tomo logo

$524,999

Beds
6
Baths
4.0
sq ft
Unknown

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

1302-1304 NE 16th Ter

CAPE CORAL, FL 33909

  • 51 days on market
    • Price drop $34,001↓
Investor's dream! This centrally located duplex offers an incredible opportunity with reliable rental income. Each unit features 2 bedrooms plus a den, a one-car garage, tile flooring throughout, open-concept living, in-unit laundry, a screened porch, and a convenient 10x12 concrete slab in the backyard. Freshly painted inside, the property is well-maintained and thoughtfully upgraded with a new roof (2023), new dishwasher, oven, water softener, water heater, and regular pest control service. Situated near Del Prado Blvd and Diplomat Avenue, it’s perfectly positioned close to restaurants, shopping centers, and more while offering a quiet retreat away from busy streets. Currently, one unit rents for $1,995/month and the other for $1,947/month, totaling $3,942 monthly income. Tenants are reliable, pay on time, and wish to stay, making this a truly hassle-free and profitable investment. Don’t miss this excellent opportunity!

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

$5,055.58

Price History

11/16/2024
NABOR

NABOR #224077318

Price change
$524,999
-6.08%
10/02/2024
NABOR

NABOR #224074170

Removed
$559,000
10/02/2024
NABOR

NABOR #224077318

Listed
$559,000

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

$312,498

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

$312,498

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?

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Status: Active

Tomo last checked: 11/22/2024 at 5:20 AM

Listing updated: 11/15/2024 at 7:35 PM

Listed by: Laura Ariza, Starlink Realty, Inc Phone #: (239) 693-7263

MLS: NABOR #224077318

NABOR logo

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