1631 Northeast 16th Terrace
1631 Northeast 16th Terrace
$85,000
— / —
Description
Prime vacant land in Cape Coral with RML zoning, ideal for Residential Multi-Family use, offers a lucrative investment opportunity due to high demand for multifamily properties. The zoning allows for significant potential for builders and developers to establish multifamily rental units. The undeveloped land is an optimal foundation for your multifamily residential project, located in a high-demand area within a sought-after neighborhood. Utility connections are set to begin within two months, expected...Prime vacant land in Cape Coral with RML zoning, ideal for Residential Multi-Family use, offers a lucrative investment opportunity due to high demand for multifamily properties. The zoning allows for significant potential for builders and developers to establish multifamily rental units. The undeveloped land is an optimal foundation for your multifamily residential project, located in a high-demand area within a sought-after neighborhood. Utility connections are set to begin within two months, expected to substantially increase lot values. Duplex lots in the area are already valued above $100,000.00. Seize this opportunity in a rapidly growing market.
- Listed by Karla Kuncz • Home Wiz USA
Property Details for 1631 Northeast 16th Terrace
Subdivision
CAPE CORAL
WaterfrontNo
Area5940 Florida Other
Geographic AreaOther Geographic Area (Out Of Area Only)
AuctionNo
Location
LISTING UPDATED: 02/29/2024 06:00 AM
Property Details for 1631 Northeast 16th Terrace
Status | Active |
---|---|
MLS # | A11541611 |
Days on Market | 66 |
Taxes | $771 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Residential Land/Boat Docks / Other |
Year Built | - |
Lot Size | - |
County | Lee County |
Location
Payment Calculator
$528 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1631 Northeast 16th Terrace
Property History for 1631 Northeast 16th Terrace
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1631 Northeast 16th Terrace
Taxable ValueLand$37,999Additions-Total$37,999
Tax Record2023$771 ($64 / month)
Home Facts
Beds0Lot Size10,000 SqFtStyleResidentialZoningR3-DCountyLEEAPN32-43-24-C4-02207.0430
Schools near 1631 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 |
---|---|---|
Dr Carrie D Robinson Littleton Elementary School PublicPK to 5 | ||
Tropic Isles Elementary School PublicPK to 5 | ||
Caloosa 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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