$699,900

$206/sq ft

$30,099
Price Decreased

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Overview

Bedroom

8

Year Built

1983

Sqft

3400

Property Type

Quadruplex

Property Description

Investor Opportunity! NO FLOOD ZONE! This well-maintained quadplex in NE Cape Coral features four spacious 2-bedroom, 1-bath units, each designed with a functional layout and comfortable living space. Every unit includes open living and dining areas, private entryways, and laundry hookups, creating an appealing setup for long-term tenants. Dedicated parking for residents adds convenience, and separate utility meters for each unit simplify management and reduce owner expenses. 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.

Property Details

MLS#

TB8428820

Address

1020 8TH NE

City

Cape Coral

State/county

FL

Zip/Postal Code

33909

Area

Cape Coral

Country

United States

HOA

No

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$9,246

Maint Fee

$--

Tax Year

2024

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Boris Gelfand