1302-1304 NE 16th Terrace $429,000

Investor’s Dream! This well-maintained duplex is a rare find, offering strong cash flow and long-term stability. Each spacious unit features 2 bedrooms + den, 2 baths, vaulted ceilings, open-concept living, tile flooring throughout, private laundry, and a 1-car garage. Tenants also enjoy screened porches and a 10x12 backyard concrete pad for outdoor living. Recent upgrades deliver peace of mind: new roof (2023), updated kitchen appliances and water heater in Unit 1302, new water softener, and fresh interior paint in Unit 1304. Perfectly located near Del Prado Blvd and Pine Island Road, residents benefit from quick access to restaurants, shopping, and services while still enjoying a quiet neighborhood setting. ZERO ASSESSMENT DEBT - SELLER TO PAY OFF THE ENTIRE $38,000+ CITY UTILITY ASSESSMENT in FULL AT CLOSING. BUYER MOVES IN WITH A CLEAN SLATE. One unit is rented to reliable, long-term tenant through Feb 28, 2027 at $1,960/month. That is $23,520 of guaranteed annual income on Day 1.The other side is 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+). With both sides rented, potential gross income is ~$47,500/year. At this price, the returns are unbeatable. With dependable income and key capital expenditures already handled, this property is ready to perform from day one. Don’t miss this exceptional opportunity to secure a profitable, low-maintenance duplex in the heart of Cape Coral!

---