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1020 8th Terrace, CAPE CORAL, FL 33909
Priced at Only: $699,900
For more Information Call Mobile: 352.442.9523
Address: 1020 8th Terrace, CAPE CORAL, FL 33909
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  • MLS#: TB8428820 ( Residential Income )
  • Street Address: 1020 8th Terrace
  • Viewed: 9
  • Price: $699,900
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1983
  • Bldg sqft: 0
  • Bedrooms: 8
  • Total Baths: 4
  • Days On Market: 20
  • Additional Information
  • Geolocation: 26.6675 / -81.9522
  • County: LEE
  • City: CAPE CORAL
  • Zipcode: 33909
  • Subdivision: Cape Coral
  • Provided by: GENSTONE REALTY
  • 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.
Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Lighting
  2. Other
  3. Private Mailbox
Garage Spaces
  1. 0.00
Heating
  1. Central
  2. Electric
Insurance Expense
  1. 0.00
Interior Features
  1. Ceiling Fans(s)
  2. Living Room/Dining Room Combo
Legal Description
  1. CAPE CORAL UNIT 31 BLK 2015 PB 14 PG 154 LOTS 9 10 + 11
Living Area
  1. 3400.00
Area Major
  1. 33909 - Cape Coral
Net Operating Income
  1. 0.00
Occupant Type
  1. Tenant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 06-44-24-C4-02015.0090
Possession
  1. Close Of Escrow
Property Type
  1. Residential Income
Roof
  1. Shingle
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Tenant Pays
  1. Electricity
  2. Water
Township
  1. 44
Utilities
  1. BB/HS Internet Available
  2. Cable Connected
  3. Electricity Connected
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/TB8428820
Water Source
  1. Public
Year Built
  1. 1983
Zoning Code
  1. CORR
Headshot for Associate Joseph Treanor
  1. Joseph Treanor
  2. Tropic Shores Realty
  3. If I can't buy it, I'll sell it!
  4. Mobile: 352.442.9523
  5. 352.442.9523
  6. joe@jetsellsflorida.com
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