430 SW 47th TER Cape Coral, FL 33914
UPDATED:
10/18/2024 06:03 PM
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Cape Coral
MLS Listing ID 224056208
HOA Y/N No
Annual Tax Amount $64,308
Tax Year 2023
Lot Size 0.688 Acres
Acres 0.688
Lot Dimensions Appraiser
Property Description
The 39 workforce housing units are designed with modern, efficient layouts to meet the needs of the local workforce. The 8,300 sq. ft. of commercial space is positioned to accommodate various business uses under CP zoning, providing flexibility and income potential through long-term leases.
Located in the bustling South Cape Coral area, this parcel offers convenient access to public transportation, major highways, schools, parks, restaurants, and healthcare facilities. Its strategic location ensures residents a high quality of life and access to local amenities.
This investment offers strong potential due to the high demand for workforce housing, ensuring a stable rental market. The commercial space provides opportunities for long-term leases and additional revenue streams. Investing in this property also contributes to the local community by providing much-needed affordable housing and supporting local businesses. The growth potential is significant, with property values expected to rise as the area develops.
Please note that this deed-restricted property under the Live Local Bill requires 40% of the units to be rented to individuals earning less than 120% of the Area Median Income (AMI). As of April 2024, the AMI in Cape Coral is $88,800.
Seller financing is available.
Location
State FL
County Lee
Community Cape Coral
Area Cc21 - Cape Coral Unit 3, 30, 44, 6
Rooms
Bedroom Description NaN
Interior
Fireplace No
Exterior
Community Features Non- Gated
Utilities Available Electricity Available, Sewer Available, Trash Collection, Water Available
Amenities Available None
Waterfront No
Waterfront Description None
View Y/N Yes
Water Access Desc Assessment Paid
View City
Present Use Commercial,Multi-Family,Mixed Use
Garage No
Building
Lot Description Multiple lots, Oversized Lot, See Remarks
Faces Southwest
Sewer Assessment Paid
Water Assessment Paid
Others
HOA Fee Include None
Senior Community No
Tax ID 11-45-23-C4-01700.0390
Acceptable Financing All Financing Considered, Cash, 1031 Exchange, Owner May Carry
Listing Terms All Financing Considered, Cash, 1031 Exchange, Owner May Carry
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