1314 Southeast 40th Terrace, Unit 14

Cape Coral, FL 33904

$575,000
Price
4
Beds
4
Baths
2,268 Sq. Ft.
$254 / Sq. Ft.
2,268
Sq. Ft.
$254
per Sq. Ft.

Description

Welcome to 1314 SE 40th Terr #1 - 4 in Cape Coral, FL! This income-producing 4plex is conveniently located close to schools and downtown Cape. The property features 2 spacious 1-bedroom units and 2 cozy efficiency units, all completely remodeled. Enjoy the peace of mind with a new roof and plumbing, including new underground plumbing. Relax and unwind on the screened-in lanai's, perfect for enjoying the Florida weather. Don't miss out on this fantastic opportunity to own a property in a great location...Welcome to 1314 SE 40th Terr #1 - 4 in Cape Coral, FL! This income-producing 4plex is conveniently located close to schools and downtown Cape. The property features 2 spacious 1-bedroom units and 2 cozy efficiency units, all completely remodeled. Enjoy the peace of mind with a new roof and plumbing, including new underground plumbing. Relax and unwind on the screened-in lanai's, perfect for enjoying the Florida weather. Don't miss out on this fantastic opportunity to own a property in a great location with endless potential.
  1. Listed by Nicole Pistone • Cornerstone Coastal Properties
  2. Listed by Erik Fine • Cornerstone Coastal Properties

Property Details for 1314 Southeast 40th 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: 12/27/2024 12:34 PM

Property Details for 1314 Southeast 40th Terrace, Unit 14

StatusActive
MLS #224097535
Days on Market27
Taxes$5,959 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1965
Lot Size0.23 AC / 10,018 SF
CountyLee County

Building Information for 1314 Southeast 40th Terrace, Unit 14

Stories-Residences4Year Built1965Building Size-Lot Size0.23 AC / 10,018 SF

Property Information for 1314 Southeast 40th Terrace, Unit 14

Summary
Location and General Information
  • City: Cape Coral
  • Human Modified: Yes
  • Latitude: 26.58
  • Longitude: -81.95
  • MLS Area Major: CC12 - Cape Coral Unit 7-15
  • Pets: No Approval Needed
  • Postal Code: 33904
  • Road Responsibility: Public Maintained Road
  • Street Direction Prefix: SE
  • Street Name: 40th
  • Street Number: 1314
  • Street Suffix: TER
  • Block: 313
  • Unit Number: 1-4
  • Full Address: 1314 SE 40th 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: $5,959.04
  • Tax Year: 2023
  • Transfer Fee: $.00
  • Association Fee 3: $.00
Virtual Tour
Property
Lot Information
  • Development Name: CAPE CORAL
  • Parcel Number: 07-45-24-C2-00313.0070
  • Property Type: Residential Income
  • Section: 07
  • Lot Unit: 7
  • Source of Measure Lot Dimensions: Appraiser
  • Lot Desc: Other
  • Acres: 0.23
  • Lot Size Area: 0.23
  • Source of Measurements: Appraiser
  • Lot Size Units: Acres
  • Legal Desc: CAPE CORAL UNIT 7 BLK 313 PB 12 PG 123 LOTS 7 + 8
Property and Assessments
  • Total Area: 2268.0
  • Possession: Close Of Escrow
  • Property Condition: Resale
  • Property Sub Type: Quadruplex
  • Township: 45
  • Range: 24E
  • Special Assessment: 0.00
  • Sub Condo Name: CAPE CORAL
  • Year Built Numeric: 1965
  • 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: $55,200.00
  • Golf Type: No Golf Available
  • Annual Net Operating Income: $42,147.37
  • Annual Food And Beverage Minimum: 0.00
  • Number Of Units Total: 4
  • Annual Expenses: $13,052.63
  • Other Fee: $.00
  • Units in Building: 4
Unit 1 Information
  • Monthly Gross Income: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Description: Screened Lanai/Porch,Cable Available,Ceiling Fan(s),Disposal,Microwave,Range,Refrigerator/Ice,Window Covering
  • Furnished: Unfurnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 0
  • Unit Type Type: One Bedroom
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Living Area: 834.0
Unit 2 Information
  • Monthly Gross Income: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Description: Screened Lanai/Porch,Cable Available,Disposal,Microwave,Refrigerator/Ice,Smoke Detector,Washer/Dryer Hookup,Window Covering
  • Furnished: Unfurnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 0
  • Unit Type Type: One Bedroom
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Living Area: 834.0
Unit 3 Information
  • Monthly Gross Income: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Description: Great Room,
  • Furnished: Unfurnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 0
  • Unit Type Type: One Bedroom
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Living Area: 300.0
Unit 4 Information
  • Monthly Gross Income: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Description: Great Room,Cable Available,Ceiling Fan(s),Window Covering
  • Furnished: Unfurnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 0
  • Unit Type Type: One Bedroom
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Living Area: 300.0
Interior and Exterior Features
Exterior Features
  • Architectural Style: See Remarks
  • Association Amenities: None
  • Canal Width: None
  • Community Features: Non Gated
  • Construction: Poured Concrete, Concrete Block
  • Exterior Features: None
  • Exterior Features: None
  • Irrigation Source: Included In Assessment
  • Private Pool: No
  • Roof: Shingle
  • Structure Type: Quadruplex
  • Gulf Access: No
  • Spa: No
Interior Features
  • Baths Full: 4
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 4.0
  • Beds Total: 4
  • Cooling: Central Air, Ceiling Fans, Electric
  • Cooling: Yes
  • Elevator Text Details: None
  • Flooring: Vinyl
  • Heating: Central, Electric
  • Heating: Yes
  • Window Features: Single Hung
Rental
Rental Information
  • One Time Rec Lease Fee: $.00

Property History for 1314 Southeast 40th Terrace, Unit 14

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1314 Southeast 40th Terrace, Unit 14

Taxable ValueLand$40,000Additions$143,311Total$183,311
Tax Record2018$4,826 ($402 / month)
Home Facts
Beds4Above Grade Finished SqFt2,246 SqFtStories1Lot Size10,019 SqFtStyleMulti-Family Res (5+ Units)Year Built1965Year Renovated1980ZoningR3-DCountyLEEAPN074524C2003130070

Schools near 1314 Southeast 40th Terrace, Unit 14

This home is within Lee.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 5
Rating
School
Distance
Pelican Elementary School
PublicPK to 5

Skyline Elementary School
PublicPK to 5

Patriot Elementary School
PublicPK to 5

Cape 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.

Similar Homes

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1314 Southeast 40th Terrace, Unit 14 is a multi-family home for sale in Cape Coral, FL 33904. This property was listed for sale on December 3, 2024 by Cornerstone Coastal Properties, it's currently listed at $575,000. It has been on the market for a total of 27 days and was last sold on December 23, 2020. This listing's school district is Lee. Nearby schools include Pelican Elementary School, Skyline Elementary School and Patriot Elementary School. 1314 Southeast 40th Terrace, Unit 14 is a 4-bed, 4-bath, 2,268 sqft multi-family home built in 1965.

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 Cornerstone Coastal Properties, Nicole Pistone; Cornerstone Coastal Properties, Erik Fine

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