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Gemini Apartments 1318-1322 SE 40th Ter 8 Unit Apartment Building $2,347,982 CAD ($293,498 CAD/Unit) Cape Coral, FL 33904
Investment Highlights
- Day 1 Cash Flow Investment Property
- Pool Area
- Fully Occupied
- Quick Access to Major Roads
Executive Summary
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.
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.
Property Facts
| Price | $2,347,982 CAD | Building Class | C |
| Price Per Unit | $293,498 CAD | Lot Size | 0.47 AC |
| Sale Type | Investment | Building Size | 11,652 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1984 |
| Apartment Style | Low-Rise | Parking Ratio | 1.5/1,000 SF |
| Zoning | RML (City of Cape Coral) - Residential Multi-Family Low | ||
| Price | $2,347,982 CAD |
| Price Per Unit | $293,498 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 11,652 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | RML (City of Cape Coral) - Residential Multi-Family Low |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 8 | - | 1,025 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 07-45-24-C2-00313.0090 | Improvements Assessment | $775,258 CAD |
| Land Assessment | $154,260 CAD | Total Assessment | $1,056,556 CAD |
Property Taxes
Parcel Number
07-45-24-C2-00313.0090
Land Assessment
$154,260 CAD
Improvements Assessment
$775,258 CAD
Total Assessment
$1,056,556 CAD
Contacts
-
Chase Mayhugh, SIOR, CCIM -
Chris Ferritto -
Jhonny Iglesias -
Mayhugh Commercial Advisors
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Gemini Apartments | 1318-1322 SE 40th Ter
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