507/509 SW 8th Place, Cape Coral, FL 33991
- $535,000
- 6
- BD
- 4
- BA
- 2,400
- SqFt
- Sold Price
- $535,000
- List Price
- $575,000
- Status
- CLOSED
- MLS#
- 2025003102
- Closing Date
- Sep 29, 2025
- Bedrooms
- 6
- Bathrooms
- 4
- Living Area
- 2,400
- Development
- Cape Coral
- Subdivision
- Cape Coral
Property Description
This well-maintained duplex, built in 2021, offers excellent rental income potential, estimated at around $52,800 per year with both units rented. It’s located in a growing and desirable neighborhood with easy access to Pine Island Road, shopping, dining, and everyday conveniences. One unit is currently tenant-occupied, generating immediate income of $2,200 per month from a great long-term tenant. The other unit was recently occupied by another long-term tenant who also paid $2,200 monthly, and it’s now ready for a new tenant or an owner-occupant, and is available for immediate occupancy making it easy to show. Washer and dryer are included in each unit. The property is not in a flood zone, so no flood insurance is required. Both units come equipped with manual hurricane shutters and automatic sprinklers. Inside, each unit features tile flooring throughout, a spacious kitchen with an island, a screened-in lanai, and a fully fenced backyard, perfect for privacy and outdoor enjoyment. Whether you're looking to expand your rental portfolio or live in one side while renting out the other, this duplex is a smart move in an up-and-coming area
Additional Information
- Taxes
- $9,302
- Building Design
- Duplex
- Year Built
- 2021
- Community Type
- Non-Gated
- Construction
- Block, Concrete, Stucco
- Living Area
- 2,400
- Acres
- 0.23
- Amenities
- None
- Cooling
- Central Air, Ceiling Fan(s), Electric
- Heating
- Central, Electric
- Flooring
- Tile
- Exterior Features
- Fence, Sprinkler/Irrigation
- Waterfront Description
- None
- Water
- Assessment Paid, Public
- Sewer
- Assessment Paid, Public Sewer
- Pets
- Yes
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Listing courtesy of EXP Realty, LLC. Selling Office: .