I have been interested in Duplex homes and have seen a few in Cape Coral, but I am not from that area and dont know the market. Anyone that knows this area well that can advice... is it a good area to invest or what are the rental prices? I have also heard allot about the assesments in Cape Coral so looking to know more about that too.
Thanks in Advance!!
There are currently 60 duplexes listed on the MLS in Cape Coral at this moment, ranging from $215K to $600K. The difficulty is finding the ones that will provide adequate cash flow, and then being ready to pull the trigger quickly, preferably with cash. The median days on market is 27 so there's a lot of competition out there for the choice properties. Often the current rents aren't in line with the asking prices. I'm a proponent of finding properties with vacant units that can be cleaned up and then select good tenants who will pay market rents.
If you're interested, shoot me a PM and I can share some information I created related to the Cape Coral Utility Extension Project and resulting assessments.