Are you looking for a robust real estate market in which to invest? What about homes to live close to your loved ones? What if you could have both options with waterfront living, exciting community amenities, and more? Then you should look into Cape Coral multi-family homes for sale. But don’t just take our word for it. Learn more about the reasons your next real estate venture should be in Cape Coral.
Pros of Investing in Multi-Family Homes of Cape Coral
There are a lot of benefits to investing in multi-family homes in Cape Coral.
The city has been nicknamed Waterfront Wonderland as the nearly 400 miles of navigable canals allow for many residences to have fantastic waterfront views and access. Multi-family homes for sale in Cape Coral, FL, can be stunning and offer excellent opportunities for water lovers and boat enthusiasts alike.
Premier Rental Market
If you are looking for an opportunity to acquire a consistent form of passive income, you should consider looking into multi-family properties for sale in Cape Coral. As a part of one of the fastest-growing metro areas in the nation, there is a strong demand for both seasonal vacation rentals and residential rentals, as reflected in how quickly multi-family homes sell in the area.
Homes in Cape Coral have had an average annual appreciation rate of 11.43% in the last ten years. This gives the town a “track record of being one of the best long-term real estate investments in America through the last ten years,” according to the NeighborhoodScout Database. When looking into multi-family homes for sale in Cape Coral, FL, potential owners should also consider the tax benefits you could receive as a landlord, such as deductions for building maintenance.
Snowbird Side Hustle
The laidback lifestyle and lovely year-round weather of Cape Coral attract large numbers of winter residents, known as snowbirds. If you are looking to own a beach home to escape colder climates but still want to make some money on the side, multi-family homes for sale in Cape Coral, FL, could be the perfect fit for you.
Space For Loved Ones
Although the town is excellent for families of all ages, there are many reasons why people with more life experience love living in Cape Coral. Multi-family homes for sale here are great for families with members of higher age groups. Splitting a duplex with your loved ones is a fantastic way to live close to one another but still have your own designated space. You could also get a multi-family home with three or more units and rent out a couple of the units to other tenants, generating a passive income while enjoying life on the water.
Great Neighborhoods in Cape Coral with Multi-Family Homes
If you consider yourself a lover of nature, a lovely neighborhood to consider that has multi-family homes would be Coral Lakes. This is a gated community in the northeastern region of the town that offers residents private amenities, homes starting in the upper $300,000s, and is conveniently located across from Yellow Fever Creek Preserve.
The neighborhood of Sandoval offers multi-family homes near Veterans Parkway. Residents of this neighborhood have access to nearly two dozen lakes, walking trails, green spaces, and a library, among many other community amenities. This neighborhood is an excellent location for those who want to be near the restaurants and social areas that the city of Cape Coral offers.
The city is also planning on building many more areas with multi-family homes to meet the rising population’s demand. Soon, there will be even more real estate development offering multi-family homes for sale in Cape Coral, FL.
With the world-renowned real estate professionals of Coldwell Banker Realty, Alec Salameh is ready to provide you with unique and comprehensive services to help you establish your next real estate venture in Cape Coral. Contact us to learn how you can get started today.