Homes for sale - 406/408 SW 2nd TER, Cape Coral, FL 33991

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Rebecca Troyer

rebecca@bonitaflproperties.com +1(239) 272-2626

$ 370,000

Est. payment | -/mo

4 Beds

4 Baths

10,018 Sqft Lot

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$ 370,000

Est. payment | -/mo

Save

4 Beds

4 Baths

10,018 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Subdivision Cape Coral

MLS Listing ID 225060164

Bedrooms 4

Full Baths 4

HOA Y/N No

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

Pets Allowed No Approval Needed

Listed by VIP Realty Group Inc • Jose Carreras