406/408 SW 2nd TER Active Save Request In-Person Tour Request Virtual Tour
Cape Coral,FL 33991
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Cape Coral
MLS Listing ID 225060164
Bedrooms 4
Full Baths 4
Year Built 1984
Annual Tax Amount $3,687
Tax Year 2024
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Duplex
Source Florida Gulf Coast
Property Description
Welcome to 406-408 SW 2nd Ter! Fantastic investment or house-hack opportunity in the heart of Cape Coral! This well-maintained, income-producing concrete block duplex features 4 beds and 4 baths total—each unit offering 2 beds, 2 baths, screened lanai, laundry, and separate water and electric meters. One side is move-in ready, making it ideal for an owner-occupant or first-time homebuyer looking to offset their mortgage with rental income. Interior highlights include laminate wood flooring on one side, durable 18” ceramic tile on the other and upgraded vanities throughout. Exterior highlights include ample parking, recently installed gutters (2022), manicured landscaping. manual shutters (2022) and exterior painting (2022). Located in an X flood zone (no lender-required flood insurance), this property is on city water and sewer, and is zoned CORR, offering long-term flexibility and potential for mixed-use or future redevelopment (currently grandfathered in for multi-family use, buyer to verify with city). Nestled just off the vibrant Pine Island Road corridor, you're minutes from Publix, Target, Sam's Club, restaurants, schools, Sun Splash Waterpark, Matlacha, and Veterans Pkwy for quick access to Fort Myers. Roof replaced in 2021; HVAC units approx. 2014–2016 per seller. Whether you're an investor expanding your portfolio or a buyer seeking both lifestyle and passive income, this property offers location, flexibility, and long-term value in one of Cape Coral's fastest-growing areas of the city. Schedule a showing today!
Location
State FL
County Lee
Area Cc23 - Cape Coral Unit 28,29,45,62,63,66,68
Zoning CORR
Direction GPS.
Interior
Heating Central Electric
Cooling Ceiling Fan(s),Central Electric
Flooring Laminate,Tile,Vinyl
Window Features Single Hung,Sliding
Exterior
Exterior Feature Room for Pool
Community Features None,Non-Gated
Utilities Available Cable Available
Waterfront Description None
Roof Type Shingle
Private Pool No
Building
Lot Description Regular
Faces GPS.
Sewer Central
Water Central
Structure Type Concrete Block,Stucco
New Construction No
Others
Tax ID 14-44-23-C1-01948.0550
Acceptable Financing Buyer Finance/Cash,FHA
Listing Terms Buyer Finance/Cash,FHA