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  • $635,000

    721-723 SW 40th Ter, Cape Coral, FL 33914

    6beds
    2,400sqft
    Duplex, Multi Family
    Built in 2018
    -- sqft lot
    $591,600 Zestimate®
    $265/sqft
    $2,280 Estimated rent

    Home value

    $591,600

    $544,000 - $645,000

    $2,280/mo

    Zestimate® history
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    $4,153/mo

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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Brianna Biasella 239-634-0935,

    RE/MAX Trend,

    Bryan Biasella 330-605-1652,

    RE/MAX Trend

    Bought with:

    Katarina Thornton, 258023988

    Black Diamond Real Estate Grp

    Source: Florida Gulf Coast MLS,MLS#: 224020803MLS LogoOriginating MLS: Florida Gulf Coast

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric
    Features
    • Flooring: Tile
    • Windows: Display Window(s)
    Interior area
    • Total structure area: 2,400
    • Total interior livable area: 2,400 sqft

    Property

    Features
    • Patio & porch: Patio
    • Exterior features: Sprinkler/Irrigation, Patio, Room For Pool
    • On waterfront: Yes
    • Waterfront features: Canal Access, Seawall
    Lot
    • Size: 10,628 Square Feet
    • Dimensions: 85 x 125 x 85 x 125
    • Features: Oversized Lot, Sprinklers Automatic
    Details
    • Lease amount: $0
    • Land lease expiration date: 1717113600000
    • Zoning description: R3-W

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Duplex
    • Property subtype: Duplex, Multi Family
    Materials
    • Block, Concrete, Stucco
    • Roof: Shingle
    Condition
    • Resale
    • Year built: 2018

    Utilities & green energy

    • Sewer: Assessment Paid, Public Sewer
    • Water: Assessment Paid, Public
    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Features: Boat Facilities
    • Condo and coop fee: $0
    • Membership fee: $0
    • Subdivision: CAPE CORAL
    HOA
    • Amenities included: None
    Location
    • Region: Cape Coral

    Financial & listing details

    • Price per square foot: $265/sqft
    • Annual tax amount: $8,767
    • Date on market: 3/3/2024
    • Cumulative days on market: 120 days
    • Listing terms: All Financing Considered,Cash,FHA,VA Loan
    • Tenant pays: Application Fee, Departure Cleaning, Electricity, Pet Deposit, Security, Water
    • Contingency: Third Party Approval
    • Road surface type: Paved

    Price history

    DateEventPrice
    6/26/2024Sold$635,000-2.2%$265/sqft
    Source: Florida Gulf Coast MLS #224020803 Report a problem
    5/20/2024Pending sale$649,000$270/sqft
    Source: SWFLMLS #224020803 Report a problem
    3/3/2024Listed for sale$649,000+18%$270/sqft
    Source: SWFLMLS #224020803 Report a problem
    2/13/2023Sold$550,000-4.3%$229/sqft
    Source: Florida Gulf Coast MLS #222084595 Report a problem
    1/16/2023Pending sale$575,000$240/sqft
    Source: Florida Gulf Coast MLS #222084595 Report a problem
    12/28/2022Price change$575,000-8%$240/sqft
    Source: Florida Gulf Coast MLS #222084595 Report a problem
    12/14/2022Price change$625,000-7.4%$260/sqft
    Source: Florida Gulf Coast MLS #222084595 Report a problem
    12/7/2022Price change$675,000-3.4%$281/sqft
    Source: Florida Gulf Coast MLS #222084595 Report a problem
    11/28/2022Listed for sale$699,000$291/sqft
    Source: Florida Gulf Coast MLS #222084595 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 33914

    Nearby schools

    GreatSchools rating
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    $591,600
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    +$11,832
    With Zillow Showcase(estimated)
    $603,432