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

$425,000
4
BD
4
BA
2,160
SqFt

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List Price
$425,000
Listing Price
$425,000
Days on Market
29
MLS#
2026025741
Development
Cape Coral
Building Design
Duplex
County
Lee
Region
CC31 - Cape Coral Unit 17,31-36,
Development
Cape Coral
Subdivision
Cape Coral
Year Built
2006

Property Description

This well-maintained duplex presents a rare opportunity for immediate cash flow and long-term stability in the heart of Cape Coral. Each spacious unit offers 2 bedrooms plus a den, 2 full baths, vaulted ceilings, open-concept living, tile flooring throughout, private laundry, and a 1-car garage. Residents also enjoy screened porches and a private 10x12 concrete patio for outdoor living. Recent capital improvements provide added peace of mind, including a new roof in 2023, updated kitchen appliances and water heater in Unit 1302, a new water softener, and fresh interior paint in Unit 1304. Ideally located near Del Prado Blvd and Pine Island Road, this property offers convenient access to shopping, dining, and everyday essentials while maintaining a quiet neighborhood feel. One side is already leased to a reliable long-term tenant through February 28, 2027, generating $1,960 per month ($23,520 annually) in immediate income from day one. The second unit is freshly updated, and move-in ready—ideal for an owner-occupant looking to offset expenses (“house hack”) or for an investor to lease at current market rents of $2,000+ per month. With both units occupied, projected gross annual income approaches $47,500, creating an exceptional income-producing opportunity with major expenses already addressed. Whether you’re expanding your portfolio or entering the investment market, this low-maintenance duplex is positioned to perform from day one. Don’t miss the chance to secure a high-demand, income-producing property in one of Cape Coral’s most convenient locations.

Additional Information

Units
2
Bathrooms
4
Approximate Living Area
2,160
Building Description
1 Story/Ranch
Lot Size
0.255
Construction
Block, Concrete, Stucco
Amenities
None
Exterior Features
Patio, Room For Pool
Water
Assessment Unpaid
Sewer
Assessment Unpaid
Cooling
Central Air, Ceiling Fan(s), Electric
Waterfront Description
None
Community Type
Non-Gated

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Calculator source: Real Geeks

Listing courtesy of Premier Sotheby's Int'l Realty.