721-723 SW 40th Terrace, Cape Coral, FL 33914

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721-723 SW 40th Terrace Cape Coral, FL 33914

Pending MLS# 224020803

6 beds4 bathsMulti-family



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Data current as of 21/05/2024 13:39:11

Details for 721-723 SW 40th Terrace

MLS# 224020803

Description for 721-723 SW 40th Terrace, Cape Coral, FL, 33914

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.

Listing Information

Property Type: Residential, Duplex

Status: Pending-Third Party Approval

Bedrooms: 6

Bathrooms: 4

Lot Size: 0.24 Acres

Year Built: 2018

Construction: Block,Concrete,Stucco

Subdivision: Cape Coral

Number Of Units Total: 2

County: Lee

Days On Market: 78

Construction Status: Resale

Room Information


Full Baths: 4

Interior Features

Flooring: Tile

Doors/Windows: Display Window(s)


Water: Assessment Paid, Public

Sewer: Assessment Paid, Public Sewer

Other Utilities: Cable Available

Cooling: Electric, Central Air

Heating: Central, Electric

Exterior / Lot Features

Roof: Shingle

Lot Dimensions: 85 x 125 x 85 x 125

Zoning: R3-W

Additional Exterior/Lot Features: Patio, Room For Pool, Sprinkler/Irrigation, Patio, Oversized Lot, Sprinklers Automatic

Waterfront Details

Water Front Features: Canal Access, Seawall

Community Features

Community Features: Boat Facilities

Financial Considerations

Terms: All Financing Considered,Cash,FHA,VA Loan

Tenant Pays: Application Fee,Departure Cleaning,Electricity,Pet Deposit,Security,Water

Expense: 12000

Tax Amount: 8767.68

Tax Year: 2023

Price Changes

$649,000 Original Price
$649,000 Current Price
$0Total Change
Date Price Change
03/05/2024 09.58 AM $649,000

Sales History

Date Price Change
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
Currently not available.

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Schools nearby 721-723 SW 40th Terrace

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i

Schools nearby Grades Distance SchoolDigger® Rating i

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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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