$1,050,000
Cape Canaveral, FL 32920
MLS# 861456
Status: Closed
9646 sqft
1 / 27
Property Description
The Sunset Apartments is a 17 unit multifamily property consisting of 5- Efficiencies, 8-1 bedrooms, 3-2 bedrooms, and 1-3 bedroom. Currently rented on long term leases. Excellent rental income with future rent increases possible. Generate additional income by installing laundry machines in dedicated laundry room (already includes water and electric). Located approximately one block from the Public Beach. May be combined with Duplex next door to own entire corner for an additional $250,000
Details
Maps
Location, Tax, and Legal
Tax Account: 2434104
Parcel Number: 24-37-23-Cg-00044.0-0002.00
General County Location: Central
Elementary School: Cape View
Middle School: Cocoa Beach
High School: Cocoa Beach
Tax Annual Amount: 6887.4
Tax Year: 2018
Tax Legal Description: AVON BY THE SEA LOTS 2,3 & W 25 FT OF LOT 4 BLK 44
Directions: 528 east to A1A South, turn east on Tyler ave follow to #405
General Property Information
Number Of Units Total: 17
Living Area: 7980
Living Area Source: Public Records
Building Area Total: 9646
Lot Size Acres: 0.36
Lot Size Square Feet: 15682
Association YN: No
Garage YN: No
Garage Spaces: 0
Carport YN: No
Carport Spaces: 0
Waterfront YN: No
Water Body Access YN: No
Pool Private YN: No
List Price/SqFt: 150.38
Sold Price/SqFt: 131.58
Year Built: 1955
Remarks and Miscellaneous
Public Remarks: The Sunset Apartments is a 17 unit multifamily property consisting of 5- Efficiencies, 8-1 bedrooms, 3-2 bedrooms, and 1-3 bedroom. Currently rented on long term leases. Excellent rental income with future rent increases possible. Generate additional income by installing laundry machines in dedicated laundry room (already includes water and electric). Located approximately one block from the Public Beach. May be combined with Duplex next door to own entire corner for an additional $250,000
Appliances
Electric Range: 1
Refrigerator: 1
Association Amenities
Management - Off Site: 1
Closing Company Details
Closing Company Name: PCS Title Inc
Orlando
Construction Materials
Block: 1
Concrete: 1
Cooling
Wall/Window Unit(s): 1
Flooring
Laminate: 1
Tile: 1
Legal Details
Plat Book #: 3
Plat Book Page: 7
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Corner Lot: 1
Pool Features
None: 1
Possession
Close Of Escrow: 1
Financial Data Source
Owner: 1
Income and Expenses
Gross Income: 0
Gross Scheduled Income: 130000
Net Operating Income: 80000
Operating Expense: 50000
Owner Pays
Electricity: 1
Exterior Maintenance: 1
Grounds Care: 1
Insurance: 1
Other Tax: 1
Repairs: 1
Sewer: 1
Taxes: 1
Telephone: 1
Trash Collection: 1
Water: 1
Roof
Membrane: 1
Tar/Gravel: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Sewer Connected: 1
Water Available: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Office: 1
No Sign: 1
Showing Considerations
Occupied: 1
Historical Information
Public Historical Remarks 3: Expenses Include-Supplies: Y, Expenses Include-License Permits: Y, Style-Other - Call Agent: Y, Equipment/Appliances-Range: Y, Number of Buildings: 1 Building
Contract Information
Current Price: $1,050,000
Original List Price: 1200000
Sold Price: $1,050,000
Status: Closed
Listing Contract Date: 2019-11-21
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 405
Street Name: Tyler
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32920
MLS Area Major: 271 - Cape Canaveral
Status Change Information
Major Change Timestamp: 2020-04-17T15:44:17Z
Major Change Type: Status Change
Status Change Timestamp: 2020-04-17
Purchase Contract Date: 2020-04-09
Close Date: 2020-04-17
Close Price: 1050000
Property Features
Appliances: Electric Range; Refrigerator
Association Amenities: Management - Off Site
Construction Materials: Block; Concrete
Cooling: Wall/Window Unit(s)
Financial Data Source: Owner
Flooring: Laminate; Tile
Listing Terms: Cash; Conventional
Lot Features: Corner Lot
Owner Pays: Electricity; Exterior Maintenance; Grounds Care; Insurance; Other Tax; Repairs; Sewer; Taxes; Telephone; Trash Collection; Water
Pool Features: None
Possession: Close Of Escrow
Roof: Membrane; Tar/Gravel
Special Listing Conditions: Standard
Utilities: Cable Available; Sewer Connected; Water Available
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: Appointment Only; Call Listing Office; No Sign
Listing Office: Select Realty of Florida LLC
Last Updated: October - 23 - 2024
Information is deemed to be reliable, but is not guaranteed.