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2854 Cape LaCroix Road

Cape Girardeau, MO 63701
$245,000
Photo of 2854 Cape LaCroix Road Cape Girardeau MO 63701

Details

Want to build apartment buildings? Here is your spot! 1.6 acre lot on the corner of Boutin and Cape LaCroix Road. Zoned R-4 Medium Density Multifamily. With tree lined privacy on the backside, road frontage on both Cape LaCroix Road and Boutin and enough space for required parking spots. Great location right on the edge of town but still in city limits for city utilities. Sellers preliminary plans included 18 units on the property. Maximum density for the city on this size lot zoned at R-4 would be approximately 27 units allowed, along with other development requirements. See Associated Documents for more information and sketches. Potential to be rezoned for different usage with city approval.

Specs

Type Lot/Land
Lot Size 1.60 acres
Assoc Fee Paid None
Taxes Paid $7

Lots & Building Features

Assoc Fee Paid None
Sewer Public Sewer
Tax Year 2022
Water Public
Lot Dimensions 1.6 acres ft

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Financing

$
20%
0.0028571428571429%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Area

City Cape Girardeau
County Cape Girardeau
School District Cape Girardeau 63
Subdivision n/a

Schools

Elementary School Clippard Elem.
Junior High School Central Jr. High
Senior High School Central High
Raelenna Ferguson, EPM Real Estate