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$699,900

Est. payment - /mo

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8 Beds

4 Baths

3,400 SqFt

Pending

1020 NE 8TH TER Cape Coral, FL 33909

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MAXIM LLC

maxim@maximrealtors.com +1(407) 288-0704

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 3,400 sqft

Price per Sqft $205

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

New Construction false

Property Description

Under contract-accepting backup offers. 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.

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

Listed by Nick Kozlar GENSTONE REALTY

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MAXIM LLC

+1(407) 288-0704

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1020 NE 8TH TER Cape Coral, FL 33909

MAXIM LLC

Key Details

Location

Interior

Exterior

Building

Others

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1020 NE 8TH TER