107 SW 16th Terrace, Cape Coral, FL 33991

$600,000
8
BD
4
BA
3,512
SqFt

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Sold Price
$600,000
List Price
$650,000
Listing Price
$650,000
Closing Date
Jun 02, 2026
Days on Market
120
MLS#
2026001824
Development
Cape Coral
Building Design
Quadraplex
County
Lee
Region
CC23 - Cape Coral Unit 28,29,45,62,63,66,68
Development
Cape Coral
Subdivision
Cape Coral
Year Built
1985

Property Description

Great investment opportunity with this 4PLEX in a prime Cape Coral location. This income-producing 4-unit multifamily property offers steady cash flow and immediate rental appeal. Each spacious 2-bedroom, 1-bath unit features a living and dining area, kitchen, tile flooring throughout, private lanai, and inside laundry hookups. Recent capital improvements include 4 new A/C Units (2021-2022), 4 new Water Heaters (2020, 2024, 2025, 2025), re-plumb, and a metal roof with third nail added in 2021.Two units have refreshed kitchens and bathrooms, adding modern appeal for tenants. No flood insurance required. A solid addition to any investor’s portfolio, offering turnkey income and long-term appreciation potential!

Additional Information

Units
4
Bathrooms
4
Approximate Living Area
3,512
Building Description
1 Story/Ranch
Lot Size
0.34400000000000003
Construction
Block, Concrete, Stucco
Amenities
None
Exterior Features
Patio
Water
Public
Sewer
Public Sewer
Cooling
Central Air, Ceiling Fan(s), Electric
Waterfront Description
None
Community Type
Non-Gated

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Century 21 Selling Paradise. Selling Office: .