107 SW 16th Terrace, Cape Coral, FL 33991
- $600,000
- 8
- BD
- 4
- BA
- 3,512
- SqFt
- Sold Price
- $600,000
- List Price
- $650,000
- Status
- CLOSED
- Days on Market
- 120
- Closing Date
- Jun 02, 2026
- MLS#
- 2026001824
- Subtype
- Residential Income
- Style
- Ranch, One Story
- Architectural Style
- Ranch, One Story
- Year Built
- 1985
- Bedrooms
- 8
- Bathrooms
- 4
- Full Baths
- 4
- Living Area
- 3,512
- Acres
- 0.34
- Subdivision
- Cape Coral
- Neighborhood
- Cape Coral
- MLS Area Major
- CC23 - Cape Coral Unit 28,29,45,62,63,66,68
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!
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Additional Information
- Amenities
- None
- Exterior Features
- Patio
- Taxes
- $9,573
- Property Description
- Ranch, One Story
- Zoning
- RML
- Flooring
- Tile, Vinyl
- Heating
- Central, Electric
- Air Conditioning
- Central Air, Ceiling Fan(s), Electric
- Exterior Construction
- Block, Concrete, Stucco
- Stories
- 1
- Roof
- Metal
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Listing courtesy of Century 21 Selling Paradise. Contact:
Selling Office: .