tomo logo

$475,000

Beds
4
Baths
4.0
sq ft
Unknown

1302-1304 NE 16th Ter, Cape Coral, FL 33909

1302-1304 NE 16th Ter

CAPE CORAL, FL 33909

  • 28 days on market
** Investor's dream! This centrally located duplex offers an incredible opportunity with reliable rental income. The very spacious apartments have vaulted ceilings and open-concept living, with tile flooring throughout. Each unit features two bedrooms plus a den, and a one-car garage and in-unit laundry. A screened porch and a convenient 10x12 concrete pad in the backyard provide a comfortable outdoor living space. ** Several capital expenditures in the recent past, including: A new roof was installed in 2023; All the kitchen appliances and the water heater were replaced recently inside unit 1302; A new water softener was installed for the property; Freshly painted inside, the property is well-maintained. ** Seller has made a partial payment towards water and sewer assessments in his 2024 property taxes. ** Located near Del Prado Blvd and Pine Island Road, it is perfectly situated close to restaurants, shopping centers, and many other services, while offering a quiet retreat away from busy streets. Don’t miss this excellent opportunity! ** Both units are rented and provide a steady monthly income. Tenants are reliable, pay on time, and wish to stay, making this a truly hassle-free and profitable investment. ** DO NOT GO ON PROPERTY WITHOUT AN APPOINTMENT, AND DO NOT DISTURB THE TENANTS.

Details

Property type

Duplex

Est. home value

$427,003

Lot size

0.255 acres

Price per sq ft

Unknown

Year built

2006

Annual property taxes

$9,890.83

Price History

03/04/2025
NABOR

NABOR #225022319

Listed
$475,000
-2.86%
02/18/2025
NABOR

NABOR #224077318

Removed
$489,000
01/28/2025
NABOR

NABOR #224077318

Price change
$489,000
-2%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Us Bank Na

Loan start date

May 2023

Original loan amount

$318,000

Est. remaining balance

$311,203

Interest rate

6.42%

Loan type

New Conventional, 30 year

Seller

Sanjay Gupta and Milli Gupta

Lender

Us Bank Na

Loan start date

May 2023

Original loan amount

$318,000

Est. remaining balance

$311,203

Interest rate

6.42%

Loan type

New Conventional, 30 year

Seller

Sanjay Gupta and Milli Gupta

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/02/2025 at 12:15 AM

Listing updated: 03/04/2025 at 9:20 PM

Listed by: George Traikos, Traikos Real Estate Phone #: (954) 815-1541

MLS: NABOR #225022319

NABOR logo

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