1319 SE 40th Terrace, Cape Coral, FL
$ 3,500,000
Property Attributes
  • MLS#223057746
  • TypeMulti-Family
  • CountyLEE
  • CityCape Coral
  • AreaCC12 - Cape Coral Unit 7-15
  • NeighborhoodCape Coral
  • Zip33904
  • StyleTwo Story
  • Year Built2008
  • Taxes$ 22772
  • Price$ 3,500,000
  • Bedrooms16
  • Full Bathrooms16
  • Half Bathrooms8
  • Sqr Footage11760
  • Lot Size0.4591 Acres
Data Source:
Florida Gulf Coast MLS (SWFLMLS)
Property 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 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!

Price History
8/25/2023 Listed $3,500,000

General Features

Sewer Public Sewer
Heating Central,Electric
Cooling Central Air,Electric
Possession Close Of Escrow
Roof Tile
Condo Fee 0.00
Exterior Features Other
Architectural Style Two Story
Pool Features Community
Construction Materials Block,Concrete,Stucco
Pets Allowed Yes
Year Built 2008
Tenant Pays Application Fee,Cable TV,Departure Cleaning,Electricity,Internet,Water
Stories 2
Levels Two
Property SubType Quadruplex
Tax Year 2022
Gross Income 156850
Waterfront Features Canal Access
Community Features Non-Gated
County Lee
Net Operating Income 114128
Operating Expense 42721
Property Type Residential Income
Association Amenities Pool,Boat Slip,Spa/Hot Tub
Subdivision Name CAPE CORAL
Status Active
Buyer Agent Compensation 1.5%
Zoning Description R3-W
Total Units 8
MLS Area CC12 - Cape Coral Unit 7-15
Waterfront Y/N Yes
Street Name 40th
Tax Annual Amount 22772.26
Property Condition Resale
Days on Market 181
Structure Type Quadruplex
Standard Status Active
Tax Lot 27
Property Sub Type Additional Quadruplex
Legal Description CAPE CORAL UNIT 7 BLK 312 PB 12 PG 123 LOTS 27 THRU 30

Interior Features

Flooring Carpet,Tile
Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features Single Hung
Full Baths 16
Half Baths 8
Street Suffix Terrace
Total Bedrooms 16
Total Baths 24

Exterior Features

Lot Features Oversized Lot
Water Source Public
Lot Size Area 0.4591
Canal Width Canal Width 81-120
Boat Access Captain's Walk,See Remarks
Building Area Total 11760
Lot Dimensions 160 x 125 x 160 x 125
Lot Size Acres 0.4591
Lot Size Units Acres
Lot Size Source Appraiser
Road Responsibility Public Maintained Road
LotDimensionsSource Appraiser


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 33904

AVG $850K
AVG $7,155
AVG 240
Data Provided by Inside Real Estate®
Year Built
AVG 1995
AVG 40
Data Provided by Walkscore® not using MLS data

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