$5,400,000
Cape Canaveral, FL 32920
MLS# 966752
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Property Description
Excellent Investment opportunity in this 18-unit multifamily income producing property. Perfectly positioned in Cape Canaveral, Cape View Apartments is one lot from direct beach access & walking distance to restaurants, parks, and port Canaveral attractions. This two-story, solid concrete block complex includes seventeen 400 to 600 square foot 1 bedroom, 1 bath rental units w/ ocean views, plus a 2 story, primary suite with panoramic ocean views from every room. Bring your inspiration to design as a renovation will give the opportunity to condo out the property or turn into a boutique luxury apartment complex. Zoned R-3, this .29-acre property can be used for long term or short-term rentals. This is a great investment opportunity with a wide berth of options. Show by appointment only.
Details
Maps
Contract Information
Current Price: $5,400,000
Original List Price: 5950000
List Price: $5,400,000
Status: Active
Listing Contract Date: 2023-06-05
Property Sub Type: Multi Family
Location, Tax, and Legal
Street Number: 630
Street Name: Adams
Street Suffix: Avenue
Tax Account: 2433346
Parcel Number: 24-37-23-Cg-00006.0-0009.00
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: 13460.5
Tax Year: 2022
Tax Legal Description: AVON BY THE SEA LOTS 9,10 BLK 6
Directions: 528 E to Astronaut Blvd., left on Church Lane, right on N. Atalantc, left on Adams Ave.
General Property Information
Number Of Units Total: 18
Stories Total: 2
Building Area Total: 10910
Building Area Source: Other
Year Built: 1962
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
Waterfront YN: No
List Price/SqFt: 494.96
Remarks and Miscellaneous
Public Remarks: Excellent Investment opportunity in this 18-unit multifamily income producing property. Perfectly positioned in Cape Canaveral, Cape View Apartments is one lot from direct beach access & walking distance to restaurants, parks, and port Canaveral attractions. This two-story, solid concrete block complex includes seventeen 400 to 600 square foot 1 bedroom, 1 bath rental units w/ ocean views, plus a 2 story, primary suite with panoramic ocean views from every room. Bring your inspiration to design as a renovation will give the opportunity to condo out the property or turn into a boutique luxury apartment complex. Zoned R-3, this .29-acre property can be used for long term or short-term rentals. This is a great investment opportunity with a wide berth of options. Show by appointment only.
Status Change Information
Major Change Timestamp: 2024-03-07T15:36:27Z
Major Change Type: Price Reduced
Price Change Timestamp: 2024-03-07T15:36:27Z
Status Change Timestamp: 2023-06-05
Building Features
% Air Conditioned or Heated: 10910
Historical Information
Public Historical Remarks 1: Current Zoning: R-3, Sale Option-Other - Call Agent: Y
Public Historical Remarks 3: Frontage Description: City Road, Legal/Misc-Home Warranty: No
Property Features
Ceiling Type: Drywall
Construction Materials: Block; Concrete
Cooling: Wall/Window Unit(s)
Flooring: Tile
Heating: None
Listing Terms: Cash; Conventional; Lease Option
Location: Beach Area
Possession: Close Of Escrow
Roof: Metal; Rolled/Hot Mop
Sale Includes: Building & Land
Security Features: Fire Sprinkler System; Security Lights
Sewer: Public Sewer
Showing Considerations: Occupied
Showing Requirements: Appointment Only
Special Listing Conditions: City Jurisdiction
Water Source: Public
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.