1631 Northeast 16th Terrace

Cape Coral, FL 33909

$85,000
Price
— / —
Lot Size / Acres

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.
  1. Listed by Karla Kuncz • Home Wiz USA

Property Details for 1631 Northeast 16th Terrace

Subdivision
CAPE CORAL
Waterfront
No
Area
5940 Florida Other
Geographic Area
Other Geographic Area (Out Of Area Only)
Auction
No

Location

Listing Courtesy of Home Wiz USA, Karla Kuncz
Add your commute
LISTING UPDATED: 02/29/2024 06:00 AM

Property Details for 1631 Northeast 16th Terrace

StatusActive
MLS #A11541611
Days on Market66
Taxes$771 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeResidential Land/Boat Docks / Other
Year Built-
Lot Size-
CountyLee County

Location

Listing Courtesy of Home Wiz USA, Karla Kuncz
Add your commute

Payment Calculator

$528 per month

30 year fixed, 7.25% Interest

Principal and Interest

$464

Property Taxes

$64

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1631 Northeast 16th Terrace

Location Information
Location Information
  • Parcel Number Free Text: 324324C4022070430
  • Parcel Number MLX: 1631
  • MLS Area: 5940 Florida Other
  • Township Range: 43
  • Section: 32
  • Subdivision Complex Bldg: CAPE CORAL
  • Zoning Information: Zoning: RML
General Information
General Information
  • Style of Property: Zoned Multifamily
  • Usage Description: Other Usage
Additional Property Information
Additional Property Information
  • Guest Accommodations: No
  • Miscellaneous Improvements: No Misc/Improvements, Other
Financial Information
Financial Information
  • Tax Year: 2023

Property History for 1631 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 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
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.

Similar Homes

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1631 Northeast 16th Terrace is a nullac of land for sale in Cape Coral, FL 33909. This property was listed for sale on February 28, 2024 by Home Wiz USA, it's currently listed at $85,000. It has been on the market for a total of 66 days and was last sold on October 14, 2016. This listing's school district is Lee. Nearby schools include Dr Carrie D Robinson Littleton Elementary School, Tropic Isles Elementary School and Caloosa Elementary School. 1631 Northeast 16th Terrace is a 0-bed, 0-bath, nullac of land.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Home Wiz USA, Karla Kuncz

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