595 Cinnamon Drive, Satellite Beach, FL 32937
New Listing
$1,500,000
Property Type:
Commercial Sale
Baths:
8
Square Footage:
5,550
Lot Size (sq. ft.):
16,553
Status:
Active
Current Price:
$1,500,000
List Date:
5/14/2026
Last Modified:
5/14/2026
Description
8 unit multifamily asset offering immediate income, operational flexibility, and clear upside. All leases are month to month, giving the next owner flexibility to adjust rents, improve terms, renovate strategically, or reposition the asset over time. The unit mix includes five 1 bedroom, 1 bath units and three 2 bedroom, 1 bath units, serving a strong tenant pool and supporting long term rental demand. Major capital items have already been addressed, including a 7 year old roof, newer AC systems, updated electrical, and a recently repaved parking lot. With flexible lease terms, a marketable unit mix, and major updates already completed, this is a strong opportunity to acquire an 8 unit multifamily property with immediate rental income and room to grow.
More Information MLS# 1077379
Contract Information
Comp Sale YN: No
Current Price: $1,500,000
Original List Price: 1500000
List Price: $1,500,000
Status: Active
Listing Contract Date: 2026-05-14
Property Sub Type: Multi Family
Location, Tax, and Legal
Tax Account: 2613412
Parcel Number: 26-37-35-55-0000f.0-0011.00
General County Location: South
Tax Annual Amount: 16224.2
Tax Year: 2025
Tax Legal Description: MICHIGAN BEACH REPLAT OF PART OF 3RD ADD TO LOT 11 & E 60 FT OF LOT 12 BLK F
Directions: Highway A1A N/S to Cinnamon Dr. Turn West on Cinnamon Dr. 2nd to last building on the south side of the street before you arrive at South Patrick Drive
General Property Information
Number Of Units Total: 8
Stories Total: 1
Building Area Total: 5550
Building Area Source: Public Records
Lot Size Acres: 0.38
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Land Lease YN: No
Senior Community YN: No
List Price/SqFt: 270.27
Bathrooms Total: 8
Year Built: 1963
Remarks and Miscellaneous
Public Remarks: 8 unit multifamily asset offering immediate income, operational flexibility, and clear upside. All leases are month to month, giving the next owner flexibility to adjust rents, improve terms, renovate strategically, or reposition the asset over time. The unit mix includes five 1 bedroom, 1 bath units and three 2 bedroom, 1 bath units, serving a strong tenant pool and supporting long term rental demand. Major capital items have already been addressed, including a 7 year old roof, newer AC systems, updated electrical, and a recently repaved parking lot. With flexible lease terms, a marketable unit mix, and major updates already completed, this is a strong opportunity to acquire an 8 unit multifamily property with immediate rental income and room to grow.
Construction Materials
Block: 1
Concrete: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Current Use
Investment: 1
Multi-Family: 1
Fencing
Block: 1
Flooring
Terrazzo: 1
Heating
Central: 1
Electric: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Zero Lot Line: 1
Parking Features
Assigned: 1
Parking Lot: 1
Possession
Close Of Escrow: 1
Income and Expenses
Gross Income: 10350
Owner Pays
Cable TV: 1
Common Area Maintenance: 1
Exterior Maintenance: 1
Grounds Care: 1
Insurance: 1
Repairs: 1
Roof Maintenance: 1
Trash Collection: 1
Water: 1
Road Frontage Type
City Street: 1
Roof
Shingle: 1
Tile: 1
Security Features
Carbon Monoxide Detector(s): 1
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Tenant Pays
Electricity: 1
Insurance: 1
Unit 1 Details
Unit ID: 1
Annual Rent: 13800
Unit SqFt: 650
# Units (This Type): 5
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: 1 Bedroom
Unit 2 Details
Unit ID: 2
Annual Rent: 13800
Unit SqFt: 650
# Units (This Type): 5
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: 1 Bedroom
Unit 3 Details
Unit ID: 3
Annual Rent: 13800
Unit SqFt: 650
# Units (This Type): 5
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: 1 Bedroom
Unit 4 Details
Unit ID: 4
Annual Rent: 13800
Unit SqFt: 650
# Units (This Type): 5
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: 1 Bedroom
Unit 5 Details
Unit ID: 5
Annual Rent: 17400
Unit SqFt: 750
# Units (This Type): 3
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: 2 Bedroom
Unit 6 Details
Unit ID: 6
Annual Rent: 17400
Unit SqFt: 750
# Units (This Type): 3
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: 2 Bedroom
Unit 7 Details
Unit ID: 7
Annual Rent: 18600
Unit SqFt: 750
# Units (This Type): 3
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: 2 Bedroom
Unit 8 Details
Unit ID: 8
Annual Rent: 15600
Unit SqFt: 650
# Units (This Type): 5
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: 1 Bedroom
Utilities
Cable Connected: 1
Electricity Connected: 1
Separate Electric Meters: 1
Separate Water Meters: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Showing Requirements
Lockbox: 1
Building Features
Laundry: 1
Location
Beach Area: 1
Operating Expense Includes
Insurance: 1
Licenses: 1
Maintenance: 1
Pest Control: 1
Utilities: 1
Sale Includes
Building & Land: 1
Location Tax and Legal
Street Number: 595
Street Name: Cinnamon
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32937
MLS Area Major: 381 - N Satellite Beach
Subdivision Name: Michigan Beach Replat of Part of 3rd Add To
Status Change Information
Major Change Timestamp: 2026-05-14T21:12:17Z
Major Change Type: New Listing
Status Change Timestamp: 2026-05-14
Property Features
Building Features: Laundry
Construction Materials: Block; Concrete
Cooling: Ceiling Fan(s); Central Air; Electric
Current Use: Investment; Multi-Family
Fencing: Block
Flooring: Terrazzo
Heating: Central; Electric
Listing Terms: Cash; Conventional
Location: Beach Area
Lot Features: Zero Lot Line
Operating Expense Includes: Insurance; Licenses; Maintenance; Pest Control
Owner Pays: Cable TV; Common Area Maintenance; Exterior Maintenance; Grounds Care; Insurance; Repairs; Roof Maintenance; Trash Collection; Water
Parking Features: Assigned; Parking Lot
Possession: Close Of Escrow
Road Frontage Type: City Street
Roof: Shingle; Tile
Sale Includes: Building & Land
Security Features: Carbon Monoxide Detector(s); Smoke Detector(s)
Sewer: Public Sewer
Showing Requirements: Lockbox
Special Listing Conditions: Standard
Tenant Pays: Electricity; Insurance
Utilities: Cable Connected; Electricity Connected; Separate Electric Meters; Separate Water Meters; Sewer Connected; Water Connected
Water Source: Public
Listing Office:
LPT Realty, LLC
Last Updated: May - 14 - 2026
Information is deemed to be reliable, but is not guaranteed.