Cape Coral, FL 33904

$3,500,000

1319 SE 40th Terrace

  • MLS# 223057746
  • 08/25/2023
  • Pre-Qualify
  • Schedule A Showing
  • Request Info
  • Beds • 16
  • Full/Half • 16/8
  • SQFT • 11,760
  • Garage • 1
  • Year Built • 2008

Home Details

Exceptional Investment Opportunity! Presenting a stunning multi-family property consisting of 8 spacious townhomes nestled along a serene gulf access waterfront canal. Enjoy the allure of waterfront living combined with the luxury of a private pool, wet slips, and great location hence making this property an irresistible gem. Each townhome boasts 2 bedrooms, 2 ½ baths providing residents with comfortable and modern living spaces and a 1 car garage. The picturesque waterfront location offers breathtaking views, tranquil moments, and a sense of exclusivity for residents. Whether you're an investor looking for strong cash flow or an owner-occupant seeking a dynamic living experience, this property delivers on both fronts. With a proven history of positive cash flow, it's a savvy investment opportunity that's hard to match. Easy access to restaurants, open water, and Fort Myers ensures that residents enjoy the best of both worlds—peaceful waterfront living and urban connectivity. Don't miss out on this rare chance to own a multi-family property. Schedule your viewing today and take the first step towards securing a unique and rewarding investment!
Presented By: Schooner Bay Realty, Inc.

General

SewerPublic Sewer
HeatingCentral, Electric
CoolingCentral Air, Electric
PossessionClose Of Escrow
RoofTile
Condo Fee0.00
Exterior FeaturesOther
HOA0
Architectural StyleTwo Story
Pool FeaturesCommunity
Construction MaterialsBlock, Concrete, Stucco
Pets AllowedYes
Year Built2008
Tenant PaysApplication Fee, Cable TV, Departure Cleaning, Electricity, Internet, Water
Stories2
LevelsTwo
Property SubTypeQuadruplex
Tax Year2022
Gross Income156850
Waterfront FeaturesCanal Access
Community FeaturesNon-Gated
CountyLee
Net Operating Income114128
Operating Expense42721
Property TypeResidential Income
Association AmenitiesPool, Boat Slip, Spa/Hot Tub
Subdivision NameCAPE CORAL
StatusActive
CityCAPE CORAL
Land Lease Amount0
Zoning DescriptionR3-W
NumberOfUnitsTotal8
MLS AreaCC12 - Cape Coral Unit 7-15
Lot Size UnitsAcres
Waterfront Y/NYes
Tax Annual Amount22772.26
Property ConditionResale
Days on Market181
Structure TypeQuadruplex
Standard StatusActive
Tax Lot27
Property Sub Type AdditionalQuadruplex
PostalCityCAPE CORAL
Legal DescriptionCAPE CORAL UNIT 7 BLK 312 PB 12 PG 123 LOTS 27 THRU 30
Condo Fee0

Interior

FlooringCarpet, Tile
Air Conditioning Y/NYes
Heating Y/NYes
Window FeaturesSingle Hung
Full Baths16
Half Baths8
Total Bedrooms16
Total Baths24

Exterior

Lot FeaturesOversized Lot
Water SourcePublic
Lot Size Area0.4591
Canal WidthCanal Width 81-120
SpaNo
Boat AccessCaptain's Walk, See Remarks
Building Area Total11760
Lot Dimensions160 x 125 x 160 x 125
Lot Size Acres0.4591
Lot Size SourceAppraiser
Covered Spaces0
Road ResponsibilityPublic Maintained Road
LotDimensionsSourceAppraiser

Additional Details

Schools

Middle School N/A
High School N/A
Elementary School N/A

Nina Paul

Certified Seniors Real Estate Specialist, Realtor
Price $3,500,000
MLS# 223057746
List Date 08/25/2023
Property Type Single Family
Pre-Qualify
Schedule A Showing
Request Info

Similar Properties