Listings

Cape Coral, FL 33990 1242 SE 24th Avenue

$448,000

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Presented By: Marzucco Real Estate
  • MLS# 2026017612
  • 04/15/2026
  • Request Tour
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  • Beds • 6
  • Baths • 4

Home Details

$3600/month Income-Producing Duplex | Fully Leased | Assumable 3% Mortgage. Turn-key investment duplex in Cape Coral generating $3,600/month ($43,200 annually) with both units fully leased. Each side features 3 bedrooms and 2 bathrooms with separately metered utilities, keeping owner expenses low. Assumable mortgage available at 3% — a rare opportunity to acquire cash-flowing real estate with significantly reduced carry costs in today's rate environment. New roof installed in 2023. Tenants in place. No sign on property — do not disturb tenants. Contact for more information.
Presented By: Marzucco Real Estate

Interior Features for 1242 SE 24th Avenue

Bedrooms

Total Bedrooms6

Bathrooms

Total Baths4

Other Interior Features

Air Conditioning Y/NYes
FlooringTile
Heating Y/NYes
Window FeaturesSingle Hung

General for 1242 SE 24th Avenue

Architectural StyleRanch, One Story
Association AmenitiesNone
CityCape Coral
Community FeaturesNone
Construction MaterialsBlock, Concrete, Stucco
CoolingCentral Air, Electric
CountyLee
DisclosuresOwner Has Flood Insurance
Full Baths4
HOA Fee$
HOA Fee 2
HOA Fee 3
HeatingCentral, Electric
Land Lease Amount
Legal DescriptionCAPE CORAL UNIT 18 BLK.1402 PB 13 PG 102 LOTS 39 + 40 + VAC INST# 2008000115643
Lot Size UnitsAcres
MLS AreaCC14 - Cape Coral Unit 16, 18, 22-
Net Operating Income43200
Operating Expense6913
Pets AllowedYes
PossessionClose Of Escrow
PostalCityCape Coral
Property ConditionResale
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidential Income
RoofShingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count1
Structure TypeDuplex
Subdivision NameCAPE CORAL
Tax Annual Amount7201.95
Tax Lot39
Tax Year2025
Tenant PaysElectricity, Grounds Care, Internet, Sewer, Telephone, Water
UtilitiesCable Available
Virtual TourClick here
Waterfront FeaturesNone
Year Built2004
Zoning DescriptionRML

Exterior for 1242 SE 24th Avenue

Building Area Total
Covered Spaces
Exterior AmenitiesNone
Lot Dimensions80 x 140 x 80 x 140
Lot FeaturesRectangular Lot
Lot Size Acres0.254
Lot Size Area0.254
Lot Size SourceAppraiser
LotDimensionsSourceAppraiser
Private PoolNo
SpaNo
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Cindy Gonzalez

Price $448,000
MLS#2026017612
List Date 04/15/2026
Property Type Multi-Family
Phone 239.243.2743
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