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702-704 SE 8th Terrace
Cape Coral FL 33990 US

$550,000

Pending Listing ID 2026027632
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6 bed
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4.00 Bath (4 Full)
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Lot: 0.28 Acres
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Single Family Residence

$550,000

Pending Listing ID 2026027632
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702-704 SE 8th Terrace 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.

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Property Features

  • Facts
  • Lot Size: 0.28 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Single Family Residence
  • Features
  • Full Bathrooms: 4
  • Cooling System: Electric, Central Air, Ceiling Fan(s)
  • Floor Covering: Vinyl
  • Roof Type: Shingle
  • Heating Fuels: Central, Electric (Heating)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Single Family Residence
  • listprice: 550000
  • unparsedaddress: 702-704 SE 8th Terrace
  • postalcity: Cape Coral
  • stateorprovince: FL
  • country: US
  • postalcode: 33990
  • bathroomsfull: 4
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.28
  • lotsizeunits: Acres
  • lotsizearea: 0.28
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 26.636775
  • longitude: -81.96001
  • listagentfullname: Mari Ruiz Vallejo
  • listagentemail: mariana@gopanther.com
  • listagentkey: 3yd-FMSWFL-P3492088
  • listagentmlsid: P3492088
  • listagentpreferredphone: 2393305071
  • listagentofficephone: 2393305071
  • listofficekey: 3yd-FMSWFL-PO14160
  • listagentstatelicense: 249528262
  • listofficemlsid: PO14160
  • disclaimer: Copyright © 2026 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.
  • sourcesystemid: FMSWFL
  • yearbuilt: 2024
  • listingcontractdate: 2026-06-24
  • countyorparish: Lee
  • parcelnumber: 24-44-23-C2-01068.0290
  • cooling: Electric, Central Air, Ceiling Fan(s)
  • constructionmaterials: Block, Concrete, Stucco
  • flooring: Vinyl
  • heating: Central, Electric (Heating)
  • numberofunitstotal: 2
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • roof: Shingle
  • waterfrontyn: False
  • franchiseaffiliation: None
  • architecturalstyle: Ranch
  • rooms: Bedroom 6, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -81.96001, 26.636774
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Panther Management", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"mariana@gopanther.com", "ListBrokerageCity":"Fort Myers", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Panther Management", "ListBrokeragePhone":"239-699-1990", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"9160 Corporate Forum Pkwy, #350", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"9160 Corporate Forum Pkwy, #350 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"PO14160", "ListOfficeCity":"Fort Myers", "ListOfficeCountry":"US", "ListOfficeEmail":"compliance@gopanther.com", "ListOfficePostalCode":"33905", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Ranch - Cape Coral, FL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/704-SE-8th-Ter_Cape-Coral_FL_33990_M98220-29510?f=listhub&s=FMSWFL&m=2026027632&c=rexren", "MLSModificationTimestamp":"2026-06-26 13:21:37", "Neighborhoods":[{"Description":null, "Name":"CAPE CORAL"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":8249, "TaxDescription":"CAPE CORAL UNIT 24 BLK 1068 PB 14 PG 77 LOTS 29 + 30", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 6/26/2026 1:24:23 PM GMT
Source Updated Date: 6/26/2026 6:41:16 PM GMT

Courtesy of: Mari Ruiz Vallejo, Panther Realty LLC, mariana@gopanther.com

Copyright © 2026 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.