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1224 NE 16th Terrace

Cape Coral, FL 33909
  • $329,900
  • STATUS: Pending
  • ON SITE: 59 Days
  • MLS #: 221061478
Pending
UPDATED: 78 min ago
$329,900
  • 4
    BEDS
  • 0.42
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1987
County:
Lee

School Ratings & Info

Description

A wonderful investment opportunity for instant income with the current leases in place, or when the leases end, live on one side and rent out the other. This would also make a great two-family home as well. The two units consist of a 2-bed, 2-bath, 1-car garage unit on the Eastern side and a 2-bed, 1-bath, 1-car garage unit on the Western side. The Eastern unit (2/2) features tile throughout with a great room floor plan and feels large and spacious due to the vaulted ceilings in the living room and master bedroom. It also features an eat-in kitchen, a separate dining room that is currently being used as an art studio, an indoor laundry room, and a screened-in under-truss lanai. The Western unit (2/1) features tile throughout except for one of the bedrooms, an indoor laundry closet, and an oversized kitchen with plenty of cabinet space for all of your cookware. The unit also features a screened-in under-truss lanai with a fenced-in yard. Close to Diplomat Elementary and Middle schools, child care, and a short drive to grocery stores and shopping. Please call to schedule your appointment. Future potential rent $1200-$1400 per side. No inspection completed while under contract.

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© 2021 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Wentworth Realty Group. Data last updated 2021-10-24T09:29:42.503.
www.wentworthrealty.com/homes/120803148
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1224 NE 16th Terrace Cape Coral, FL 33909

  • Price: $329,900
  • Status: Pending
  • Updated: 78 min ago
  • MLS #: 221061478
4
Beds
3
Baths
0
½ Baths
0.42
Acres
1987
Built
Neighborhood:
Cape Coral
County:
Lee
Area:
Cc31 - Cape Coral Unit 17,31-36
Property Description
A wonderful investment opportunity for instant income with the current leases in place, or when the leases end, live on one side and rent out the other. This would also make a great two-family home as well. The two units consist of a 2-bed, 2-bath, 1-car garage unit on the Eastern side and a 2-bed, 1-bath, 1-car garage unit on the Western side. The Eastern unit (2/2) features tile throughout with a great room floor plan and feels large and spacious due to the vaulted ceilings in the living room and master bedroom. It also features an eat-in kitchen, a separate dining room that is currently being used as an art studio, an indoor laundry room, and a screened-in under-truss lanai. The Western unit (2/1) features tile throughout except for one of the bedrooms, an indoor laundry closet, and an oversized kitchen with plenty of cabinet space for all of your cookware. The unit also features a screened-in under-truss lanai with a fenced-in yard. Close to Diplomat Elementary and Middle schools, child care, and a short drive to grocery stores and shopping. Please call to schedule your appointment. Future potential rent $1200-$1400 per side. No inspection completed while under contract.
Exterior Features

Architectural Style Duplex Construction Materials BlockConcreteStuccoWood Siding Covered Spaces 0 Exterior Features FenceRoom For Pool Irrigation Source Extra CostNoneWell Lot Features Corner LotMultiple LotsOversized Lot Lot Size Dimensions 112 X 111 X 139 X 135 Road Surface Type Paved Roof Shingle Structure Type Duplex Waterfront Features None Waterfront YN No

Interior Features

Cooling Central AirElectric Flooring CarpetSee RemarksTile Heating CentralElectric Window Features Single HungSliding

Property Features

Association Amenities None Community Features Non-Gated Development Name CAPE CORAL Gross Scheduled Income 22200 Gulf Access YN 0 Hoa Fee 0 Land Lease Amount 0 Listing Terms All Financing ConsideredCash Master Hoa Fee 0 Net Operating Income 15362 Operating Expense 6838 Pets Allowed Yes Pool Private YN No Potential Short Sale YN N Property Condition Resale Property Sub Type Duplex Restrictions Road Responsibility Public Maintained Road Sewer Assessment UnpaidSeptic Tank Spa YN No Tax Annual Amount 3838 Tax Block 2111 Tax Lot 35 Tax Year 2020 Tenant Pays Cable TvElectricityInternet Water Source Assessment UnpaidWell Zoning Description R3-D

Listing courtesy of Ben Puglisi of Sunshine Relocation Realty Inc.


© 2021 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from FGCMLS. Data deemed reliable but not guaranteed.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Wentworth Realty Group. Data last updated 2021-10-24T09:29:42.503.
 
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