1418 Southeast 8th Terrace

Cape Coral, FL 33990

$1,365,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

The Flats at Viscaya (the “Property”), a 7-unit multifamily apartment building located just off Viscaya Parkway, near the intersection of SE 8th Terrace and Del Prado Boulevard S. The Flats at Viscaya was constructed of CBS in 1979. It consists of a single one-story building on a 0.46-acre lot, totaling 6,622 square feet of rentable space. The property comprises four (4) one-bedroom / one-bathroom units and three (3) two-bedroom / two-bathroom units. The Flats at Viscaya presents investors with a...The Flats at Viscaya (the “Property”), a 7-unit multifamily apartment building located just off Viscaya Parkway, near the intersection of SE 8th Terrace and Del Prado Boulevard S. The Flats at Viscaya was constructed of CBS in 1979. It consists of a single one-story building on a 0.46-acre lot, totaling 6,622 square feet of rentable space. The property comprises four (4) one-bedroom / one-bathroom units and three (3) two-bedroom / two-bathroom units. The Flats at Viscaya presents investors with a unique opportunity to increase current rents to market rates in a stabilized, cash-flow-positive property. Its location, within walking distance of Lee Health Cape Coral Hospital and with access to nearby schools, provides tenants with a comfortable and well-located place to live.
  1. Listed by Cliff Glansen • Flatfee.com

Property Details for 1418 Southeast 8th Terrace

Building Design
Low Rise (1-3)
Waterfront
No
Waterfront Desc
None
Waterfront Desc
None
View
None/Other
LISTING UPDATED: 08/23/2024 03:09 PM

Property Details for 1418 Southeast 8th Terrace

StatusActive
MLS #224069517
Days on Market43
Taxes$10,698 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1979
Lot Size0.46 AC / 20,037 SF
CountyLee County

Building Information for 1418 Southeast 8th Terrace

Stories1Residences-Year Built1979Building Size-Lot Size0.46 AC / 20,037 SF

Property Information for 1418 Southeast 8th Terrace

Summary
Location and General Information
  • City: CAPE CORAL
  • Directions: Viscaya Pkwy to Del Prado Blvd To SE 8th Terrace
  • Human Modified: Yes
  • Latitude: 26.64
  • Longitude: -81.94
  • MLS Area Major: CC14 - Cape Coral Unit 16,18,22-
  • Postal Code: 33990
  • Street Direction Prefix: SE
  • Street Name: 8th
  • Street Number: 1418
  • Street Suffix: TER
  • Full Address: 1418 SE 8th TER
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: $10,698.49
  • Tax Year: 2023
  • Transfer Fee: $.00
  • Association Fee 3: $.00
Property
Lot Information
  • Parcel Number: 19-44-24-C2-00798.0220
  • Property Type: Commerical
  • Acres: 0.46
  • Lot Size Area: 0.46
  • Source of Measurements: Appraiser
  • Lot Size Units: Acres
  • Legal Desc: CAPE CORAL UNIT 22 BLK 798 PB 14 PG 16 LOTS 22 THRU 25
Property and Assessments
  • Property Sub Type: Multi Family
  • Special Assessment: 0.00
  • Year Built Numeric: 1979
  • Zoning Code: P1-D
Lease Information
  • Land Lease Fee: $.00
  • Lease Considered: No
  • Lease Amount Per Area Unit: Dollars Per Square Foot
  • Sale Or Lease Includes: Other See Remarks
  • 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: None
  • Utilities: Electricity Available, Phone Available, Sewer Available, Trash Collection, Water Available
  • Water: None
Multi Family
Multi-Family Information
  • Annual Food And Beverage Minimum: 0.00
  • Other Fee: $.00
  • Total Floors: 1
Interior and Exterior Features
Exterior Features
  • Architectural Style: Low Rise
  • Canal Width: None
  • Exterior Features: None
  • Gulf Access: No
Interior Features
  • Cooling: Yes
  • Elevator Text Details: None
  • Heating: Yes
Rental
Rental Information
  • One Time Rec Lease Fee: $.00

Property History for 1418 Southeast 8th Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1418 Southeast 8th Terrace

Taxable ValueLand$173,010Additions$407,188Total$580,198
Tax Record2023$10,698 ($892 / month)
Home Facts
Total Finished SqFt6,622 SqFtAbove Grade Finished SqFt6,622 SqFtStories1Lot Size20,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1979Year Renovated1984ZoningP1-DCountyLEEAPN19-44-24-C2-00798.0220

Schools near 1418 Southeast 8th Terrace

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
Hector A. Cafferata Jr Elementary School
PublicPK to 5

Tropic Isles Elementary School
PublicPK to 5

Hancock Creek Elementary School
PublicPK to 5

Caloosa 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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1418 Southeast 8th Terrace is a multi-family home for sale in Cape Coral, FL 33990. This property was listed for sale on August 23, 2024 by Flatfee.com, it's currently listed at $1,365,000. It has been on the market for a total of 43 days and was last sold on March 19, 2021. This listing's school district is Lee. Nearby schools include Hector A. Cafferata Jr Elementary School, Tropic Isles Elementary School and Hancock Creek Elementary School. 1418 Southeast 8th Terrace is a 0-bed, 0-bath, multi-family home built in 1979.

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 Flatfee.com, Cliff Glansen

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