$550,000
Off-Market Date: 06/26/2026702-704 SE 8th Terrace Cape Coral, FL 33990
Pending MLS# 2026027632
6 beds 4 baths Multi-family
Details for 702-704 SE 8th Terrace
MLS# 2026027632
Description for 702-704 SE 8th Terrace, Cape Coral, FL, 33990
Welcome to a fully leased, cash-flowing duplex on a desirable corner lot in Cape Coral, now offering a rare 3.75% interest rate buydown for qualified buyers. This turnkey property is generating over $1,000 in monthly cash flow with both sides occupied by quality tenants, delivering immediate returns with zero vacancy concerns. Built in 2024, each side offers 1,237 square feet of living space with 3 bedrooms, 2 full bathrooms, and an attached 1-car garage. The corner lot location provides enhanced curb appeal, extra yard space, and better natural light, making these units highly desirable to current and future tenants. With both sides already leased and generating strong cash flow, this property offers true passive income from day one. As newer construction, you'll benefit from minimal maintenance needs and years of reliable performance ahead. This is your opportunity to acquire a turnkey, cash-flowing investment with quality tenants in place and financing that makes the numbers work beautifully. Perfect for 1031 exchange buyers, portfolio builders, or first-time???????????????????????????????????????? investors.
Listing Information
Property Type: Residential, Duplex
Status: Pending
Bedrooms: 6
Bathrooms: 4
Lot Size: 0.28 Acres
Year Built: 2024
Stories: 1 Story
Construction: Block,Concrete,Stucco
Subdivision: Cape Coral
Number Of Units Total: 2
County: Lee
Days On Market: 2
Construction Status: Resale
Room Information
Bathrooms
Full Baths: 4
Interior Features
Flooring: Vinyl
Doors/Windows: Single Hung, Impact Glass
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Cable Available
Cooling: Electric, Ceiling Fan(s), Central Air
Heating: Central, Electric
Exterior / Lot Features
Roof: Shingle
Lot Dimensions: 113 x 125 x 105 x 104
Zoning: RML
Additional Exterior/Lot Features: Oversized Lot
Community Features
Community Features: Non-Gated
Driving Directions
From Daniels Pkwy, take US-41 N, turn left on Colonial Blvd, cross Midpoint Bridge (toll), continue on Veterans Memorial Pkwy (toll), turn right on Country Club Blvd, left on Nicholas Pkwy E, right on Cultural Park Blvd, left on SE 8th St.
Financial Considerations
Terms: All Financing Considered,Cash,FHA,VA Loan
Tenant Pays: Application Fee,Credit Check,Cable TV,Electricity,Grounds Care,Internet,Sewer,Water
Tax/Property ID: 24-44-23-C2-01068.0290
Tax Amount: 8249
Tax Year: 2025
A broker reciprocity listing courtesy: Panther Realty LLC
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Sales History & Tax Summary for 702-704 SE 8th Terrace
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 702-704 SE 8th Terrace
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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