1020 8th Terrace, CAPE CORAL, FL 33909
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  • MLS#: TB8428820 ( Residential Income )
  • Street Address: 1020 8th Terrace
  • Viewed: 14
  • Price: $699,900
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1983
  • Bldg sqft: 0
  • Bedrooms: 8
  • Total Baths: 4
  • Days On Market: 45
  • Additional Information
  • Geolocation: 26.6675 / -81.9522
  • County: LEE
  • City: CAPE CORAL
  • Zipcode: 33909
  • Subdivision: Cape Coral
  • Provided by: GENSTONE REALTY
  • Contact: Nick Kozlar
  • 833-396-0092
  • mfrmls
  • DMCA Notice
  • 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 Corals 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 Floridas fastest growing markets.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Lighting, Other, Private Mailbox
  • Living Area: 3400.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electricity, Water
Other Features
  • Country: US
  • Interior Features: Ceiling Fans(s), Living Room/Dining Room Combo
  • Legal Description: CAPE CORAL UNIT 31 BLK 2015 PB 14 PG 154 LOTS 9 10 + 11
  • Area Major: 33909 - Cape Coral
  • Occupant Type: Tenant
  • Parcel Number: 06-44-24-C4-02015.0090
  • Possession: Close Of Escrow
  • Views: 14
  • Zoning Code: CORR
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