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  • Screenshot 2023-07-20 at 1.14.49 PM
  • Screenshot 2023-07-20 at 2.07.50 PM
601 SE 16th St, Cape Coral, FL 33990
601 SE 16th St, Cape Coral, FL 33990
SOLD! $424,990 - Single Family
2236 Sq Ft 4 Bedrooms 2 Bathrooms 2 Garages 1995 Year Built .27 Acre Lot

Additional Details

  • Ideal Investment Strategy: Rental/Resale
  • Potential ARV: $520,000-$530,000
  • Estimated Rehab: $5,000-$10,000
  • Comparable Rent: $3,300-$3,500
  • Estimated Short Term Annual Revenue (AIRDNA): $75,000
  • Construction: CBS
  • Occupancy: Call your Agent
  • Pool: Yes
  • Comp 1: 602 SE 15th Ter, Cape Coral, FL 33990 - 4/2 1,803 sqft SOLD $535,000 on 05/03/2023 (2023 build pool home, not on the canal, two car garage, new finishes, right next door to subject, and .27 acre lot)
  • Comp 2: 318 SE 18th Ter, Cape Coral, FL 33990 - 4/3 2,252 sqft SOLD $528,000 on 04/10/2023 (2004 build pool home, not on the canal, two car garage, clean finishes, and .27 acre lot)
  • Comp 3: 1525 SE 8th Pl, Cape Coral, FL 33990 - 3/3 2,188 sqft SOLD $540,000 on 12/02/2022 (2005 build pool home, not on the canal, two car garage, updated finishes, and .23 acre lot)
  • Comp 4: 149 SE 23rd St, Cape Coral, FL 33990 - 3/2 1,800 sqft SOLD $525,000 on 12/06/2022 (2007 build pool home, not on the canal, two car garage, clean finishes, and .23 acre lot)
  • Comp 5: 1217 Shelby Pkwy, Cape Coral, FL 33904 - 3/2 2,036 sqft PENDING $559,00 on 07/12/2023 (1988 build pool home, not on the canal, two car garage, updated finishes, and .54 acre lot)
  • Rehab Description: For a flip or rental this needs very minimal cosmetic updates. Optionally, the bathroom vanities could be updated and one of the bathrooms tub/shower. Roof has permits from 2019 and appears to be in excellent condition. Central A/C is in good working order. Finish off with some fresh interior paint and this is good to go!
  • Features: BEAUTIFUL, POOL HOME in Cape Coral! This move-in ready, four bedroom, two bathroom concrete block home features massive living area with 2,236 sqft, has an attached two car garage, in ground pool with lanai enclosure, fenced backyard, entertaining area, gorgeous updated driveway and sits on a nicely landscaped .27 acre corner lot. Do some light and minimal cleaning/updating and slap this back on the market for fast turnaround profits or make it a FANTASTIC short term rental/Air bnb! Act quickly, you can't find a flip opportunity like this at this price point with such minimal work. This home has beautiful curb appeal!
  • Important Details: --> Vacant at close!
  • Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab
Property Location