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Bacino Vista 5126 Coronado Pky

16 Unit Apartment Building $17,718,375 CAD ($1,107,398 CAD/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 (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 $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 (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 $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
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 $17,718,375 CAD
Price Per Unit $1,107,398 CAD
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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
13-45-23-C2-37000.00CE
Land Assessment
$1,410,995 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$1,410,995 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023

zoning

Zoning Code Vacant Residential
Vacant Residential
  • Listing ID: 28193792

  • Date on Market: 2023-04-10

  • Last Updated:

  • Address: 5126 Coronado Pky, Cape Coral, FL 33904

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