8 Beds
4 Baths
3,400 SqFt
8 Beds
4 Baths
3,400 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $214
Subdivision Cape Coral
MLS Listing ID TB8428820
Bedrooms 8
HOA Y/N No
Year Built 1983
Annual Tax Amount $9,246
Lot Size 0.350 Acres
Acres 0.35
Property Sub-Type Quadruplex
Source Stellar MLS
Property Description
The property sits in a prime location surrounded by steady rental demand. Residents benefit from close proximity to shopping, restaurants, schools, parks, and main commuter routes, making this a highly desirable area for tenants. With Cape Coral's rapid growth and strong rental market, this property presents an excellent opportunity for investors seeking both reliable income and long-term appreciation.
This quadplex generates consistent cash flow and offers significant upside potential through market rent increases. Multi-family properties of this size and condition are rare to find in the area, making 1020 NE 8th Terrace a smart addition to any investment portfolio. Whether you are expanding your holdings or searching for your first income-producing property, this offering checks all the boxes for a profitable, low-maintenance asset in one of Southwest Florida's fastest-growing markets.
Location
State FL
County Lee
Community Cape Coral
Area 33909 - Cape Coral
Zoning CORR
Interior
Interior Features Ceiling Fans(s), Living Room/Dining Room Combo
Heating Central, Electric
Cooling Central Air
Fireplace false
Laundry Inside
Exterior
Exterior Feature Lighting, Other, Private Mailbox
Utilities Available BB/HS Internet Available, Cable Connected, Electricity Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Block
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Other, VA Loan
Listing Terms Cash, Conventional, Other, VA Loan
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/TB8428820
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