$1,050,000
$1,279,000
17.9%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
5 Baths
5,092 SqFt
SOLD DATE : 07/19/2024
Key Details
Sold Price $1,050,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,092 sqft
Price per Sqft $206
Subdivision Cape Canaveral Beach Gdns Unit 2
MLS Listing ID 1007284
Sold Date 07/19/24
Bedrooms 7
Full Baths 5
HOA Y/N No
Total Fin. Sqft 5092
Originating Board Space Coast MLS (Space Coast Association of REALTORS®)
Year Built 1965
Annual Tax Amount $8,365
Tax Year 2023
Lot Size 10,019 Sqft
Acres 0.23
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.
Location
State FL
County Brevard
Area 271 - Cape Canaveral
Direction 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.
Interior
Heating Central
Cooling Central Air
Flooring Laminate, Tile
Furnishings Unfurnished
Appliance Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Laundry Common Area, Electric Dryer Hookup, Lower Level
Exterior
Exterior Feature Courtyard
Garage Shared Driveway, Unassigned
Fence Back Yard
Pool None
Utilities Available Cable Available, Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected, Separate Electric Meters
Waterfront No
View Other
Roof Type Shingle
Present Use Multi-Family
Street Surface Asphalt
Road Frontage City Street
Garage No
Building
Lot Description Other
Faces North
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Cape View
High Schools Cocoa Beach
Others
Senior Community No
Tax ID 24-37-14-51-00003.0-0002.01
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with Compass Florida LLC
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