NOT LISTED FOR SALE

2836 SE 16th Place Unit 1-4 Cape Coral, FL 33904

Caloosahatchee Neighborhood

Estimated Value: $673,389 - $693,000

8 Beds
8 Baths
3,200 Sq Ft
$213/Sq Ft Est. Value

Last Sold October 18, 2024

Last sale price $735,000 $230 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $4,187/month

52 Days on Market

Highlights

  • Jalousie or louvered window
  • Courtyard
  • Central Heating and Cooling System
  • Cape Elementary School Rated A-
  • Terrazzo Flooring
  • Ceiling Fan

About This Home

As of October 2024

FANTASTIC INVESTMENT OPPORTUNITY IN FLOOD ZONE X!! Introducing this multi family complex located in the heart of SE Cape Coral in a well groomed residential neighborhood with NO FLOOD ZONE. This building features 4 units all with 2 bedrooms and 2 baths. All units have front screened in lanais. All units are occupied at this time with annual leases. Featuring several updates but not limited too: NEW ROOF 2023! ASSESSMENTS IN AND PAID FOR!
Unit 1: Bathroom resurfaced 4/2024, Water heather replacement 1/2022
Unit 2: Water heater replacement 9/2023, Electrical panel replacement 12/2017
Unit 3: AC Replacement 2023, Bathroom resurfacing 4/2023
Unit 4: Water heater replacement 2018 All AC units are on a regular maintenance place. Each unit comes with individual storage area with washer/dryer hook ups. All units are metered separately for electric. One Water Meter for each side of duplex. Professional property management company in place.

Last Agent to Sell the Property

Laura Schuette

Sunshine Rentals & Property Ma License #252013141 Listed on: 08/27/2024

Last Buyer's Agent

Non-listing FGC MLS Non-Listing agent

FGC Non-MLS Office License #258029255

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,324

Year Built

  • Built in 1968

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 120 x 130 x 120 x 130
  • Rectangular Lot

Home Design

  • Duplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,200 Sq Ft Home
  • Ceiling Fan
  • Jalousie or louvered window

Flooring

  • Carpet
  • Laminate
  • Terrazzo

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Outdoor Features

  • Courtyard

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Legal Lot and Block 6 / 1185A
  • Assessor Parcel Number 32-44-24-C4-01185.A060

Community Details

Overview

  • 4 Units
  • Cape Coral Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $36,000
  • Net Operating Income $37,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,324

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.358
  • Lot Size: 120 x 130 x 120 x 130
  • Subdivision Name: CAPE CORAL
  • Directions: SE 16th Pl.
  • Architectural Style: Duplex
  • Structure Type: Quadruplex, Duplex
  • Year Built: 1968
  • Property Sub Type Additional: Duplex,Quadruplex
  • Pets No Pets Comments: ,,,
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Flooring: Carpet, Laminate, Other, Terrazzo
  • Window Features: Jalousie

Exterior Features

  • Lot Features: Rectangular Lot
  • Pool Private: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Courtyard
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid
  • Utilities: Cable Available
  • Water Source: Assessment Paid

Condo/Co-op/Association

  • Amenities: None
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 32-44-24-C4-01185.A060
  • Zoning Description: R3-D
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Number Of Units Total: 4
  • Property Net Operating Income: 37320.0
  • Annual Operating Expense: 36000.0

Tax Info

  • Tax Annual Amount: 6323.89
  • Tax Block: 1185A
  • Tax Lot: 6
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2024
Closed on
Oct 3, 2024
Sold by
Crawford-Scharschmidt Llc
Bought by
Cape Riviera Property Management Llc
Seller's Agent
Laura Schuette
Sunshine Rentals & Property Ma
Buyer's Agent
Non-listing FGC MLS Non-Listing agent
FGC Non-MLS Office
List Price
$775,000
Sold Price
$735,000
Premium/Discount to List
-$40,000
-5.16%
Views
7
Current Estimated Value
$682,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$52,903
Avg. Annual Appreciation
-7.00%
Original Mortgage
$514,500
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2005
Sold by
Scharschmidt Bruce F and Crawford Peggy S
Bought by
Crawford Scharschmidt Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Cape Riviera Property Management Llc $735,000 Nu World Title
Cape Riviera Property Management Llc $735,000 Nu World Title
Crawford Scharschmidt Llc $137,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cape Riviera Property Management Llc $514,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2024 10/18/24 Sold $735,000 -5.2% $230 / Sq Ft
10/18/2024 10/18/24 Pending -- -- --
08/27/2024 08/27/24 For Sale $775,000 -- $242 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,190 $465,615 $166,910 $289,585
2024 $6,324 $257,443 -- --
2023 $6,324 $234,039 $0 $0
2022 $6,187 $212,763 $0 $0
2021 $5,412 $259,613 $28,750 $230,863
2020 $5,112 $231,761 $25,300 $206,461
2019 $4,871 $234,982 $25,300 $209,682
2018 $4,635 $218,008 $25,300 $192,708
2017 $4,505 $221,249 $20,700 $200,549
2016 $4,048 $185,138 $20,700 $164,438
2015 $3,726 $164,294 $17,595 $146,699
2014 $2,864 $129,405 $26,795 $102,610
2013 -- $145,900 $14,000 $131,900
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2024

    Laura Schuette

    Sunshine Rentals & Property Ma

    (239) 541-5570

    2 in this area

    8 Total Sales

    Laura Schuette
    Section Image

  • N

    Buyer's Agent in 2024

    Non-listing FGC MLS Non-Listing agent

    FGC Non-MLS Office

See All Agents

Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 224070481

Florida Gulf Coast Multiple Listing Service

APN: 32-44-24-C4-01185.A060

Florida Lee County Cape Coral 33904 Caloosahatchee

2836 SE 16th Place Unit 1-4, Cape Coral, FL

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