128 SE 12th Ter #1-4, Cape Coral, FL 33990 - Photo 1

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$899,900

For Sale
Active
Multi-Family
4 Units
0.386 Acres

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Property Description

HUGE PRICE IMPROVEMENT - GREAT INVESTMENT OPPORTUNITY! Owner wants to move on to bigger things! This well maintained 4-Plex has garages and in-ground pool; it is located in the heart of Cape Coral - all units have been re-piped; all new electrical panels; all new/newer AC units and hot water tanks. The units feature carpet, tile and most have been recently painted. Most appliances are newer. Roof was replaced after Ian (no flood damage) as well as decking; all new storm doors and shutters for windows were added. 3 of the garages are used by tenants and 1 garage is used for "tenant and owner" storage. This building has been consistently maintained and serviced. Owner pays water however the units are metered for easy conversion. The pool was resurfaced in 2022 and a new pool pump purchased in March of 2022. All tenants have lived there minimum of 4-5 years and have established a nice community. Showings will be granted with pre-approval or POF; Serious inquiries only! *** DO NOT APPROACH BUILDING - DO NOT APPROACH TENANTS ***

Full Property Details

Full Property Details for 128 SE 12th Terrace #1-4

General

Price: $899,900
Taxes: $11,063 (2023)
Status: Active
Type: Multi-Family
Source: Bonita_Springs
MLS ID: 224045386
Updated: 1/2/2025
Added to Site: 256 day(s) ago

Interior

Flooring: Carpet, Tile

Rooms

Bathrooms

Total Bathrooms: 6
Full Bathrooms: 6

Bedrooms

Total Bedrooms: 7

Additional Information

Shared Amenities: Non-Gated
Pool: Yes
Private Pool: Yes
Pool Description: In Ground, Concrete, Screen Enclosure, See Remarks

Exterior

Exterior Features: Storage
Porch/Patio/Deck: Deck, Patio

Location

Area: CC14 - Cape Coral Unit 16, 18, 22-
County: Lee
Subdivision: CAPE CORAL
Building Name: CAPE CORAL
Driving Directions: SE Cape Coral - just SE of Santa Barbara and Nicholas Pkwy.

Community

Units Assoc/Comm: 4
Pets Allowed: Yes

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Ceiling Fan(s), Central Electric
Heating Type: Central Electric

Utilities

Sewer: Assessment Paid, Central
Water: Assessment Paid, Central
Cable Available: Yes
Utility Description: Cable Available

Structural Information

Architectural Style: See Remarks
Description/Design: Quadruplex
Exterior Const.: Wood Frame, Vinyl Siding
Roof: Shingle
Windows: Single Hung, Sliding
Stories/Levels: 2
Year Built: 1988

Lot Features

Lot Size (Acres): 0.386
Lot Size (Sq. Ft.): 16,814
Lot Size Source: Property Appraiser Office
Lot Dimensions: 141 x 141 x 120 x 120
Frontage: Public Road
Frontage Feet: 141
Street/Road Desc.: Paved
Fence: Yes
Irrigation System: Assessment Paid, Central
Lot Features: 3 Lots, Oversize
Zoning: R3-D
Lot Description: 3 Lots, Oversize
Fencing (Description): Fenced

Water Features

Water Front Desc.: None
Canal Width: None

Financial Considerations

Operating Expenses: $18,763
Tax Amount: $11,063
Tax Year: 2023
Terms: Buyer Finance/Cash
Tenant Pays: Application Fee, Cable TV, Electricity, Telephone, Internet Access

Disclosures and Reports

Multiple Parcels: Yes
Legal Description: CAPE CORAL UNIT 24 BLK 1023 PB 14 PG 65 LOTS 13 14 + 15
Property ID: 24-44-23-C4-01023.0130
Section: 24
Block: 23

Listed by Royal Shell Real Estate, Inc.

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— 128 SE 12th Terrace #1-4 —

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Schools

Schools serving 128 SE 12th Terrace #1-4

School District:Lee County School District

Name	Grades	Distance
Patriot Elementary School 711 Sw 18th St, Cape Coral, FL 33991	PK-5	1.2 mi
Skyline Elementary School 620 Sw 19th St, Cape Coral, FL 33991	PK-5	1.3 mi
Hector A. Cafferata Jr Elementary School 250 Santa Barbara Blvd N, Cape Coral, FL 33993	K-5	1.9 mi
Challenger Middle School 624 Sw Trafalgar Pkwy, Cape Coral, FL 33991	6-8	1.1 mi
Caloosa Middle School 610 Del Prado Blvd S, Cape Coral, FL 33990	6-8	2.1 mi
Trafalgar Middle School 2120 Sw Trafalgar Pkwy, Cape Coral, FL 33991	6-8	2.8 mi
Cape Coral High School 2300 Santa Barbara Blvd, Cape Coral, FL 33991	9-12	1.4 mi
Mariner High School 701 Chiquita Blvd N, Cape Coral, FL 33993	9-12	3.2 mi
Ida S. Baker High School 3500 Agualinda Blvd, Cape Coral, FL 33914	9-12	4 mi

Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 128 SE 12th Terrace #1-4 Get Price Alerts and Save Property

Date

Details

Price

Change

Source

11/04/2024

Price Reduced

$899,900

-10%

MLS

5/25/2024

Listed

$999,900

149.98%

MLS

7/31/2017

Sold

$400,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 128 SE 12th Terrace #1-4

Year

Property Taxes

Change

Tax Assessment

Change

2024

$11,734

$669,633

2023

$11,063

22%

$653,314

48%

2021

$9,032

-9%

$442,336

-26%

2022

$9,919

10%

$593,937

48%

2021

$9,032

12%

$402,137

13%

2019

$8,042

10%

$356,166

10%

2018

$7,333

19%

$323,787

-1%

2017

$6,181

11%

$327,845

20%

2016

$5,581

$272,763

15%

2015

$5,149

$237,510

-6%

2014

$4,915

14%

$252,950

15%

2013

$4,317

—

$219,906

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 128 SE 12th Terrace #1-4

128 SE 12th Ter #1-4, Cape Coral, FL 33990 (MLS# 224045386) is a Multi-Family property with 4 units containing 7 bedrooms and 6 full bathrooms. 128 SE 12th Ter #1-4 is currently listed for $899,900 and was received on May 25, 2024. Want to learn more about 128 SE 12th Ter #1-4? Do you have questions about finding other Multi-Family real estate for sale in Cape Coral? You can browse all Cape Coral real estate or contact a Coldwell Banker agent to request more information.

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128 SE 12th Terrace #1-4 Cape Coral, FL 33990