NOT LISTED FOR SALE

1326 NE 16th Terrace Cape Coral, FL 33909

Diplomat Neighborhood
5 Beds
4 Baths
2,498 Sq Ft
10,019 Sq Ft Lot

Last Sold July 08, 2022

Last sale price $499,900 $200 Per Sq Ft

Highlights

  • Central Heating and Cooling System
  • Ceiling Fan
  • Vinyl Flooring
  • Cape Elementary School Rated A-
  • Rectangular Lot

About This Home

As of July 2022

CALLING ALL INVESTORS! This duplex has the opportunity for an 8% cap rate!!! Offering 2bedrooms + den, 2 bathrooms, 1 car garage & screened in lanais on both sides this is a great investment opportunity. Currently the units are ready for the new owner to select great tenants. Brand new vinyl flooring is ran throughout these units, freshly painted inside and out and tons of upgrades. This property is NOT IN A FLOOD ZONE, so no flood insurance is needed! Call today for your private showing.

Last Agent to Sell the Property

Erik Fine

Cornerstone Coastal Properties License #258016718 Listed on: 05/27/2022

Co-Listed By

Nicole Pistone

Cornerstone Coastal Properties License #258023882

Last Buyer's Agent

Terry Duffy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,922

Year Built

  • Built in 2006

Lot Details

  • 10,019 Sq Ft Lot
  • Rectangular Lot
  • Sprinkler System

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,498 Sq Ft Home
  • Ceiling Fan
  • Double Hung Windows
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank

Listing and Financial Details

  • Tenant pays for application fee, electricity, water treatment
  • Legal Lot and Block 13 / 2116
  • Assessor Parcel Number 31-43-24-C3-02116.0130

Community Details

Overview

  • 2 Units
  • Cape Coral Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $7,529
  • Net Operating Income $40,471

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,922

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Co List Office Mls Id: FCCP
  • Co List Office Phone: 239-989-0111
  • Subdivision Name: CAPE CORAL
  • Architectural Style: Duplex
  • Structure Type: Duplex
  • Year Built: 2006
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Private Spa: No
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Flooring: Vinyl
  • Window Features: Double Hung, Single Hung

Exterior Features

  • Lot Features: Rectangular Lot, Sprinklers Automatic
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Sprinkler/Irrigation
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: None
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 31-43-24-C3-02116.0130
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Application Fee, Electricity, Water Treatment

Multi Family

  • Number Of Units Total: 2
  • Property Net Operating Income: 40470.53
  • Annual Operating Expense: 7529.47

Tax Info

  • Tax Annual Amount: 4921.74
  • Tax Block: 2116
  • Tax Lot: 13
  • Tax Year: 2021

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2022 07/08/22 Sold $499,900 0.0% $200 / Sq Ft
06/30/2022 06/30/22 Pending -- -- --
05/27/2022 05/27/22 For Sale $499,900 -- $200 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Erik Fine

    Seller's Agent in 2022

    Erik Fine

    Cornerstone Coastal Properties

    (239) 898-5750

    12 in this area

    196 Total Sales

    Erik Fine
    Section Image

  • N

    Seller Co-Listing Agent in 2022

    Nicole Pistone

    Cornerstone Coastal Properties

    (239) 628-7439

    9 in this area

    99 Total Sales

    Nicole Pistone
    Section Image

  • T

    Buyer's Agent in 2022

    Terry Duffy

    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 222041043

Florida Gulf Coast Multiple Listing Service
Florida Lee County Cape Coral 33909 Diplomat

1326 NE 16th Terrace, Cape Coral, FL

This home is located at 1326 NE 16th Terrace, Cape Coral, FL 33909 since 27 May 2022. This property was built in 2006. 1326 NE 16th Terrace is a home located in Lee County with nearby schools including Dr. Carrie D. Robinson Littleton Elementary School, Caloosa Elementary School, and Tropic Isles Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Gulf Coast Multiple Listing Service The information is being provided by Southwest Florida Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service. All Rights Reserved

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