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Great investment opportunity with this 4PLEX in a prime Cape $650,000

107 SW 16th Terrace, Cape Coral, FL 33991

8 br, 4.0 ba, 1985 0 sf
Lee County
Ad #: 7187349

Home Sale Pending near Cape Coral Area

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, screened 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!

Property Details

  • Beds: 8
  • Baths: 4.0
  • Year Built: 1985
  • Location: Cape Coral Area
  • Acres: 0.344
  • County: Lee County
  • Community: CAPE CORAL
  • Heat/AC: Electric (Heating), Central
  • Siding: Block, Concrete, Stucco
  • Roof: Metal
  • Stories: 1
  • Property Taxes: $9,573
  • MLS #: 2026001824

Location

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Contact Information:

Contact Agent
Listing Agent: Michelle Distefano, Century 21 Selling Paradise, 239-841-4274, 239-542-5777 Listing Site, Listing Status: Pending
Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ad Statistics:

Lake Home Sale Pending in Cape Coral, Florida
Ad Number : 7187349
Viewed: 12 times
Added: Jan 26, 2026
Updated on: Feb 04, 2026
All information provided is deemed reliable but is not guaranteed and should be independently verified.