$370,000

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406/408 Sw 2Nd Terrace Cape Coral, FL, United States 33991

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!

Amenities

  • Bedrooms: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 0
  • Property Type: Residential Multi Family
  • Architectural Style: Other
  • Year Built: 1984
  • Built in 1984
  • Home size: 0 ft2 / 0.00 m2
  • MLS: 225060164
  • Status: Active
Copyright © 2025 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Property brokered by

VIP Realty Group, Inc.

(239) 489-1100

Get more listing details on brokerage site

Presented by Jose Carreras

  • (239) 489-1100
  • (239) 489-1100 (Office Phone)

Contact Jose Carreras

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