$1,050,000
Cape Canaveral, FL 32920
MLS# 1007284
Status: Closed
7 beds | 5 baths
1 / 60
Property Description
Beachside turnkey Fiveplex with 5 large fully remodeled units, 5,092 sqft of living area and just half a mile to the beach. This concrete block porperty has C-1 zoning which allows NIGHTLY rentals. Rare find! Potential annual rental income with long term tenants: $100K-$120K, AirnBnb: $220K-$240K. 2 -2 bedrooms/1 Bath units and 3 -1 Bedroom /1 Bath units, and 2 of these are extremely large and can easily be converted into 2 bed units creating more revenue. Shared income producing laundry area and rear courtyard area. Strategically located just one block from A1A which is full of amenities and dining options, a mere 7-minute drive away to Cocoa Beach Pier, Ron Jon's and other area attractions. Roof 2018, newer electrical panels,front parking area was recently repaved.Each unit is individually metered with 5 Florida Power &Light (FPL) meters, offering convenience and efficiency.With no major repairs left to be performed is ready to became a long term investment property to new owners.
Details
Maps
Location, Tax, and Legal
Tax Account: 2429757
Parcel Number: 24-37-14-51-00003.0-0002.01
General County Location: Central
Elementary School: Cape View
Middle School: Cocoa Beach
High School: Cocoa Beach
Tax Annual Amount: 8365.75
Tax Year: 2023
Tax Legal Description: CAPE CANAVERAL BEACH GDNS UNIT 2 PART OF LOTS 2,3 BLK 3 AS DES IN ORB 718 PG 396
Directions: From 520, go north on A1A, turn right on to N Atlantic Ave. At the light, turn right on to Canaveral Blvd. Property is just past 7-11 on the left.
General Property Information
Number Of Buildings: 1
Number Of Units Total: 5
Bathrooms Half: 0
Living Area: 5092
Living Area Source: Public Records
Lot Size Acres: 0.23
Lot Size Square Feet: 10019
Association YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Waterfront YN: No
Senior Community YN: No
Water Body Access YN: No
Furnished: Unfurnished
Direction Faces: North
Pool Private YN: No
List Price/SqFt: 251.18
Sold Price/SqFt: 206.21
Bedrooms Total: 7
Bathrooms Total: 5
Bathrooms Full: 5
Year Built: 1965
Remarks and Miscellaneous
Public Remarks: Beachside turnkey Fiveplex with 5 large fully remodeled units, 5,092 sqft of living area and just half a mile to the beach. This concrete block porperty has C-1 zoning which allows NIGHTLY rentals. Rare find! Potential annual rental income with long term tenants: $100K-$120K, AirnBnb: $220K-$240K. 2 -2 bedrooms/1 Bath units and 3 -1 Bedroom /1 Bath units, and 2 of these are extremely large and can easily be converted into 2 bed units creating more revenue. Shared income producing laundry area and rear courtyard area. Strategically located just one block from A1A which is full of amenities and dining options, a mere 7-minute drive away to Cocoa Beach Pier, Ron Jon's and other area attractions. Roof 2018, newer electrical panels,front parking area was recently repaved.Each unit is individually metered with 5 Florida Power &Light (FPL) meters, offering convenience and efficiency.With no major repairs left to be performed is ready to became a long term investment property to new owners.
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Electric Water Heater: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Closing Company Details
Closing Company Name: Liberty Title
Closing Company Address: 720 West Ave Cocoa FL 32927
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Cooling
Central Air: 1
Current Use
Multi-Family: 1
Exterior Features
Courtyard: 1
Fencing
Back Yard: 1
Flooring
Laminate: 1
Tile: 1
Heating
Central: 1
Laundry Features
Common Area: 1
Electric Dryer Hookup: 1
Lower Level: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Other: 1
Parking Features
Shared Driveway: 1
Unassigned: 1
Pool Features
None: 1
Owner Pays
Common Area Maintenance: 1
Exterior Maintenance: 1
Pest Control: 1
Repairs: 1
Taxes: 1
Trash Collection: 1
Water: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Unit 1 Details
Unit ID: 1
Actual Rent: 1625
Unit SqFt: 768
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: month to month lease in place
Unit 2 Details
Unit ID: 2
Actual Rent: 0
Unit SqFt: 846
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Potential monthly rental: $2,300 - $2,400
Unit 3 Details
Unit ID: 3
Actual Rent: 0
Unit SqFt: 996
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Potential monthly rental: $1,700 - $1,900
Unit 4 Details
Unit ID: 4
Actual Rent: 0
Unit SqFt: 936
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Potential monthly rental: $1,700 - $1,900
Unit 5 Details
Unit ID: 5
Actual Rent: 1250
Unit SqFt: 759
Beds Total: 1
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: month to month lease in place
Utilities
Cable Available: 1
Electricity Available: 1
Electricity Connected: 1
Separate Electric Meters: 1
Sewer Available: 1
Sewer Connected: 1
Water Available: 1
Water Connected: 1
View
Other: 1
Water Source
Public: 1
Contract Information
Current Price: $1,050,000
Original List Price: 1279000
Sold Price: $1,050,000
Status: Closed
Listing Contract Date: 2024-03-08
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 8110
Street Name: Canaveral
Street Suffix: Boulevard
County: Brevard
State: FL
Postal Code: 32920
MLS Area Major: 271 - Cape Canaveral
Subdivision Name: Cape Canaveral Beach Gdns Unit 2
Status Change Information
Major Change Timestamp: 2024-07-23T18:11:56Z
Major Change Type: Status Change
Status Change Timestamp: 2024-07-23
Purchase Contract Date: 2024-06-19
Close Date: 2024-07-19
Close Price: 1050000
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer
Construction Materials: Block; Concrete; Stucco
Cooling: Central Air
Current Use: Multi-Family
Exterior Features: Courtyard
Fencing: Back Yard
Flooring: Laminate; Tile
Heating: Central
Laundry Features: Common Area; Electric Dryer Hookup; Lower Level
Listing Terms: Cash; Conventional
Lot Features: Other
Owner Pays: Common Area Maintenance; Exterior Maintenance; Pest Control; Repairs; Taxes; Trash Collection; Water
Parking Features: Shared Driveway; Unassigned
Pool Features: None
Road Frontage Type: City Street
Road Surface Type: Asphalt
Roof: Shingle
Sewer: Public Sewer
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity
Utilities: Cable Available; Electricity Available; Electricity Connected; Separate Electric Meters; Sewer Available; Sewer Connected; Water Available; Water Connected
View: Other
Water Source: Public
Listing Office: aReal Estate Service Team
Last Updated: October - 23 - 2024
Information is deemed to be reliable, but is not guaranteed.