NOT LISTED FOR SALE

429 SW 47th Terrace Unit 1-4 Cape Coral, FL 33914

Pelican Neighborhood
8 Beds
8 Baths
-- Sq Ft
10,019 Sq Ft Lot

Last Sold December 23, 2022

Last sale price $1,485,000

70 Days on Market

Highlights

  • Home fronts a canal
  • High Impact Windows
  • Central Heating and Cooling System
  • Cape Elementary School Rated A-
  • Concrete Block With Brick
  • Ceiling Fan

About This Home

As of December 2022

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. 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.

Last Agent to Sell the Property

Josiah Tripp

Next Home Coast 2 Coast License #BEAR-3490894 Listed on: 08/25/2022

Last Buyer's Agent

Terry Duffy

The Landmark Group SWFL LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,999

Year Built

  • Built in 1984

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions: 80
  • Home fronts a canal

Home Design

  • Quadruplex
  • Concrete Block With Brick
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Laminate Flooring
  • High Impact Windows

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Outdoor Features

  • Fixed Bridges
  • Seawall

Utilities

  • Central Heating and Cooling System
  • Sewer Assessments
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for application fee, cable, full electric, full telephone, internet access, security, sewer, water
  • Assessor Parcel Number 11-45-23-C4-01705.0150
  • Tax Block 1705

Community Details

Overview

  • 4 Units
  • Cape Coral Condos
  • Cape Coral Community

Recreation

  • Gulf Boat Access

Pet Policy

  • Pets Allowed

Building Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,999

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Legal Description: CAPE CORAL UNIT 44 BLK 1705 PB 21 PG 106 LOTS 15 + 16
  • Property Type: Residential Income
  • Table: Residential Income
  • Street View Param: 1$26.563951$-81.98446$304.38$13.33$1.00$Kne9O4DCnkL6XMa1QScWIg
  • Building Design: Quadraplex
  • Building Description: 2 Story
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 8
  • Total Bathrooms: 8.00
  • Total Bedrooms: 8
  • Flooring: Laminate
  • Windows: Impact Resistant

Exterior Features

  • Gulf Access: Yes
  • Private Pool: No
  • Private Spa: No
  • Roof: Shingle
  • Canal Width: 81-120
  • Construction: Concrete Block
  • Gulf Access Type: Bridge(s)/Water Indirect
  • Road: Public Road
  • Exterior Finish: Stucco
  • Waterfront Type: Canal, Seawall

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Sewer: Assessment Paid, Central
  • Water: Assessment Paid, Central

Association/Amenities

  • Pets: No Approval Needed
  • Development: Cape Coral
  • Community Type: Non-Gated
  • Units In Building: 4

Condo/Co-op/Association

  • Sub Condo Name: CAPE CORAL
  • Development Name: CAPE CORAL

Lot Info

  • Section: 11
  • Waterfront: Yes
  • Zoning Code: R3-W
  • Acres: 0.2300
  • Lot Description: Regular
  • Lot Dimensions: 80 X 125
  • Parcel Number: 11-45-23-C4-01705.0150

Rental Info

  • Tenant Pays: Application Fee, Cable, Full Electric, Full Telephone, Internet Access, Security, Sewer, Water

Tax Info

  • Tax Description: City And County
  • Taxes: 7998.52
  • Tax Year: 2021

Multi Family

  • Gross Rental Income: 120000.00
  • Annual Expenses: 10000.00
  • Annual Net Operating Income: 120000.00

Range of Values:

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List Price
Sold Price
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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 List to Sale Price per Sq Ft
12/23/2022 12/23/22 Sold $1,485,000 +74.7% --
11/03/2022 11/03/22 Pending -- -- --
10/23/2022 10/23/22 For Sale $850,000 0.0% --
09/14/2022 09/14/22 Pending -- -- --
08/25/2022 08/25/22 For Sale $850,000 -- --
Source: Multiple Listing Service of Bonita Springs-Estero

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Josiah Tripp

    Next Home Coast 2 Coast

    (386) 538-0973

    3 in this area

    111 Total Sales

    Josiah Tripp
    Section Image
  • Terry Duffy

    Buyer's Agent in 2022

    Terry Duffy

    The Landmark Group SWFL LLC

    (239) 728-4990

    10 in this area

    104 Total Sales

    Terry Duffy
    Section Image
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Map

Source: Multiple Listing Service of Bonita Springs-Estero

MLS Number: 222063225

Multiple Listing Service of Bonita Springs-Estero
Florida Lee County Cape Coral 33914 Pelican

429 SW 47th Terrace Unit 1-4, Cape Coral, FL

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