1302-1304 Northeast 16th Terrace

Cape Coral, FL 33909

$524,999
Price
6
Beds
4
Baths
2,200 Sq. Ft.
$239 / Sq. Ft.
2,200
Sq. Ft.
$239
per Sq. Ft.

Description

Investor's dream! This centrally located duplex offers an incredible opportunity with reliable rental income. Each unit features 2 bedrooms plus a den, a one-car garage, tile flooring throughout, open-concept living, in-unit laundry, a screened porch, and a convenient 10x12 concrete slab in the backyard. Freshly painted inside, the property is well-maintained and thoughtfully upgraded with a new roof (2023), new dishwasher, oven, water softener, water heater, and regular pest control service. Situated...Investor's dream! This centrally located duplex offers an incredible opportunity with reliable rental income. Each unit features 2 bedrooms plus a den, a one-car garage, tile flooring throughout, open-concept living, in-unit laundry, a screened porch, and a convenient 10x12 concrete slab in the backyard. Freshly painted inside, the property is well-maintained and thoughtfully upgraded with a new roof (2023), new dishwasher, oven, water softener, water heater, and regular pest control service. Situated near Del Prado Blvd and Diplomat Avenue, it’s perfectly positioned close to restaurants, shopping centers, and more while offering a quiet retreat away from busy streets. Currently, one unit rents for $1,995/month and the other for $1,947/month, totaling $3,942 monthly income. Tenants are reliable, pay on time, and wish to stay, making this a truly hassle-free and profitable investment. Don’t miss this excellent opportunity!
  1. Listed by Laura Ariza • Starlink Realty, Inc

Property Details for 1302-1304 Northeast 16th Terrace

Development
CAPE CORAL
Building Design
Duplex
Community Type
Non-Gated
Waterfront
No
Waterfront Desc
None
Waterfront Desc
None
View
None/Other
LISTING UPDATED: 11/15/2024 07:21 PM

Property Details for 1302-1304 Northeast 16th Terrace

StatusActive
MLS #224077318
Days on Market47
Taxes$5,056 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2006
Lot Size0.25 AC / 11,107 SF
CountyLee County

Building Information for 1302-1304 Northeast 16th Terrace

Stories-Residences2Year Built2006Building Size-Lot Size0.25 AC / 11,107 SF

Property Information for 1302-1304 Northeast 16th Terrace

Summary
Location and General Information
  • City: Cape Coral
  • Directions: Coming from fort Mayers driving del Prado north, take a left on Diplomat, then right on NE 13th Ave, make a quick right on NE 16terr, duplex is on the right corner.
  • Human Modified: Yes
  • Latitude: 26.68
  • Longitude: -81.95
  • MLS Area Major: CC31 - Cape Coral Unit 17,31-36,
  • Pets: No Approval Needed
  • Postal Code: 33909
  • Road Surface Type: Paved
  • Street Direction Prefix: NE
  • Street Name: 16th
  • Street Number: 1302-1304
  • Street Suffix: TER
  • Block: 2116
  • Full Address: 1302-1304 NE 16th TER
Parking
  • Covered Spaces: .00
Taxes and HOA Information
  • Amenity Rec Fee: $.00
  • Application Fee: $.00
  • Association Fee Total Frequency: Annually
  • Association Fee 2: $.00
  • Tax Annual Amount: $5,055.58
  • Tax Year: 2023
  • Transfer Fee: $.00
  • Association Fee 3: $.00
Property
Lot Information
  • Development Name: CAPE CORAL
  • Parcel Number: 31-43-24-C3-02116.0010
  • Property Type: Residential Income
  • Section: 31
  • Lot Unit: 1
  • Source of Measure Lot Dimensions: Survey
  • Lot Desc: Rectangular Lot
  • Acres: 0.255
  • Lot Size Area: 0.255
  • Lot Size Dimensions: 65 x 104 x 90 x 125
  • Source of Measurements: Survey
  • Lot Size Units: Acres
  • Legal Desc: CAPE CORAL UNIT 32 BLK.2116 PB 16 PG 4 LOTS 1 + 2
Property and Assessments
  • Total Area: 2200.0
  • Possession: Close Of Escrow, Subject To Tenant Rights
  • Property Condition: Resale
  • Property Sub Type: Duplex
  • Township: 43
  • Range: 24E
  • Special Assessment: 0.00
  • Sub Condo Name: CAPE CORAL
  • Year Built Numeric: 2006
  • Property Sub Type Additional: Duplex
  • Zoning Code: R3-D
Lease Information
  • Land Lease Fee: $.00
  • Lease Amount Per Area Unit: Dollars Per Square Foot
  • One Time Land Lease Fee: $.00
  • One Time Mandatory Club Fee: $.00
  • One Time Othe Fee: $.00
  • One Time Special Assessment Fee: $.00
Utilities
  • Sewer: Assessment Unpaid, Septic
  • Utilities: Cable Available
  • Water Source: Assessment Unpaid
  • Water: Assessment Unpaid
Multi Family
Multi-Family Information
  • Gross Rental Income: $35,000.00
  • Annual Net Operating Income: $43,000.00
  • Annual Food And Beverage Minimum: 0.00
  • Number Of Units Total: 2
  • Annual Expenses: $8,000.00
  • Other Fee: $.00
  • Units in Building: 2
Unit 1 Information
  • Monthly Gross Income: $1,995.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Description: Great Room,Laundry in Residence,Screened Lanai/Porch,Ceiling Fan(s),Dishwasher,Entertainment System,Microwave,Range,Refrigerator,Washer
  • Furnished: Unfurnished
  • Garage Type: Yes
  • Unit Type Garage Spaces: 1.00
  • Unit Type Pro Forma: 1995
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Living Area: 1100.0
Unit 2 Information
  • Monthly Gross Income: $1,947.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Description: Great Room,Laundry in Residence,Screened Lanai/Porch,Auto Garage Door,Ceiling Fan(s),Dishwasher,Dryer,Microwave,Range,Refrigerator,Smoke Detector,Washer
  • Furnished: Unfurnished
  • Garage Type: Yes
  • Unit Type Garage Spaces: 1.00
  • Unit Type Pro Forma: 1947
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Living Area: 1100.0
Interior and Exterior Features
Exterior Features
  • Architectural Style: Duplex
  • Association Amenities: None
  • Canal Width: None
  • Community Features: Non Gated
  • Construction: Poured Concrete, Concrete Block
  • Exterior Features: None, Awnings
  • Exterior Features: None
  • Irrigation Source: None
  • Private Pool: No
  • Roof: Shingle
  • Structure Type: Duplex
  • Gulf Access: No
  • Spa: No
Interior Features
  • Baths Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 4.0
  • Beds Total: 6
  • Cooling: Central Air, Electric
  • Cooling: Yes
  • Elevator Text Details: None
  • Flooring: Tile
  • Heating: Central, Electric
  • Heating: Yes
Rental
Rental Information
  • One Time Rec Lease Fee: $.00

Property History for 1302-1304 Northeast 16th Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1302-1304 Northeast 16th Terrace

Taxable ValueLand-Additions-Total-
Tax Record2020$4,147 ($346 / month)
Home Facts
Total Finished SqFt2,160 SqFtAbove Grade Finished SqFt2,160 SqFtStories1Lot Size11,108 SqFtStyleMulti-Family Res (5+ Units)Year Built2006Year Renovated2006ZoningR3-DCountyLEEAPN314324C3021160010

Schools near 1302-1304 Northeast 16th Terrace

This home is within Lee.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 5
Rating
School
Distance
Tropic Isles Elementary School
PublicPK to 5

Hector A. Cafferata Jr Elementary School
PublicPK to 5

Diplomat Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1302-1304 Northeast 16th Terrace is a multi-family home for sale in Cape Coral, FL 33909. This property was listed for sale on October 2, 2024 by Starlink Realty, Inc, it's currently listed at $524,999. It has been on the market for a total of 47 days and was last sold on May 12, 2023. This listing's school district is Lee. Nearby schools include Dr Carrie D Robinson Littleton Elementary School, Tropic Isles Elementary School and Hector A. Cafferata Jr Elementary School. 1302-1304 Northeast 16th Terrace is a 6-bed, 4-bath, 2,200 sqft multi-family home built in 2006.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Starlink Realty, Inc, Laura Ariza

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