1319 Southeast 40th Terrace
1319 Southeast 40th Terrace
Cape Coral, FL 33904
$3,500,000
Price
16
Beds
16
Baths
8
1/2 Baths
11,760 Sq. Ft.
$298 / Sq. Ft.
11,760
Sq. Ft.
$298
per Sq. Ft.
Description
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...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!
Property Details for 1319 Southeast 40th Terrace
Development
CAPE CORAL
Building DesignQuadraplex
Community TypeNon-Gated
WaterfrontYes
Waterfront DescCanal Access
Waterfront DescCanal
ViewNone/Other
Location
Add your commute
LISTING UPDATED: 02/22/2024 09:42 AM
Property Details for 1319 Southeast 40th Terrace
| Status | Active |
|---|---|
| MLS # | 223057746 |
| Days on Market | 256 |
| Taxes | $22,772 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 2008 |
| Lot Size | 0.46 AC / 19,998 SF |
| County | Lee County |
Location
Add your commute
Building Information for 1319 Southeast 40th Terrace
Stories2Residences8Year Built2008Building Size-Lot Size0.46 AC / 19,998 SF
Payment Calculator
$20,999 per month
30 year fixed, 7.25% Interest
Principal and Interest
$19,101
Property Taxes
$1,898
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1319 Southeast 40th Terrace
Summary
Location and General Information
- City: CAPE CORAL
- Human Modified: Yes
- Latitude: 26.58
- Longitude: -81.95
- MLS Area Major: CC12 - Cape Coral Unit 7-15
- Pets: No Approval Needed
- Postal Code: 33904
- Road Responsibility: Public Maintained Road
- Street Direction Prefix: SE
- Street Name: 40th
- Street Number: 1319
- Street Suffix: TER
- Block: 312
- Full Address: 1319 SE 40th TER
Parking
- Covered Spaces: .00
Taxes and HOA Information
- Amenity Rec Fee: $.00
- Application Fee: $.00
- Condo Fee: $.00
- HOA Fee: $.00
- Tax Annual Amount: $22,772.26
- Tax Year: 2022
- Transfer Fee: $.00
- Association Fee 3: $.00
Property
Lot Information
- Development Name: CAPE CORAL
- Parcel Number: 07-45-24-C2-00312.027A
- Property Type: Residential Income
- Section: 7
- Lot Unit: 27
- Source of Measure Lot Dimensions: Appraiser
- Lot Desc: Oversized Lot
- Acres: 0.4591
- Lot Size Area: 0.4591
- Lot Size Dimensions: 160 x 125 x 160 x 125
- Source of Measurements: Appraiser
- Lot Size Units: Acres
- Legal Desc: CAPE CORAL UNIT 7 BLK 312 PB 12 PG 123 LOTS 27 THRU 30
Property and Assessments
- Total Area: 11760.0
- Possession: Close Of Escrow
- Property Condition: Resale
- Property Sub Type: Quadruplex
- Township: 45
- Range: 24
- Special Assessment: 0.00
- Sub Condo Name: CAPE CORAL
- Year Built Numeric: 2008
- Property Sub Type Additional: Quadruplex
- Zoning Code: R3-W
Lease Information
- Land Lease Fee: $.00
- Lease Amount Per Area Unit: Dollars Per Square Foot
- One Time Land Lease Fee: $.00
- One Time Mandatory Club Fee: $.00
- One Time Othe Fee: $.00
- One Time Special Assessment Fee: $.00
Utilities
- Sewer: Central
- Water Source: Public
- Water: Central
Multi Family
Multi-Family Information
- Gross Income: $156,850.00
- Gross Rental Income: $173,400.00
- Annual Net Operating Income: $114,128.00
- Annual Food And Beverage Minimum: 0.00
- Number Of Units Total: 8
- Annual Expenses: $42,721.00
- Other Fee: $.00
- Stories: 2.0
- Units in Building: 8
Unit 1 Information
- Monthly Gross Income: $1,500.00
- Unit Type Baths Total: 3
- Unit Type Beds Total: 2
- Unit Type Description: Laundry in Residence,Screened Lanai/Porch,Auto Garage Door,Dishwasher,Range,Refrigerator,Washer/Dryer Hookup
- Furnished: Unfurnished
- Garage Type: Yes
- Unit Type Garage Spaces: 1.00
- Unit Type Pro Forma: 1500
- Unit Type Type: Item2Bedroom
- Unit Type Num Full Baths: 2
- Unit Type Num Half Baths: 1
- Living Area: 1470.0
Unit 2 Information
- Monthly Gross Income: $1,850.00
- Unit Type Baths Total: 3
- Unit Type Beds Total: 2
- Unit Type Description: Laundry in Residence,Screened Lanai/Porch,Auto Garage Door,Dishwasher,Range,Refrigerator,Washer/Dryer Hookup
- Furnished: Unfurnished
- Garage Type: Yes
- Unit Type Garage Spaces: 1.00
- Unit Type Pro Forma: 1850
- Unit Type Type: Item2Bedroom
- Unit Type Num Full Baths: 2
- Unit Type Num Half Baths: 1
- Living Area: 1470.0
Unit 3 Information
- Monthly Gross Income: $1,850.00
- Unit Type Baths Total: 3
- Unit Type Beds Total: 2
- Unit Type Description: Laundry in Residence,Screened Lanai/Porch,Auto Garage Door,Dishwasher,Range,Refrigerator,Washer/Dryer Hookup
- Furnished: Unfurnished
- Garage Type: Yes
- Unit Type Garage Spaces: 1.00
- Unit Type Pro Forma: 1850
- Unit Type Type: Item2Bedroom
- Unit Type Num Full Baths: 2
- Unit Type Num Half Baths: 1
- Living Area: 1470.0
Unit 4 Information
- Monthly Gross Income: $1,850.00
- Unit Type Baths Total: 3
- Unit Type Beds Total: 2
- Unit Type Description: Laundry in Residence,Screened Lanai/Porch,Auto Garage Door,Dishwasher,Range,Refrigerator,Washer/Dryer Hookup
- Furnished: Unfurnished
- Garage Type: Yes
- Unit Type Garage Spaces: 1.00
- Unit Type Pro Forma: 1850
- Unit Type Type: Item2Bedroom
- Unit Type Num Full Baths: 2
- Unit Type Num Half Baths: 1
- Living Area: 1470.0
Unit 5 Information
- Monthly Gross Income: $1,850.00
- Unit Type Baths Total: 3
- Unit Type Beds Total: 2
- Unit Type Description: Laundry in Residence,Screened Lanai/Porch,Auto Garage Door,Dishwasher,Range,Refrigerator,Washer/Dryer Hookup
- Furnished: Unfurnished
- Garage Type: Yes
- Unit Type Garage Spaces: 1.00
- Unit Type Pro Forma: 1850
- Unit Type Type: Item2Bedroom
- Unit Type Num Full Baths: 2
- Unit Type Num Half Baths: 1
- Living Area: 1470.0
Unit 6 Information
- Monthly Gross Income: $1,850.00
- Unit Type Baths Total: 3
- Unit Type Beds Total: 2
- Unit Type Description: Laundry in Residence,Screened Lanai/Porch,Auto Garage Door,Dishwasher,Refrigerator,Refrigerator/Ice,Washer/Dryer Hookup
- Furnished: Unfurnished
- Garage Type: Yes
- Unit Type Garage Spaces: 1.00
- Unit Type Pro Forma: 1850
- Unit Type Type: Item2Bedroom
- Unit Type Num Full Baths: 2
- Unit Type Num Half Baths: 1
- Living Area: 1470.0
Unit 7 Information
- Monthly Gross Income: $1,850.00
- Unit Type Baths Total: 3
- Unit Type Beds Total: 2
- Unit Type Description: Laundry in Residence,Screened Lanai/Porch,Auto Garage Door,Dishwasher,Range,Refrigerator,Washer/Dryer Hookup
- Furnished: Unfurnished
- Garage Type: Yes
- Unit Type Garage Spaces: 1.00
- Unit Type Pro Forma: 1850
- Unit Type Type: Item2Bedroom
- Unit Type Num Full Baths: 2
- Unit Type Num Half Baths: 1
- Living Area: 1470.0
Unit 8 Information
- Monthly Gross Income: $1,850.00
- Unit Type Baths Total: 3
- Unit Type Beds Total: 2
- Unit Type Description: Laundry in Residence,Screened Lanai/Porch,Auto Garage Door,Dishwasher,Range,Refrigerator,Washer/Dryer Hookup
- Furnished: Unfurnished
- Garage Type: Yes
- Unit Type Garage Spaces: 1.00
- Unit Type Pro Forma: 1850
- Unit Type Type: Item2Bedroom
- Unit Type Num Full Baths: 2
- Unit Type Num Half Baths: 1
- Living Area: 1470.0
Interior and Exterior Features
Exterior Features
- Architectural Style: Two Story
- Association Amenities: Pool, Boat Slip, Spa Hot Tub
- Boat Access: Captain's Walk,See Remarks
- Canal Width: Canal Width 81-120
- Community Features: Non Gated
- Construction: Poured Concrete, Concrete Block
- Exterior Features: Other
- Exterior Features: None
- Irrigation Source: Municipal
- Pool Features: Community
- Private Pool: No
- Roof: Tile
- Structure Type: Quadruplex
- Gulf Access Type: Bridges, Water Indirect
- Gulf Access: Yes
- Spa: No
Interior Features
- Baths Full: 16
- Bathrooms Half: 8
- Bathrooms Total Integer: 24.0
- Beds Total: 16
- Cooling: Central Air, Electric
- Cooling: Yes
- Elevator Text Details: None
- Flooring: Carpet, Tile
- Heating: Central, Electric
- Heating: Yes
- Levels: Two
- Window Features: Single Hung
Rental
Rental Information
- One Time Rec Lease Fee: $.00
Property History for 1319 Southeast 40th Terrace
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1319 Southeast 40th Terrace
Taxable ValueLand$389,760Additions$1,340,725Total$1,730,485
Tax Record2023$24,612 ($2,051 / month)
Home Facts
Total Finished SqFt1,470 SqFtAbove Grade Finished SqFt1,470 SqFtStories2Lot Size20,000 SqFtStyleQuadraplexYear Built2008ZoningR3-WCountyLEEAPN07-45-24-C2-00312.027A
Schools near 1319 Southeast 40th Terrace
This home is within Lee.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | PK to 5 | |||
| Public - | PK to 5 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
Pelican Elementary School PublicPK to 5 | ||
Skyline Elementary School PublicPK to 5 | ||
Patriot Elementary School PublicPK to 5 | ||
Cape Elementary School PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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