Need Help? Call us today at 860-997-2916

INVESTOR’S DREAM! $23,520 of guaranteed annual income on Day 1.

1302-1304 NE 16th Ter Cape Coral 33909 (MLS 2025010928)

Investment Income.

RARE FIND IN HIGH-DEMAND CAPE CORAL CORRIDOR. This solid income producer features spacious units, each with 2 Bedrooms + Den, 2 Baths, 1-Car Garage, vaulted ceilings, and tile flooring throughout. Tenants enjoy private screened porches, individual laundry, and 10×12 backyard concrete pads.

CAPITAL UPGRADES DONE: New Roof (2023), Unit 1302 updated with newer appliances/water heater. Unit 1304 features fresh interior paint and new water softener. CITY WATER AVAILABLE (CONNECTION REQUIRED). BUYER TO ASSUME ASSESSMENTS AND CONNECTION (Standard Box A).

Bedrooms BathroomsCar GarageSq Ft
4 + 2 den422,160

INCOME STATUS:

Unit 1: Occupied by reliable long-term tenant ($1,960/mo). Just re-signed! Reliable tenant locked in through Feb 28, 2027 at $1,960/month.

Tenant OccupiedMonthly RentContract ExpireSq Ft
1304 NE 16th Ter1,960Feb 20271,080

Unit 2: Freshly prepped and move-in ready. Perfect for an owner-occupant to “House Hack” (live here and let the neighbor pay the mortgage!) or for an investor to place a second tenant at market rate ($2,000+).

Check the Zillow tour : Click here


Sharma & Sharma Realty Inc
Nilesh Sharma (Broker)
860-997-2916 | ssrealtyofflorida@gmail.com
www.MyFloridaRealEstates.com

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