128 Southeast 12th Terrace, Unit 14

Cape Coral, FL 33990

$899,900
Price
7
Beds
3,720 Sq. Ft.
$242 / Sq. Ft.
3,720
Sq. Ft.
$242
per Sq. Ft.

Description

Huge price improvement - great investment opportunity! Owner wants to move on to bigger things! This well maintained 4-Plex has garages and in-ground pool; it is located in the heart of Cape Coral - all units have been re-piped; all new electrical panels; all new/newer AC units and hot water tanks. The units feature carpet, tile and most have been recently painted. Most appliances are newer. Roof was replaced after Ian (no flood damage) as well as decking; all new storm doors and shutters for windows...Huge price improvement - great investment opportunity! Owner wants to move on to bigger things! This well maintained 4-Plex has garages and in-ground pool; it is located in the heart of Cape Coral - all units have been re-piped; all new electrical panels; all new/newer AC units and hot water tanks. The units feature carpet, tile and most have been recently painted. Most appliances are newer. Roof was replaced after Ian (no flood damage) as well as decking; all new storm doors and shutters for windows were added. 3 of the garages are used by tenants and 1 garage is used for “tenant and owner” storage. This building has been consistently maintained and serviced. Owner pays water however the units are metered for easy conversion. The pool was resurfaced in 2022 and a new pool pump purchased in March of 2022. All tenants have lived there minimum of 4-5 years and have established a nice community. Showings will be granted with pre-approval or POF; Serious inquiries only! Do not approach building - do not approach tenants
  1. Listed by Anita Alt • Royal Shell Real Estate, Inc. • aalt@comcast.net

Property Details for 128 Southeast 12th Terrace, Unit 14

Development
CAPE CORAL
Building Design
Quadraplex
Community Type
Non-Gated
Waterfront
No
Waterfront Desc
None
Waterfront Desc
None
View
None/Other
LISTING UPDATED: 03/09/2025 11:46 AM

Property Details for 128 Southeast 12th Terrace, Unit 14

StatusActive
MLS #224045386
Days on Market292
Taxes$11,063 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1988
Lot Size0.39 AC / 16,814 SF
CountyLee County

Building Information for 128 Southeast 12th Terrace, Unit 14

Stories2Residences4Year Built1988Building Size-Lot Size0.39 AC / 16,814 SF

Property Information for 128 Southeast 12th Terrace, Unit 14

Summary
Location and General Information
  • City: Cape Coral
  • Directions: SE Cape Coral - just SE of Santa Barbara and Nicholas Pkwy.
  • Human Modified: Yes
  • Latitude: 26.63
  • Longitude: -81.97
  • MLS Area Major: CC14 - Cape Coral Unit 16,18,22-
  • Pets: Limits, With Approval
  • Postal Code: 33990
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • Street Direction Prefix: SE
  • Street Name: 12TH
  • Street Number: 128
  • Street Suffix: TER
  • Block: 23
  • Unit Number: 1-4
  • Full Address: 128 SE 12TH TER 1-4
Parking
  • Covered Spaces: .00
Taxes and HOA Information
  • Amenity Rec Fee: $.00
  • Application Fee: $.00
  • Association Fee Total Frequency: Annually
  • Association Fee 2: $.00
  • Tax Annual Amount: $11,063.00
  • Tax Year: 2023
  • Transfer Fee: $.00
  • Association Fee 3: $.00
Property
Lot Information
  • Development Name: CAPE CORAL
  • Parcel Number: 24-44-23-C4-01023.0130
  • Property Type: Residential Income
  • Section: 24
  • Source of Measure Lot Dimensions: Appraiser
  • Lot Desc: Multiple Lots, Oversized Lot
  • Acres: 0.386
  • Lot Size Area: 0.386
  • Lot Size Dimensions: 141 x 120 x 141 x 120
  • Source of Measurements: Appraiser
  • Lot Size Units: Acres
  • Legal Desc: CAPE CORAL UNIT 24 BLK 1023 PB 14 PG 65 LOTS 13 14 + 15
Property and Assessments
  • Total Area: 3720.0
  • Possession: Close Of Escrow, Subject To Tenant Rights
  • Property Condition: Resale
  • Property Sub Type: Quadruplex
  • Range: 44
  • Special Assessment: 0.00
  • Sub Condo Name: CAPE CORAL
  • Year Built Numeric: 1988
  • Property Sub Type Additional: Quadruplex
  • Zoning Code: R3-D
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: Assessment Paid, Central
  • Utilities: Cable Available
  • Water Source: Assessment Paid, Public
  • Water: Assessment Paid, Central
Multi Family
Multi-Family Information
  • Gross Rental Income: $52,037.00
  • Annual Net Operating Income: $70,800.00
  • Annual Food And Beverage Minimum: 0.00
  • Number Of Units Total: 4
  • Annual Expenses: $18,763.00
  • Other Fee: $.00
  • Stories: 2.0
  • Units in Building: 4
Unit 1 Information
  • Monthly Gross Income: $1,750.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Description: Balcony,Laundry in Garage,Open Lanai/Porch,Auto Garage Door,Cable Available,Ceiling Fan(s),Cooktop,Dishwasher,Disposal,Dryer,Microwave,Range,Refrigerator,Smoke Detector,Washer
  • Furnished: Unfurnished
  • Garage Type: Yes
  • Unit Type Garage Spaces: 1.00
  • Unit Type Pro Forma: 1750
  • Unit Type Type: Two Bedroom
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Living Area: 1100.0
Unit 2 Information
  • Monthly Gross Income: $1,700.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Description: Laundry in Garage,Auto Garage Door,Cable Available,Ceiling Fan(s),Cooktop,Dishwasher,Microwave,Range,Refrigerator,Smoke Detector,Washer/Dryer Hookup
  • Furnished: Unfurnished
  • Garage Type: Yes
  • Unit Type Garage Spaces: 1.00
  • Unit Type Pro Forma: 1700
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Living Area: 1008.0
Unit 3 Information
  • Monthly Gross Income: $1,550.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Description: Laundry in Garage,Auto Garage Door,Cable Available,Ceiling Fan(s),Cooktop,Dishwasher,Disposal,Dryer,Microwave,Range,Refrigerator,Smoke Detector,Washer
  • Furnished: Unfurnished
  • Garage Type: Yes
  • Unit Type Garage Spaces: 1.00
  • Unit Type Pro Forma: 1550
  • Unit Type Type: Two Bedroom
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Living Area: 912.0
Unit 4 Information
  • Monthly Gross Income: $950.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Description: Open Lanai/Porch,Cable Available,Ceiling Fan(s),Cooktop,Disposal,Range,Refrigerator,Smoke Detector
  • Furnished: Unfurnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 950
  • Unit Type Type: One Bedroom
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Living Area: 700.0
Interior and Exterior Features
Exterior Features
  • Architectural Style: Two Story, See Remarks
  • Association Amenities: Other
  • Canal Width: None
  • Community Features: Non Gated
  • Construction: Poured Concrete, Wood Frame, Concrete Block
  • Exterior Features: Deck, Fence, Other, Patio, Storage
  • Exterior Features: Deck, Fence, Patio, Storage
  • Irrigation Source: Municipal, Included In Assessment
  • Patio And Porch Features: Deck, Patio
  • Pool Features: Concrete, In Ground, Screen Enclosure, See Remarks
  • Private Pool: Yes
  • Roof: Shingle
  • Structure Type: Quadruplex
  • Gulf Access: No
  • Spa: No
Interior Features
  • Baths Full: 6
  • Bathrooms Total Integer: 6.0
  • Beds Total: 7
  • Cooling: Central Air, Ceiling Fans, Electric
  • Cooling: Yes
  • Elevator Text Details: None
  • Flooring: Carpet, Tile
  • Heating: Central, Electric
  • Heating: Yes
  • Levels: Two
  • Window Features: Single Hung, Sliding
Rental
Rental Information
  • One Time Rec Lease Fee: $.00

Property History for 128 Southeast 12th Terrace, Unit 14

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 128 Southeast 12th Terrace, Unit 14

This home is within School District of Lee County.
Rating
School
Type
Grades
Distance
Skyline Elementary School
Public - PK to 5
Hector A. Cafferata Jr Elementary School
Public - PK to 5
Caloosa Elementary School
Public - PK to 5
Patriot Elementary School
Public - PK to 5
Rating
School
Distance
Skyline Elementary School
PublicPK to 5

Hector A. Cafferata Jr Elementary School
PublicPK to 5

Caloosa Elementary School
PublicPK to 5

Patriot 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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More information about 128 Southeast 12th Terrace, Unit 14, Cape Coral, FL 33990

128 Southeast 12th Terrace, Unit 14 is a multi-family home for sale in Cape Coral, FL 33990. This property was listed for sale on May 25, 2024 by Royal Shell Real Estate, Inc., it's currently listed at $899,900. This listing's school district is School District of Lee County. Nearby schools include Skyline Elementary School, Hector A. Cafferata Jr Elementary School and Caloosa Elementary School. 128 Southeast 12th Terrace, Unit 14 is a 7-bed, 6-bath, 3,720 sqft multi-family home built in 1988.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Royal Shell Real Estate, Inc., Anita Alt

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