$850,000
PENDING

425 SW 47th Terrace Unit 5-8 Cape Coral, FL 33914

Pelican Neighborhood

Estimated payment $5,321/month

Total Views 2,888
8 Beds
8 Baths
1,041 Sq Ft
$817 Price per Sq Ft

Highlights

  • Home fronts a seawall
  • Canal Access
  • Central Heating and Cooling System
  • Cape Elementary School Rated A-
  • Impact Glass
  • Ceiling Fan

About This Home

Incredible opportunity for a GULF ACCESS income producing property. Sellers want to sell both quads as a package 425/429 sw 47th terr. 850k each building.Will not sell seperately, All units are 2 bedroom with 2 bathrooms and water view balconies. MANY Value add opportunities with these units. Financials and rent rolls uploaded to mls.
For showings contact listing agent directly. SERIOUS BUYERS ONLY. Proof of funds needs to accompany offer on FAR BAR AS-IS Contract.

Listing Agent

Josiah Tripp

Next Home Coast 2 Coast Brokerage Email: jtrippinvestments@gmail.com License #3490894 Listed on: 09/14/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,503

Year Built

  • Built in 1996

Lot Details

  • 10,019 Sq Ft Lot
  • Home fronts a seawall
  • Rectangular Lot
  • Sprinkler System

Home Design

  • Quadruplex
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,041 Sq Ft Home
  • Ceiling Fan
  • Laminate Flooring
  • Impact Glass

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Outdoor Features

  • Canal Access

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments

Listing and Financial Details

  • Legal Lot and Block 13 / 1705
  • Assessor Parcel Number 11-45-23-C4-01705.0130

Community Details

Overview

  • Cape Coral Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Building Details

  • Operating Expense $10,000
  • Net Operating Income $120,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,503

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Subdivision Name: CAPE CORAL
  • Architectural Style: Other
  • Structure Type: Quadruplex
  • Year Built: 1996
  • Property Sub Type Additional: Quadruplex
  • Attribution Contact: jtrippinvestments@gmail.com
  • Pets No Pets Comments: ,,,
  • Special Features: None

Interior Features

  • Private Spa: No
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Flooring: Laminate
  • Window Features: Impact Glass

Exterior Features

  • Lot Features: Rectangular Lot, Sprinklers Automatic
  • Pool Private: No
  • Waterfront Features: Canal Access, Seawall
  • Waterfront: Yes
  • Disclosures: Owner Has Flood Insurance
  • Construction Type: Block, Concrete, Stucco
  • Exterior Features: Sprinkler/Irrigation
  • Property Condition: Resale
  • Roof: Shingle

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Assessment Paid, Public Sewer
  • Utilities: Cable Not Available
  • Water Source: Assessment Paid, Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Amenities: None
  • Pets Allowed: Call, Conditional

Lot Info

  • Parcel #: 11-45-23-C4-01705.0130
  • Zoning Description: R3-W
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Application Fee, Cable TV, Electricity, Internet, Security, Sewer, Telephone, Water

Multi Family

  • Number Of Units Total: 1
  • Property Net Operating Income: 120000.0
  • Annual Operating Expense: 10000.0

Tax Info

  • Tax Annual Amount: 9502.74
  • Tax Block: 1705
  • Tax Lot: 13
  • Tax Year: 2021

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2022 12/19/22 Pending -- -- --
09/14/2022 09/14/22 For Sale $850,000 -- $817 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 222063219

Florida Gulf Coast Multiple Listing Service
Florida Lee County Cape Coral 33914 Pelican

425 SW 47th Terrace Unit 5-8, Cape Coral, FL

This home is located at 425 SW 47th Terrace Unit 5-8, Cape Coral, FL 33914 and is currently priced at $850,000, approximately $816 per square foot. This property was built in 1996. 425 SW 47th Terrace Unit 5-8 is a home located in Lee County with nearby schools including Cape Elementary School, Caloosa Elementary School, and Tropic Isles Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Gulf Coast Multiple Listing Service The information is being provided by Southwest Florida Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 Southwest Florida Multiple Listing Service. All Rights Reserved

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Listing Agent
Josiah Tripp
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Next Home Coast 2 Coast
(239) 448-4330