UPDATE:  May 11, 2011  As homeowners continue to lose homes to foreclosure and short sale, there is a significant increase in renters naturally.  For the first time in Lee County history, the homeowner to renter ratio is nearing 3:2.  Due to lending restrictions against homeowners in recent default, rental property will continue to increase in demand and investors will continue to buy multi-family property for income.

UPDATE: May 11, 2011:

As the duplex demand is significant, the number of units for sale have depleted surprisingly fast.  Only 6 months ago, there were 148 duplexes for sale in Cape Coral.  Today, there are only 36 available.  Investors are buying as well as homeowners looking to subsidize by renting out the other side.  While most are familiar with buying duplexes in Lehigh Acres for $80,000 or so, Cape Coral has higher values due to location.  The average price of a duplex in Cape Coral today is $181,478.

There are currently only 2 Cape Coral duplexes for sale priced under $100,000.  These are older properties built in the 70′s but have good structural bones in good locations. 

There are only 11 duplexes for sale in Cape Coral priced from $100,000 to $150,000. 

There are 9 duplexes priced from $150,000 and up.  The highest priced duplex is in SW Cape Coral and listed for $469,000.  I don’t even need to look at it.  All I do know is that it is overpriced! 

If you are a real estate investor, second home buyer, or primary homebuyer, we have access to all of the duplexes for sale in the area as well as private offerings from our affiliate REO groups. 

Real Estate Investors targeting duplexes, Capitalization Rates are ranging from 7-10%, depending on your Net Operating Income.  Some duplexes command more rent but are higher priced.  The market for Cape Coral FL duplexes is trading for about an 8% Cap Rate.  Let us know what you are looking for and we will help you determine what a fair price for these homes are.  We can still do so and be aggressive with our negotiations. 

Cozza Investment Group, Inc is one of the most well established wholesalers and real estate agencies in the area.  Please contact Scott Allan for more information on Cape Coral duplexes for sale and how you can purchase a valuable investment property in today’s improving market.  Call Scott Allan at 877-688-7582 or simply e-mail me here.

For those keeping track, Lee County was recently ranked by Investor Magazine as the #1 recovering housing market in the country.  See article HERE.

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Cape Coral, adjacent to Ft. Myers, one of Florida’s biggest cities thrives with entertainment and retail and is also an area where you can pick up duplexes for deep discounts.  We have the resources to provide you distressed assets and if needed, we will introduce you to our preferred property manager who will occupy and manage your investment.

Most duplexes in Cape Coral range from $70,000 to $160,000, depending on age and location.  We recommend a 3-5 year holding strategy and for those with longer term holding preference, it could only get better.  The SW Florida market is at or very close to bottom.  Cash buyers are enjoying our services acquiring the right deal in the right spot.  Financing borrowers are welcome as well, however banks are less negotiable on financed deals as opposed to cash.  That’s just the fundamentals of real estate though.

Purchasing a duplex does not require HOA dues. As the owner, you and/or the Property Manager are responsible for your own hazard insurance, maintenance, etc.

Cape Coral as mentioned thrives with small business and larger anchor stores such as Wal-Mart, Target, Lowes, etc.  However you can also be in Ft. Myers in minutes or a few minutes further enjoying the beaches at Ft. Myers, Sanibel or Captiva Islands.  The time is now to buy multi family homes in Lee County, Florida.

Call us at (239) 872-5107 for additional information on purchasing Cape Coral duplexes for sale or e-mail us here.

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