721-723 SW 40th Terrace Cape Coral, FL $ 649,000
721-723 SW 40th Terrace
$ 649,000
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721-723 SW 40th Terrace

Cape Coral, FL, 33914
$ 649,000
Bedrooms6 Baths4.0 Sq 2,400

Monthly Estimate*

$ 4,313

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Multi-Family Home for sale in Cape Coral, FL

for $649,000 with 6 bedrooms and 4 full baths. This 2,400 square foot home was built in 2018 on a lot size of 0.244.

Introducing a fantastic opportunity in SWFL, this duplex offers a desirable layout with three bedrooms and two bathrooms on each side. Whether you're looking for a primary residence or an investment property, this duplex has the potential to meet your needs. One of the standout features of this property is its great rental income potential. With two separate units, you have the option to rent out each side, maximizing your investment returns. The spacious three-bedroom layouts provide ample space for tenants, making it an attractive option for potential renters. Located on a gulf access canal, this duplex offers the added benefit of waterfront living. Imagine having the convenience of a boat dock right at your doorstep, allowing you to easily explore the beautiful waterways of SWFL. Whether you're a boating enthusiast or simply enjoy the tranquility of waterfront living, this feature adds tremendous value to the property. In addition to its prime location and rental income potential, this duplex also offers versatility. You can choose to live in one unit and rent out the other, providing you with a source of income while enjoying the benefits of homeownership. Alternatively, you can rent out both units and generate a steady stream of rental income. Overall, this duplex in SWFL presents an exciting opportunity for both investors and those seeking a new home. With its spacious three-bedroom layouts, great rental income potential, and waterfront location with a boat dock, it offers a unique combination of comfort, convenience, and financial benefits. Don't miss out on the chance to own this versatile property in a highly sought-after area.

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Multi-Family Pending

Price

$ 649,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 8,767

Style

Duplex

Lot Size

0.244

Year Built

2018

Town/City

Cape Coral

County/Region

Lee

MLS | Web ID

224020803

Features
General
Sewer Assessment Paid Public Sewer
Heating Central Electric
Cooling Central Air Electric
Utilities Cable Available
Possession Close Of Escrow Subject To Tenant Rights
Roof Shingle
Exterior Features Sprinkler/Irrigation Patio Room For Pool
HOA 0
Patio/Porch Features Patio
Architectural Style Duplex
Construction Materials Block Concrete Stucco
Pets Allowed Yes
Year Built 2018
Tenant Pays Application Fee Departure Cleaning Electricity Pet Deposit Security Water
Property SubType Duplex
Tax Year 2023
Waterfront Features Canal Access Seawall
Community Features Boat Facilities
County Lee
Net Operating Income 12000
Operating Expense 12000
Property Type Residential Income
Association Amenities None
Subdivision Name CAPE CORAL
Status Pending
City CAPE CORAL
Land Lease Amount 0
Zoning Description R3-W
Total Units 2
MLS Area CC21 - Cape Coral Unit 3 30 44 6
Waterfront Y/N 1
Street Name 40th
Tax Annual Amount 8767.68
Property Condition Resale
Days on Market 78
Structure Type Duplex
Standard Status Pending
Tax Lot 32
Property Sub Type Additional Duplex
Legal Description CAPE CORAL UNIT 44 BLK 1729 PB 21 PG 111 LOTS 32 + 33
Condo Fee 0
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Interior
Flooring Tile
Air Conditioning Y/N 1
Heating Y/N 1
Window Features Display Window(s)
Full Baths 4
Street Suffix Terrace
Total Bedrooms 6
Total Baths 4
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Exterior
Lot Features Oversized Lot Sprinklers Automatic
Water Source Assessment Paid Public
Lot Size Area 0.244
Spa 0
Building Area Total 2400
Lot Dimensions 85 x 125 x 85 x 125
Lot Size Acres 0.244
Road Surface Type Paved
Lot Size Units Acres
Lot Size Source Appraiser
Covered Spaces 0
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Brianna Biasella

Listing Agent

Re/Max Trend

Broker

briannachristiano@remax.net

Email

Affordability Calculator

$5,044
Per Month
86%
14%
0%
Monthly Principal & Interest
$4,313
Monthly Property Taxes
$731
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1023546 Elementary School
1023297 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/3/2024$649,000 Listed Price

Map


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721-723 SW 40th Terrace, Cape Coral, FL, 33914 is a Multi-Family Home for sale at $649,000 with 2,400 sqft and a lot size of 0.244. 721-723 SW 40th Terrace has 6 bedrooms, 4.0 baths, and was built in 2018. The property's zip code is 33914 which is in Cape Coral, FL