$650,000

107 SW 16th TER, Cape Coral, FL 33991

  • 8 beds |
  • 4 baths |
  • 3,512 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1985
  • Property Lot Size Icon0.34acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $185/sqft
  • Property List Date Icon Listed 3 months ago

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!

Listing Status:
Active
Date Added:
January 14, 2026
Data Last Updated:
May 8, 2026 at 12:09AM
Listing Office:
Century 21 Selling Paradise : (239) 542-5777
MLS ID:
2026001824
  • Flooring: TileVinyl
  • A/C: Ceiling Fan(s)Central Electric
  • Heating: Central Electric
  • Style: RanchQuadraplex
  • Roofing: Metal
  • General: Concrete BlockStuccoConcrete Block
  • Road/Access: Paved
  • HOA Amenities: None
  • Originating MLS: Florida Gulf Coast
  • County: Lee
  • Zoning: RML26-44-23-C2-03082.0370
  • Water: Central
  • Source: Florida Gulf Coast

This listing courtesy of Century 21 Selling Paradise

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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