About this home
Unique Cape Coral Investment Opportunity. This brand new 16-unit 2 story building offers an exceptional investment opportunity. Property has tons of upgrades: 2 story concrete block building with 16 units all 2 Bed/bath, tile flooring throughout, granite countertops, stainless steel appliances. Not in a flood zone, no HOA fees, close to shopping, schools and dining. Could be used as vacation rental or long term rentals. You can not build same building for this price, offered below current construction cost for quick sale. Great option for 1031 exchange.
Listing last checked: Listing updated:
Listed by Otis Jonuskis · Self Realty · MLS #2026043268
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Details at a glance
Building2 property facts
- Style
- Multi Family
- Year built
- 2026
Land & utilities1 property facts
- Lot size
- 1.033 acres
Financial3 property facts
- Annual taxes
- $7,169
- Assessment year
- 2025
- HOA fee
- $0 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $4,800,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$24,869 / monthAdjust
- Principal & interest
- $24,271
- Property tax
- $597
- Insurance
- Not entered
- HOA
- $0
Listing annual taxes: $7,169. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.
Partial estimate: add insurance to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 111 SW 16th Terrace
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Request a tour of 111 SW 16th Terrace and a Bean Group agent will help coordinate an available time with the listing side.
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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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