within a two-mile radius
- Roof replaced in 2021
- Concrete block construction
- Publix, 7-Eleven, McDonald’s, AutoZone, Walgreens and multiple restaurants within a two-miles radius
Executive Summary
Value-add opportunity: 13-unit short-term rental property in Matlacha, FL (Cape Coral, FL MSA). Recent renovations include wood-look vinyl plank flooring, granite countertops, stainless steel appliances, cabinets, all new furniture, Tiki Hut (2023) and screened porches (2024)
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,625,600 CAD | Apartment Style | Low Rise |
| Price Per Unit | $432,738 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.39 AC |
| Cap Rate | 8.43% | Building Size | 7,955 SF |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1958/2025 |
| Property Subtype | Apartment | Parking Ratio | 1.51/1,000 SF |
| Price | $5,625,600 CAD |
| Price Per Unit | $432,738 CAD |
| Sale Type | Investment |
| Cap Rate | 8.43% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 7,955 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2025 |
| Parking Ratio | 1.51/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Microwave
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Range
- Tub/Shower
- Views
- Yard
- Grill
- Coffee System
- Deck
- Dock
- Lawn
- Patio
- Smoke Free
- Wheelchair Accessible (Rooms)
- Window Coverings
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Spa
- Waterfront
- Video Patrol
- Cabana
- Furnished Units Available
- Grill
- Smoke Free
- Trash Pickup - Curbside
- Wi-Fi
- Dock
- Community-Wide WiFi
- Maintenance on site
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PROPERTY TAXES
| Parcel Number | 13-44-22-01-00001.0200 | Improvements Assessment | $425,003 CAD (2024) |
| Land Assessment | $524,868 CAD (2024) | Total Assessment | $957,694 CAD (2024) |
PROPERTY TAXES
Parcel Number
13-44-22-01-00001.0200
Land Assessment
$524,868 CAD (2024)
Improvements Assessment
$425,003 CAD (2024)
Total Assessment
$957,694 CAD (2024)
zoning
| Zoning Code | RM-2 (Multi Family with state licensing for Group Vacation Rental-condo.) |
| RM-2 (Multi Family with state licensing for Group Vacation Rental-condo.) |
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Matlacha on Shoreview | 12200 Shoreview Dr
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