$800,000
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8110 Canaveral BLVD Cape Canaveral, FL 32920
5,092 SqFt
Key Details
Sold Price $800,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,092 sqft
Price per Sqft $157
Subdivision Cape Canaveral Beach Gdns Unit 2
MLS Listing ID 966532
Sold Date 12/06/23
HOA Y/N No
Total Fin. Sqft 5092
Originating Board Space Coast MLS (Space Coast Association of REALTORS®)
Year Built 1965
Annual Tax Amount $6,637
Tax Year 2022
Lot Size 10,019 Sqft
Acres 0.23
Property Description
NO RENTAL RESTRICTIONS on this 5 unit property a short walk to the beach, C-1 Zoning! Nightly rentals OK! Priced to sell! Five Unit 5092 sq. ft. Block Construction apartment complex consisting of 2 Two Bedrooms / 1 Bath units and 3 One Bedroom / 1 Bath units. LOCATION ~ Close proximity to Major Employers (Space, Defense, Tourism). Short walk to the Beach and a short distance to major roadways (528, 520 and A1A) and International Airports. Currently 100% OCCUPANCY with a high historical occupancy rate. PROPERTY CONDITION ~ Property is in great shape and inspection reports for each unit are available. Newer roof (2018). 2 units have nicely updated kitchens/bathrooms. Cash or 1031 only. Drive-bys allowed, but do not step onto the property & do not disturb the tenants. Potential 10 cap.... with a few updates! 2018 Asphalt shingle roof. Newer Electrical GE panels throughout. Ability to achieve over a 7% CAP rate (RENTING LONG TERM) by bringing rents up to market levels with little capital infusion required. Some Units with updated HVAC systems. Access to the property will be granted during due diligence period.
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
Cooling Central Air
Flooring Carpet, Laminate, Tile
Appliance Electric Range, Microwave, Refrigerator
Exterior
Exterior Feature ExteriorFeatures
Pool None
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Available
Waterfront No
Roof Type Shingle
Street Surface Paved
Garage No
Building
Water Public
Level or Stories Two
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
Listing Terms Cash
Special Listing Condition Standard
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Bought with EXP Realty LLC