1318-1322 SE 40th Ter - Apartments FOR SALE


Cape Coral, FL 33904- Caloosahatchee
$1,695,000 USD
239-278-4945
1318-1322 SE 40th Ter, Cape Coral, FL for Sale
$1,695,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

1318-1322 SE 40th Ter
Cape Coral, FL 33904
Caloosahatchee


OVERVIEW

Located at 1318 SE 40th Terrace, this property sits in the heart of Southeast Cape Coral, one of the city’s most established and desirable residential and multifamily submarkets. The area is known for its strong neighborhood appeal, mature landscaping, and proximity to everyday amenities, making it attractive to both long-term residents and renters. Nearby Del Prado Boulevard South serves as a primary commercial corridor, offering convenient access to shopping, dining, medical services, and employment centers. The location provides excellent connectivity to the broader Southwest Florida region, with quick access to Fort Myers via the Cape Coral Bridge and close proximity to schools, parks, and waterfront recreation. Strong area demographics, consistent rental demand, and limited new multifamily supply in the immediate vicinity further support the long-term stability and investment appeal of this Southeast Cape Coral address.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$145 USD /SF

# OF UNITS

8

PRICE/UNIT

$211,875

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gemini Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,998 SF

ZONING

RML (City of Cape Coral)

APN/PARCEL ID

07-45-24-C2-00313.0090,07-45-24-C2-0270B.0040,07-45-24-C2-0270B.0050

ASK ABOUT THIS PROPERTY

Chase Mayhugh, SIOR, CCIMMayhugh Commercial AdvisorsMore Info
239-278-4945

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Chase Mayhugh, SIOR, CCIMMayhugh Commercial AdvisorsMore Info
239-278-4945

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.