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

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Lauren Smith

laurensmithrealestate@gmail.com +1(630) 301-8044

$ 384,999

Est. payment | -/mo

4 Beds

4 Baths

1,708 SqFt

Save

$ 384,999

Est. payment | -/mo

Save

4 Beds

4 Baths

1,708 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,708 sqft

Price per Sqft $225

Subdivision Cape Coral

MLS Listing ID 225060164

Style Duplex

Bedrooms 4

Full Baths 4

Construction Status Resale

HOA Y/N No

Year Built 1984

Annual Tax Amount $3,687

Tax Year 2024

Lot Size 10,018 Sqft

Acres 0.23

Lot Dimensions Appraiser

Property Sub-Type Duplex

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 currently vacant and move-in ready, making it ideal for an owner-occupant or first-time homebuyer looking to offset their mortgage with rental income. The other side is occupied by long-term tenant. 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

Community Cape Coral

Area Cc23 - Cape Coral Unit 28, 29, 45, 62, 63, 66, 68

Rooms

Bedroom Description NaN

Interior

Heating Central, Electric

Cooling Central Air, Ceiling Fan(s), Electric

Flooring Laminate, Tile, Vinyl

Fireplace No

Window Features Single Hung,Sliding

Exterior

Exterior Feature Room For Pool

Community Features Non- Gated

Utilities Available Cable Available

Amenities Available None

Waterfront Description None

Water Access Desc Public

Roof Type Shingle

Garage No

Private Pool No

Building

Lot Description Rectangular Lot

Dwelling Type Duplex

Sewer Public Sewer

Water Public

Architectural Style Duplex

Structure Type Block,Concrete,Stucco

Construction Status Resale

Others

Pets Allowed Yes

Senior Community No

Tax ID 14-44-23-C1-01948.0550

Acceptable Financing All Financing Considered, Cash, FHA

Listing Terms All Financing Considered, Cash, FHA

Pets Allowed Yes

Listed by VIP Realty Group Inc • Jose Carreras

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(630) 301-8044

laurensmithrealestate@gmail.com

406/408 SW 2nd TER Cape Coral, FL 33991