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About This Home
This 8-bedroom, 4-bathroom single family at 107 SW 16th Terrace in Cape Coral, FL is listed for $650,000. Built in 1985, on a 0.34 acres lot.
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!
Key Features
- Built in 1985
- 0.34 acre lot
Property Details
Amenities
Monthly Cost Estimate
$3,476/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
107 SW 16th Terrace
Cape Coral, FL 33991
CAPE CORAL
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Pool Features
Heating
Cooling
Questions & Answers
This 8-bedroom, 4-bathroom single family at 107 SW 16th Terrace is listed at $650,000. The estimated monthly payment is $2,817 based on 20% down at 6.5% interest.
Key features include: Built in 1985, 0.34 acre lot. Exterior Features: Patio.
This property is listed by Michelle Distefano and can be reached at 2398414274 or Michelle2BuyandSell@gmail.com.