$3,550,000
Cape Canaveral, FL 32920
MLS# 975082
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Property Description
This boutique 9-unit apartment building, located a mere 1 1/2 blocks from the beach, offers an unparalleled opportunity for developers seeking the perfect value-add scenario. Nestled just a stone's throw away from the pristine shores of Cape Canaveral, the Blue Coast Apartments stand as a testament to coastal living at its finest. With a construction of concrete block, both in its inner-walls and structure, the Blue Coast Apartments exude durability and timeless charm. Residents here enjoy the comfort of central air conditioning, A+ walkability, ensuring that coastal living remains a breeze year-round. But what truly sets this property apart is the exclusive opportunity it presents for developers.
Details
Maps
Contract Information
Current Price: $3,550,000
Original List Price: 3600000
List Price: $3,550,000
Status: Active
Listing Contract Date: 2023-09-13
Property Sub Type: Multi Family
Location, Tax, and Legal
Street Number: 418
Street Name: Adams
Street Suffix: Avenue
Tax Account: 2433309
Parcel Number: 24-37-23-Cg-00004.0-0013.00
County: Brevard
State: FL
Postal Code: 32920
MLS Area Major: 271 - Cape Canaveral
General County Location: North
Subdivision Name: Avon By The Sea
Tax Annual Amount: 11086.9
Tax Year: 2022
Tax Legal Description: AVON BY THE SEA LOTS 13,14 BLK 4
Directions: Located just 1 1/2 blocks from the beach Adams Ave. in Cape Canaveral
General Property Information
Number Of Units Total: 9
Stories Total: 2
Building Area Total: 6864
Year Built: 1966
Lot Size Acres: 0.29
Property Use: C-LOW RISE APARTMENTS - 2 OR 3 STORIES - 10 TO 49 UNITS (0353)
Use Code: 03 / MULTI-FAMILY 10 OR MORE
List Price/SqFt: 517.19
Remarks and Miscellaneous
Public Remarks: This boutique 9-unit apartment building, located a mere 1 1/2 blocks from the beach, offers an unparalleled opportunity for developers seeking the perfect value-add scenario. Nestled just a stone's throw away from the pristine shores of Cape Canaveral, the Blue Coast Apartments stand as a testament to coastal living at its finest. With a construction of concrete block, both in its inner-walls and structure, the Blue Coast Apartments exude durability and timeless charm. Residents here enjoy the comfort of central air conditioning, A+ walkability, ensuring that coastal living remains a breeze year-round. But what truly sets this property apart is the exclusive opportunity it presents for developers.
Status Change Information
Major Change Timestamp: 2024-03-07T15:37:25Z
Major Change Type: Price Reduced
Price Change Timestamp: 2024-03-07T15:37:25Z
Status Change Timestamp: 2023-09-13
Building Features
Clear Ceiling Height: 6864
Income and Expenses
Gross Income: 199800
Gross Scheduled Income: 135000
Historical Information
Public Historical Remarks 1: Current Zoning: medium density, Site Description-Natural State: Y
Public Historical Remarks 3: Frontage Description: City Road, Legal/Misc-Home Warranty: No
Property Features
Construction Materials: Brick; Concrete
Cooling: Ceiling Fan(s); Central Air; Central Building
Flooring: Terrazzo; Tile
Heating: Central
Listing Terms: Cash; Conventional; Lease Option
Location: Beach Area
Possession: Close Of Escrow
Roof: Rolled/Hot Mop
Sale Includes: Building & Land
Security Features: Firewall(s); Smoke Detector(s)
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Call Listing Agent
Water Source: Public
Supplements
With a vision to renovate and elevate, the Blue Coast Apartments invite those with foresight to bring these gems up to market value. Picture it - modern finishes, sleek amenities, and a fresh coastal aesthetic. As the sun dips below the horizon, the private courtyard becomes a tranquil haven for residents, offering a serene retreat amidst the vibrant beach community. The Blue Coast Apartments are more than just a building; they're a canvas for a developer's imagination. A canvas that, when brought to life, promises not only a sound investment but also a piece of Cape Canaveral's coastal dream. This is the chance to transform an already exceptional location into a true masterpiece of coastal living. Show by appointment only.
Listing Office: One Sotheby's International
Last Updated: March - 07 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of Space Coast MLS as well as Florida Realtors® MLS Advantage Participants and Particpants in the Coast2Coast datashare.