703 Southeast 8th Terrace

Cape Coral, FL 33990

$637,500
Price
6
Beds
6
Baths
2,886 Sq. Ft.
$221 / Sq. Ft.
2,886
Sq. Ft.
$221
per Sq. Ft.

Description

Centrally located fully rented Triplex. 2 bedrooms, 2 bathrooms in each unit, with screened in lanais with laundry. All units are tiled throughout. New roof in 2022 before the hurricane. Units A and C were painted in 2022. Unit A has a new AC in May 2023 and a newer dishwasher. Unit B was painted in 2021, newer fridge and hot water heater. Unit C has a new AC in May 2024, and a newer microwave. All 3 tenants have dogs. No flood insurance required.Centrally located fully rented Triplex. 2 bedrooms, 2 bathrooms in each unit, with screened in lanais with laundry. All units are tiled throughout. New roof in 2022 before the hurricane. Units A and C were painted in 2022. Unit A has a new AC in May 2023 and a newer dishwasher. Unit B was painted in 2021, newer fridge and hot water heater. Unit C has a new AC in May 2024, and a newer microwave. All 3 tenants have dogs. No flood insurance required.
  1. Listed by Renee Renna • Cape Coral Real Estate & RE

Property Details for 703 Southeast 8th Terrace

Development
CAPE CORAL
Building Design
Triplex
Community Type
Non-Gated
Waterfront
No
Waterfront Desc
None
Waterfront Desc
None
View
None/Other
LISTING UPDATED: 09/17/2024 03:25 PM

Property Details for 703 Southeast 8th Terrace

StatusActive
MLS #224076544
Days on Market67
Taxes$8,007 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2007
Lot Size0.34 AC / 14,984 SF
CountyLee County

Building Information for 703 Southeast 8th Terrace

Stories-Residences3Year Built2007Building Size-Lot Size0.34 AC / 14,984 SF

Property Information for 703 Southeast 8th Terrace

Summary
Location and General Information
  • City: CAPE CORAL
  • Directions: use GPS
  • Human Modified: Yes
  • Latitude: 26.64
  • Longitude: -81.96
  • 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: 8th
  • Street Number: 703
  • Street Suffix: TER
  • Block: 1154
  • Full Address: 703 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: $8,007.30
  • Tax Year: 2023
  • Transfer Fee: $.00
  • Association Fee 3: $.00
Property
Lot Information
  • Development Name: CAPE CORAL
  • Parcel Number: 24-44-23-C2-01154.0280
  • Property Type: Residential Income
  • Section: 24
  • Lot Unit: 28
  • Source of Measure Lot Dimensions: Appraiser
  • Lot Desc: Oversized Lot
  • Acres: 0.344
  • Lot Size Area: 0.344
  • Lot Size Dimensions: 80 x 120 x 80 x 120
  • Source of Measurements: Appraiser
  • Lot Size Units: Acres
  • Legal Desc: CAPE CORAL UNIT 24 BLK 1154 PB 14 PG 77 LOTS 28 THRU 30
Property and Assessments
  • Total Area: 2886.0
  • Possession: Close Of Escrow
  • Property Condition: Resale
  • Property Sub Type: Triplex
  • Township: 44
  • Range: 23E
  • Special Assessment: 0.00
  • Sub Condo Name: CAPE CORAL
  • Year Built Numeric: 2007
  • Property Sub Type Additional: Triplex
  • Zoning Code: P-1
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
  • Utilities: Cable Available
  • Water Source: Assessment Paid
  • Water: Assessment Paid
Multi Family
Multi-Family Information
  • Gross Rental Income: $51,300.00
  • Annual Net Operating Income: $43,613.00
  • Annual Food And Beverage Minimum: 0.00
  • Number Of Units Total: 3
  • Annual Expenses: $7,687.00
  • Other Fee: $.00
  • Units in Building: 3
Unit 1 Information
  • Monthly Gross Income: $1,400.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Description: Screened Lanai/Porch,Cable Available,Ceiling Fan(s),Dishwasher,Dryer,Microwave,Refrigerator,Smoke Detector,Washer
  • Furnished: Unfurnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 1400
  • Unit Type Type: Item2Bedroom
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Living Area: 962.0
Unit 2 Information
  • Monthly Gross Income: $1,475.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Description: Screened Lanai/Porch,Cable Available,Ceiling Fan(s),Dishwasher,Dryer,Microwave,Refrigerator/Ice,Smoke Detector,Washer
  • Furnished: Unfurnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 1475
  • Unit Type Type: Item2Bedroom
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Living Area: 962.0
Unit 3 Information
  • Monthly Gross Income: $1,400.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Description: Screened Lanai/Porch,Cable Available,Ceiling Fan(s),Dishwasher,Dryer,Microwave,Range,Refrigerator,Smoke Detector,Washer
  • Furnished: Unfurnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 1400
  • Unit Type Type: Item2Bedroom
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Living Area: 962.0
Interior and Exterior Features
Exterior Features
  • Architectural Style: Other
  • Association Amenities: None
  • Canal Width: None
  • Community Features: Non Gated
  • Construction: Poured Concrete, Concrete Block
  • Exterior Features: None
  • Exterior Features: None
  • Irrigation Source: Includedin Assessment
  • Private Pool: No
  • Roof: Shingle
  • Structure Type: Triplex
  • Gulf Access: No
  • Spa: No
Interior Features
  • Baths Full: 6
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 6.0
  • Beds Total: 6
  • Cooling: Central Air, Ceiling Fans, Electric
  • Cooling: Yes
  • Elevator Text Details: None
  • Flooring: Tile
  • Heating: Central, Electric
  • Heating: Yes
  • Window Features: Single Hung
Rental
Rental Information
  • One Time Rec Lease Fee: $.00

Property History for 703 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 703 Southeast 8th Terrace

Taxable ValueLand$86,304Additions$325,467Total$411,771
Tax Record2023$8,007 ($667 / month)
Home Facts
Total Finished SqFt962 SqFtAbove Grade Finished SqFt962 SqFtStories1Lot Size14,985 SqFtStyleTriplexYear Built2007Year Renovated2008ZoningP-1CountyLEEAPN24-44-23-C2-01154.0280

Schools near 703 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

Patriot Elementary School
PublicPK to 5

Skyline 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.

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703 Southeast 8th Terrace is a multi-family home for sale in Cape Coral, FL 33990. This property was listed for sale on September 17, 2024 by Cape Coral Real Estate & RE, it's currently listed at $637,500. It has been on the market for a total of 67 days and was last sold on October 29, 2020. This listing's school district is Lee. Nearby schools include Hector A. Cafferata Jr Elementary School, Patriot Elementary School and Skyline Elementary School. 703 Southeast 8th Terrace is a 6-bed, 6-bath, 2,886 sqft multi-family home built in 2007.

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 Cape Coral Real Estate & RE, Renee Renna

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