$1,050,000
Cape Canaveral, FL 32920
MLS# 1014215
Status: Closed
5 baths | 5092 sqft
1 / 62
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
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 Units Total: 5
Stories Total: 2
Building Area Total: 5092
Lot Size Acres: 0.23
Water Body Access YN: No
List Price/SqFt: 251.18
Sold Price/SqFt: 206.21
Bathrooms Total: 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.
Construction Materials
Block: 1
Frame: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Current Use
Multi-Family: 1
Fencing
Back Yard: 1
Flooring
Laminate: 1
Tile: 1
Heating
Central: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Cleared: 1
Few Trees: 1
Parking Features
Parking Lot: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Unit 1 Details
Unit ID: 1
Annual Rent: 25200
Unit SqFt: 1100
# Units (This Type): 2
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: buyer to verify square footage
Unit 2 Details
Unit ID: 2
Annual Rent: 25200
Unit SqFt: 1100
# Units (This Type): 2
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: buyer to verify square footage
Unit 3 Details
Unit ID: 3
Annual Rent: 21600
Unit SqFt: 1000
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: buyer to verify square footage
Unit 4 Details
Unit ID: 4
Annual Rent: 21600
Unit SqFt: 1200
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: buyer to verify square footage
Unit 5 Details
Unit ID: 5
Annual Rent: 21600
Unit SqFt: 1000
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: buyer to verify square footage 2
Utilities
Cable Available: 1
Electricity Connected: 1
Separate Electric Meters: 1
Sewer Available: 1
Water Connected: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Building Features
Laundry: 1
Existing Lease Type
Other: 1
Sale Includes
Building & Land: 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
Status Change Information
Major Change Timestamp: 2024-07-23T18:11:14Z
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
Building Features: Laundry
Construction Materials: Block; Frame
Cooling: Ceiling Fan(s); Central Air
Current Use: Multi-Family
Existing Lease Type: Other
Fencing: Back Yard
Flooring: Laminate; Tile
Heating: Central
Listing Terms: Cash; Conventional
Lot Features: Cleared; Few Trees
Parking Features: Parking Lot
Possession: Close Of Escrow
Road Frontage Type: City Street
Roof: Shingle
Sale Includes: Building & Land
Sewer: Public Sewer
Showing Requirements: Appointment Only; Call Listing Agent
Utilities: Cable Available; Electricity Connected; Separate Electric Meters; Sewer Available; Water Connected
Water Source: Public
Listing Office: aReal Estate Service Team
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.