$1,279,000 Price Analysis    ♡   Cape Canaveral, FL 32920 7 bed 5 bath 5,092 SqFt ($251/SqFt) 0.23 acre lot. Built 1965 Listed 2024-03-08, Taxes $6,637 | Ⓧ Possibly USDA Ineligible due to property condition near Cape Canaveral |
Beachside turnkey Fiveplex with 5 large fully remodeled units
5, 092 sqft of living area and 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 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 electrcal panels, front parking area was recently repaved.Each unit i s individually metered with 5 Florida Power andLight (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.
Presented by Aly Hernandez at
aReal Estate Service Team.
Property MLS #1007284 from SpaceCoast
Full Bathrooms: 5
Dryer
Electric Range
Electric Water Heater
Microwave
Refrigerator
Washer
Heating Features: Central
Heating: Yes
Fencing: Back Yard
Road Surface Type: Asphalt
Lot Size Square Feet: 10019
High School: Cocoa Beach
Map directions Map directions Map directionsSource Listing Status: Active
County: Brevard
Current Use: Multi-Family
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.
Tax Year: 2023
Source Property Type: Residential Income
Area: 271 - Cape Canaveral
MLS Area Minor: 271 - Cape Canaveral
Source Neighborhood: Cape Canaveral Beach Gdns Unit 2
Owner Pays: Common Area Maintenance, Exterior Maintenance, Pest Control, Repairs, Taxes, Trash Collection, Water
Parcel Number: 24-37-14-51-00003.0-0002.01
Subdivision: Cape Canaveral Beach Gdns Unit 2
Property Subtype: Multi Family
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $325,110 + $160,000 $485,110 | $6,637 |
| 2021 | $unknown + $unknown $409,480 | $5,987 |
| 2020 | $237,260 + $135,000 $372,260 | $5,588 |
| 2019 | $360,000 + $unknown $360,000 | $5,567 |
| 2018 | $360,000 + $unknown $360,000 | $5,681 |
| 2017 | $340,000 + $unknown $340,000 | $5,508 |
| 2016 | $300,000 + $unknown $300,000 | $5,012 |
| 2015 | $207,500 + $57,500 $265,000 | $4,689 |
| 2014 | $unknown + $unknown $247,500 | $4,507 |
| 2013 | $unknown + $unknown $225,000 | $4,262 |
| 2012 | $unknown + $unknown $215,000 | $3,967 |
| 2011 | $unknown + $unknown $225,000 | $4,156 |
| 2010 | $unknown + $unknown $282,000 | $4,907 |
| 2009 | $unknown + $unknown $315,000 | $4,953 |
| 2008 | $unknown + $unknown $380,000 | $6,024 |
| 2007 | $unknown + $unknown $414,000 | $6,368 |
$0
SpaceCoast
Listing removed 2024-04-29
$0
SpaceCoast
Price Changed for rent 2024-04-26
$1,650
SpaceCoast
Price Changed for rent 2024-04-26
$1,700
SpaceCoast
Price Changed for rent 2024-04-09
$1,750
SpaceCoast
Price Changed for rent 2024-04-09
$1,800
SpaceCoast
Listed 2024-03-08
$1,279,000
SpaceCoast
Listed for rent 2024-03-04
$1,900
SpaceCoast
Price Changed for rent 2024-02-27
$1,850
SpaceCoast
Listed for rent 2024-02-13
$1,900
SpaceCoast
Sold 2023-12-06
$800,000
SpaceCoast
Sold 1977-11-01
$40,000
Public Record
Sold 1973-08-01
$618,000
Public Record
Year Built: 1965
Construction Materials: Block, Concrete, Stucco
Property Age: 59
Roof: Shingle
Electricity Available
Electricity Connected
Sewer Available
Sewer Connected
Water Available
Water Connected
Separate Electric Meters
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.