311 Harrison Avenue, Cape Canaveral, FL 32920

$3,300,000

Property Type: Residential Income Square Footage: 8,268 Lot Size (sq. ft.): 10,454 Status: Closed

Current Price: $3,300,000 List Date: 6/15/2021 Last Modified: 10/23/2024

Overview

Description

THIS OFFERING INCLUDES: a 20-efficiency apartment building, rented on a weekly or monthly basis, with most tenants paying in cash every Friday. A Duplex with two, 2/1 units. The Sandpiper Apartments property is offered at an honest 6.25% CAP with beachside Cape Canaveral appreciation. An extremely cost efficient management and maintenance team is on-site and wants to stay. Property includes an office for the onsite manager, plenty of parking, and a laundry room with coin operated washer/dyers. Close to beaches, the port, and Orlando airport and attractions.

Listing Details MLS# 907787

General Property Information

Number Of Units Total: 23
Living Area: 8268
Living Area Source: Public Records
Building Area Total: 8268
Year Built: 1959
Garage YN: No
Carport YN: No
Parking Total: 20
Lot Size Acres: 0.66
Lot Size Square Feet: 10454
Association YN: No
Use Code: 03 / GARDEN APARTMEN
Water Body Access YN: No
Waterfront YN: No
Pool Private YN: No
List Price/SqFt: 459.6
Sold Price/SqFt: 399.13
Garage Spaces: 0
Carport Spaces: 0

Property Features

Appliances: Other Construction Materials: Block; Concrete; Frame; Stucco; Wood Siding Flooring: Laminate; Tile; Vinyl Levels: One Listing Terms: Cash; Conventional Owner Pays: Cable TV; Electricity; Exterior Maintenance; Grounds Care; Insurance; Janitorial Service; Management; Repairs; Security; Trash Collection; Other Parking Features: Other Pool Features: None Roof: Shingle Special Listing Conditions: Standard Utilities: Electricity Connected; Water Available Water Source: Public Showing Requirements: Appointment Only

Contract Information

Original List Price: 4499900
Listing Contract Date: 2021-06-15
Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 311
Street Name: Harrison
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32920
MLS Area Major: 271 - Cape Canaveral

Remarks and Miscellaneous

Public Remarks: THIS OFFERING INCLUDES: a 20-efficiency apartment building, rented on a weekly or monthly basis, with most tenants paying in cash every Friday. A Duplex with two, 2/1 units. The Sandpiper Apartments property is offered at an honest 6.25% CAP with beachside Cape Canaveral appreciation. An extremely cost efficient management and maintenance team is on-site and wants to stay. Property includes an office for the onsite manager, plenty of parking, and a laundry room with coin operated washer/dyers. Close to beaches, the port, and Orlando airport and attractions.

Status Change Information

Major Change Timestamp: 2023-11-11T03:49:35Z
Major Change Type: Price Reduced
Price Change Timestamp: 2021-10-19T14:21:45Z
Status Change Timestamp: 2022-05-02
Purchase Contract Date: 2022-03-31
Close Date: 2022-04-29
Close Price: 3300000

More Information

Closing Company Details

Closing Company Address: Bella Title

Income and Expenses

Gross Scheduled Income: 348000
Net Operating Income: 236950
Operating Expense: 94030

Historical Information

Public Historical Remarks 3: Possible Financing-Holding 1st: Y, Possible Financing-1031 Exchange: Y, Style-Efficiency/Studio: Y, Roof-Rolled Comp: Y, Number of Buildings: 3 Buildings

Location, Tax, and Legal

Tax Account: 2433955
Parcel Number: 24-37-23-Cg-00038.0-0007.01
General County Location: Central
Elementary School: Cape View
Middle School: Cocoa Beach
High School: Cocoa Beach
Tax Annual Amount: 6663.73
Tax Year: 2020
Tax Legal Description: AVON BY THE SEA LOT 8 & E 35 FT OF LOT 7 BLK 38
Directions: From 528E, continue on Florida A1As, turn left onto Harrison Ave

Appliances

Other: Yes

Construction Materials

Block: Yes
Concrete: Yes
Frame: Yes
Stucco: Yes
Wood Siding: Yes

Flooring

Laminate: Yes
Tile: Yes
Vinyl: Yes

Levels

One: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

Other: Yes

Pool Features

None: Yes

Owner Pays

Cable TV: Yes
Electricity: Yes
Exterior Maintenance: Yes
Grounds Care: Yes
Insurance: Yes
Janitorial Service: Yes
Management: Yes
Repairs: Yes
Security: Yes
Trash Collection: Yes
Other: Yes

Roof

Shingle: Yes

Special Listing Conditions

Standard: Yes

Utilities

Electricity Connected: Yes
Water Available: Yes

Water Source

Public: Yes

Showing Requirements

Appointment Only: Yes

Listing Office: EXP Realty, LLC

Last Updated: October - 23 - 2024

Information is deemed to be reliable, but is not guaranteed.