7573 23rd Terrace
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 7, 2026 | Sold | ||
| Sold | |||
| Sep 11, 2026 | In contract | - | |
| In contract | |||
| Sep 4, 2026 | Listed by KW Florida Living | $63,900 | |
| Listed by KW Florida Living | |||
| Feb 14, 2025 | Listed by Keller Williams Realty Fort Myers and the Islands | $95,000 | |
| Listed by Keller Williams Realty Fort Myers and the Islands | |||
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Nestled in the tranquil countryside of LaBelle, this expansive 1.25-acre lot offers an exceptional opportunity to build your dream home in a peaceful, private setting. Unlike many other vacant parcels in the area, this property is already cleared and prepped for development, saving valuable time and effort. A well is already installed, providing a crucial head start for future construction. Additionally, a culvert is in place, ditches have been dug out for proper drainage, and underground piping has been laid for electricity—features that add significant value and convenience compared to undeveloped lots.
Located on a quiet private street, this property offers seclusion while remaining just a short drive from Fort Myers and Lehigh Acres for easy access to shopping, dining, and essential services. Surrounded by mature trees and natural beauty, it provides the perfect blend of privacy and accessibility. Whether you're looking to build your dream home, a private retreat, or an investment property, this lot is a rare find with crucial improvements already in place. Don't miss this incredible opportunity to secure a prime piece of land ready for your vision.
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| Mar 25, 2024 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017