1302-1304 NE 16th TER, Cape Coral, FL 33909
1302-1304 NE 16th TER, Cape Coral, FL 33909
1302-1304 NE 16th TER, Cape Coral, FL 33909
1302-1304 NE 16th TER, Cape Coral, FL 33909
1302-1304 NE 16th TER, Cape Coral, FL 33909
1302-1304 NE 16th TER, Cape Coral, FL 33909
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$ 429,000
Est. payment | /mo

6 Beds

4 Baths

2,160 SqFt


Save
$ 429,000
Est. payment | /mo
Save

6 Beds

4 Baths

2,160 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,160 sqft

Price per Sqft $198

Subdivision Cape Coral

MLS Listing ID 2025010928

Style Resale Property

Bedrooms 6

Full Baths 4

Year Built 2006

Annual Tax Amount $9,890

Tax Year 2024

Lot Size 0.255 Acres

Acres 0.255

Property Sub-Type Duplex

Source Florida Gulf Coast

Property Description

Investor's Dream! This well-maintained duplex is a rare find, offering strong cash flow and long-term stability. Each spacious unit features 2 bedrooms + den, 2 baths, vaulted ceilings, open-concept living, tile flooring throughout, private laundry, and a 1-car garage. Tenants also enjoy screened porches and a 10x12 backyard concrete pad for outdoor living. Recent upgrades deliver peace of mind: new roof (2023), updated kitchen appliances and water heater in Unit 1302, new water softener, and fresh interior paint in Unit 1304. Perfectly located near Del Prado Blvd and Pine Island Road, residents benefit from quick access to restaurants, shopping, and services while still enjoying a quiet neighborhood setting.

ZERO ASSESSMENT DEBT - SELLER TO PAY OFF THE ENTIRE $38,000+ CITY UTILITY ASSESSMENT in FULL AT CLOSING. BUYER MOVES IN WITH A CLEAN SLATE. One unit is rented to reliable, long-term tenant through Feb 28, 2027 at $1,960/month. That is $23,520 of guaranteed annual income on Day 1.The other side is freshly prepped and move-in ready. Perfect for an owner-occupant to "House Hack" (live here and let the neighbor pay the mortgage!) or for an investor to place a second tenant at market rate ($2,000+). With both sides rented, potential gross income is ~$47,500/year. At this price, the returns are unbeatable. With dependable income and key capital expenditures already handled, this property is ready to perform from day one. Don't miss this exceptional opportunity to secure a profitable, low-maintenance duplex in the heart of Cape Coral!

Location

State FL

County Lee

Community No Subdivision, Non-Gated

Area Cape Coral

Zoning R3-D

Interior

Heating Central Electric

Flooring Tile

Fireplace No

Heat Source Central Electric

Exterior

Community Features Street Lights

Amenities Available Play Area, Streetlight

Waterfront Description None

Roof Type Shingle

Garage No

Private Pool No

Building

Lot Description Corner Lot, Regular

Water Assessment Unpaid, Softener, Well

Architectural Style Duplex

Structure Type Concrete Block,Stucco

New Construction No

Others

Pets Allowed Yes

Senior Community No

Tax ID 31-43-24-C3-02116.0010

SouthWest Florida Naples MLS (NABOR)
Listed by Sharma & Sharma Realty Inc • Nilesh Sharma

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1302-1304 NE 16th TER