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721-723 SW 40th Terrace, Cape Coral, FL 33914
$649,000 Sale Pending
721-723 SW 40th Terrace, Cape Coral, FL 33914View this property at 721-723 SW 40th Terrace, Cape Coral, FL 33914
721-723 SW 40th TerraceCape CoralFL33914
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Property Description
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.
Full Property Details
Full Property Details for 721-723 SW 40th Terrace
General
- Price: $649,000
- Taxes: $8,767 (2023)
- Status: Pending
- Type: Duplex
- MLS ID: 224020803
- Updated: 5/20/2024
- Added to Site: 83 day(s) ago
Interior
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 6
Additional Information
- Shared Amenities: None
Exterior
- Exterior Features: Sprinkler/Irrigation, Patio, Room For Pool
- Porch/Patio/Deck: Patio
Location
- County: Lee
- Subdivision: CAPE CORAL
Community
- Community Name: CC21 - Cape Coral Unit 3, 30, 44, 6
- Pets Allowed: Yes
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Assessment Paid, Public Sewer
- Water: Assessment Paid, Public
- Cable Available: Yes
- Utility Description: Cable Available
Structural Information
- Architectural Style: Duplex
- Structure Type: Duplex
- Construction: Block, Concrete, Stucco
- Roof: Shingle
- Windows: Display Window(s)
- Year Built: 2018
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 0.244
- Lot Size: .244
- Lot Size Source: Appraiser
- Lot Dimensions: 85 x 125 x 85 x 125
- Irrigation System: Municipal, Included in Assessment
- Lot Features: Oversized Lot, Sprinklers Automatic
- Zoning: R3-W
Water Features
- Water Front: Yes
- Water Front Desc.: Canal Access, Seawall
Financial Considerations
- Operating Expenses: $12,000
- Tax Amount: $8,767.68
- Tax Year: 2023
- Terms: All Financing Considered, Cash, FHA, VA Loan
- Tenant Pays: Application Fee, Departure Cleaning, Electricity, Pet Deposit, Security, Water
Disclosures and Reports
- Legal Description: CAPE CORAL UNIT 44 BLK 1729 PB 21 PG 111 LOTS 32 + 33
- Block: 1729
- Lot Number: 32
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Schools
Schools serving 721-723 SW 40th Terrace
Rating | Name | Grades | Distance |
---|---|---|---|
3525 Sw 3rd Ave, Cape Coral, FL 33914 | PK-5 | 0.8 mi | |
3400 Sw 17th Pl, Cape Coral, FL 33914 | PK-5 | 1.6 mi | |
3415 Oasis Blvd, Cape Coral, FL 33914 | PK-5 | 2.2 mi | |
1809 Sw 36th Ter, Cape Coral, FL 33914 | 6-8 | 1.5 mi | |
3507 Oasis Blvd, Cape Coral, FL 33914 | 6-8 | 2.2 mi | |
624 Sw Trafalgar Pkwy, Cape Coral, FL 33991 | 6-8 | 3.1 mi | |
3500 Agualinda Blvd, Cape Coral, FL 33914 | 9-12 | 1.8 mi | |
3519 Oasis Blvd, Cape Coral, FL 33914 | 9-12 | 2.1 mi | |
2300 Santa Barbara Blvd, Cape Coral, FL 33991 | 9-12 | 2.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 721-723 SW 40th Terrace
Date
Details
Price
Change
Source
3/03/2024
Listed
$649,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Estimate the Cost for 721-723 SW 40th Terrace
721-723 SW 40th Terrace, Cape Coral, FL 33914 (MLS# 224020803) is a Duplex property with 6 bedrooms and 4 full bathrooms. 721-723 SW 40th Terrace is currently listed for $649,000 and was received on March 03, 2024. Want to learn more about 721-723 SW 40th Terrace? Do you have questions about finding other Duplex real estate for sale in Cape Coral? You can browse all Cape Coral real estate or contact a Coldwell Banker agent to request more information.