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1302-1304 NE 16th Terrace, Cape Coral, FL 33909

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For Sale

$475,000

4 beds • 4 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • 11-20 Years Old
    Age

Explore this Property

** Investor's dream! This centrally located duplex offers an incredible opportunity with reliable rental income. The very spacious apartments have vaulted ceilings and open-concept living, with tile flooring throughout. Each unit features two bedrooms plus a den, and a one-car garage and in-unit laundry. A screened porch and a convenient 10x12 concrete pad in the backyard provide a comfortable outdoor living space. ** Several capital expenditures in the recent past, including: A new roof was installed in 2023; All the kitchen appliances and the water heater were replaced recently inside unit 1302; A new water softener was installed for the property; Freshly painted inside, the property is well-maintained. ** Seller has made a partial payment towards water and sewer assessments in his 2024 property taxes. ** Located near Del Prado Blvd and Pine Island Road, it is perfectly situated close to restaurants, shopping centers, and many other services, while offering a quiet retreat away from busy streets. Don't miss this excellent opportunity! ** Both units are rented and provide a steady monthly income. Tenants are reliable, pay on time, and wish to stay, making this a truly hassle-free and profitable investment. ** DO NOT GO ON PROPERTY WITHOUT AN APPOINTMENT, AND DO NOT DISTURB THE TENANTS.
MLS# 225022319

Courtesy Of Traikos Real Estate

(954) 815-1541

Property Features

  • Age
    11-20 Years Old
  • Amenities
    Ceiling Fan
  • Architecture Style
    Other
  • Cooling System
    Ceiling Fan(s)
  • Exterior Type
    Block
  • Floor Covering
    Tile
  • Lot Size
    0.25 Acres

Map and Directions

Directions to 1302-1304 NE 16th Terrace, Cape Coral, FL 33909

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CENTURY 21 Selling Paradise

(239) 542-5777
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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