1721 SE 21st Ter, Cape Coral, FL 33990 - Lee County

Looking for a 3-bed single family in Cape Coral that's already tenant-occupied and 1031 exchange ready? This income-producing home in the 4 Mile Cove area delivers key upgrades, a screened pool and spa, and a spacious oversized lot with tropical landscaping. Located at 1721 SE 21st Pl, this 3-bed, 2-bath home features 1,215 square feet of interior space and is move-in ready or continue leasing for steady returns. Built in 1990 and thoughtfully updated, it offers a new roof, gutters, lanai repairs, a pool motor, toilet, and water heater-all installed in 2022. In 2020, the entire interior was professionally repainted for a clean, modern feel. The fully enclosed pool and spa area offers privacy and year-round enjoyment. The property is beautifully framed by mature palms and fruit trees. A 2-car garage and 4-car driveway provide ample parking. Currently rented to reliable tenants who pay on time, this home is an ideal candidate for a 1031 exchange or long-term investment strategy. A transferable flood policy adds value and savings for the next owner. Priced at $315,000 and located in Cape Coral's desirable 4 Mile Cove area near parks, retail, and major routes, this property balances convenience, livability, and cash flow potential.