Listings
Cape Coral, FL 33991 107 SW 16th Terrace
$650,000
26 more
Presented By: Century 21 Selling Paradise
Beds • 8
Baths • 4
SQFT • 3,512
Home Details
Great investment opportunity with this 4PLEX in a prime Cape Coral location. This income-producing 4-unit multifamily property offers steady cash flow and immediate rental appeal. Each spacious 2-bedroom, 1-bath unit features a living and dining area, kitchen, tile flooring throughout, private lanai, and inside laundry hookups. Recent capital improvements include 4 new A/C Units (2021-2022), 4 new Water Heaters (2020, 2024, 2025, 2025), re-plumb, and a metal roof with third nail added in 2021.Two units have refreshed kitchens and bathrooms, adding modern appeal for tenants. No flood insurance required. A solid addition to any investor’s portfolio, offering turnkey income and long-term appreciation potential!
Presented By: Century 21 Selling Paradise
Interior Features for 107 SW 16th Terrace
Bedrooms
Total Bedrooms8
Bathrooms
Half Baths0
Total Baths4
Other Interior Features
Air Conditioning Y/NYes
FlooringTile, Vinyl
Heating Y/NYes
Window FeaturesSingle Hung
General for 107 SW 16th Terrace
Architectural StyleRanch, One Story
Association AmenitiesNone
CityCape Coral
Community FeaturesNon-Gated
Construction MaterialsBlock, Concrete, Stucco
CoolingCentral Air, Ceiling Fan(s), Electric
CountyLee
DirectionsFrom Santa Barbara Blvd: Turn left (West) onto SW 19th St; Turn right at the 1st cross street onto SW Santa Barbara Pl; Turn left onto SW 16th Terrace. Destination will be on the right.
DisclosuresOwner Is Listing Agent
Full Baths4
HOA Fee$
HOA Fee 2
HOA Fee 3
HeatingCentral, Electric
Land Lease Amount
Legal DescriptionCAPE CORAL UNIT 62 BLK 3082 PB 21 PG 38 LOTS 37 THRU 39
Lot Size UnitsAcres
MLS AreaCC23 - Cape Coral Unit 28, 29, 45, 62, 63, 66, 68
Net Operating Income
Number Of Units Total4
Operating Expense17404
Patio/Porch FeaturesPatio
Pets AllowedCall, Conditional
PossessionClose Of Escrow, Subject To Tenant Rights
PostalCityCape Coral
Property ConditionResale
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
RoofMetal
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count1
Structure TypeQuadruplex
Subdivision NameCAPE CORAL
Tax Annual Amount9573
Tax Lot37
Tax Year2025
Tenant PaysElectricity, Internet, Water
UtilitiesCable Available
Virtual TourClick here
Waterfront FeaturesNone
Year Built1985
Zoning DescriptionRML
Exterior for 107 SW 16th Terrace
Building Area Total3512
Covered Spaces
Exterior AmenitiesPatio
Lot Dimensions120 x 125 x 120 x 125
Lot FeaturesMultiple lots, Oversized Lot
Lot Size Acres0.344
Lot Size Area0.344
Lot Size SourceAppraiser
LotDimensionsSourceAppraiser
Private PoolNo
Road ResponsibilityPublic Maintained Road
Road Surface TypePaved
SpaNo
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
