405 Tyler Avenue, Cape Canaveral, FL 32920

$1,050,000

Property Type: Residential Income Square Footage: 9,646 Lot Size (sq. ft.): 15,682 Status: Closed

Current Price: $1,050,000 List Date: 11/21/2019 Last Modified: 10/23/2024

Overview

Description

The Sunset Apartments is a 17 unit multifamily property consisting of 5- Efficiencies, 8-1 bedrooms, 3-2 bedrooms, and 1-3 bedroom. Currently rented on long term leases. Excellent rental income with future rent increases possible. Generate additional income by installing laundry machines in dedicated laundry room (already includes water and electric). Located approximately one block from the Public Beach. May be combined with Duplex next door to own entire corner for an additional $250,000

Listing Details MLS# 861456

General Property Information

Number Of Units Total: 17
Living Area: 7980
Living Area Source: Public Records
Building Area Total: 9646
Year Built: 1955
Garage YN: No
Carport YN: No
Lot Size Acres: 0.36
Lot Size Square Feet: 15682
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Pool Private YN: No
List Price/SqFt: 150.38
Sold Price/SqFt: 131.58
Garage Spaces: 0
Carport Spaces: 0

Property Features

Appliances: Electric Range; Refrigerator Association Amenities: Management - Off Site Construction Materials: Block; Concrete Cooling: Wall/Window Unit(s) Financial Data Source: Owner Flooring: Laminate; Tile Listing Terms: Cash; Conventional Lot Features: Corner Lot Owner Pays: Electricity; Exterior Maintenance; Grounds Care; Insurance; Other Tax; Repairs; Sewer; Taxes; Telephone; Trash Collection; Water Pool Features: None Possession: Close Of Escrow Roof: Membrane; Tar/Gravel Special Listing Conditions: Standard Utilities: Cable Available; Sewer Connected; Water Available Water Source: Public Showing Considerations: Occupied Showing Requirements: Appointment Only; Call Listing Office; No Sign

Contract Information

Original List Price: 1200000
Listing Contract Date: 2019-11-21
Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 405
Street Name: Tyler
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32920
MLS Area Major: 271 - Cape Canaveral

Remarks and Miscellaneous

Public Remarks: The Sunset Apartments is a 17 unit multifamily property consisting of 5- Efficiencies, 8-1 bedrooms, 3-2 bedrooms, and 1-3 bedroom. Currently rented on long term leases. Excellent rental income with future rent increases possible. Generate additional income by installing laundry machines in dedicated laundry room (already includes water and electric). Located approximately one block from the Public Beach. May be combined with Duplex next door to own entire corner for an additional $250,000

Status Change Information

Major Change Timestamp: 2020-04-17T15:44:17Z
Major Change Type: Status Change
Status Change Timestamp: 2020-04-17
Purchase Contract Date: 2020-04-09
Close Date: 2020-04-17
Close Price: 1050000

More Information

Closing Company Details

Closing Company Name: PCS Title Inc Orlando

Income and Expenses

Gross Scheduled Income: 130000
Net Operating Income: 80000
Operating Expense: 50000
Gross Income: 0

Legal Details

Plat Book #: 3
Plat Book Page: 7

Historical Information

Public Historical Remarks 3: Expenses Include-Supplies: Y, Expenses Include-License Permits: Y, Style-Other - Call Agent: Y, Equipment/Appliances-Range: Y, Number of Buildings: 1 Building

Location, Tax, and Legal

Tax Account: 2434104
Parcel Number: 24-37-23-Cg-00044.0-0002.00
General County Location: Central
Elementary School: Cape View
Middle School: Cocoa Beach
High School: Cocoa Beach
Tax Annual Amount: 6887.4
Tax Year: 2018
Tax Legal Description: AVON BY THE SEA LOTS 2,3 & W 25 FT OF LOT 4 BLK 44
Directions: 528 east to A1A South, turn east on Tyler ave follow to #405

Appliances

Electric Range: Yes
Refrigerator: Yes

Association Amenities

Management - Off Site: Yes

Construction Materials

Block: Yes
Concrete: Yes

Cooling

Wall/Window Unit(s): Yes

Flooring

Laminate: Yes
Tile: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Corner Lot: Yes

Pool Features

None: Yes

Possession

Close Of Escrow: Yes

Financial Data Source

Owner: Yes

Owner Pays

Electricity: Yes
Exterior Maintenance: Yes
Grounds Care: Yes
Insurance: Yes
Other Tax: Yes
Repairs: Yes
Sewer: Yes
Taxes: Yes
Telephone: Yes
Trash Collection: Yes
Water: Yes

Roof

Membrane: Yes
Tar/Gravel: Yes

Special Listing Conditions

Standard: Yes

Utilities

Cable Available: Yes
Sewer Connected: Yes
Water Available: Yes

Water Source

Public: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Office: Yes
No Sign: Yes

Showing Considerations

Occupied: Yes

Listing Office: Select Realty of Florida LLC

Last Updated: October - 23 - 2024

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