8110 Canaveral Boulevard, Cape Canaveral, FL 32920

$1,050,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1014215

Property Type: Commercial Sale Baths: 5 Square Footage: 5,092 Lot Size (sq. ft.): 10,019 Status: Closed

Current Price: $1,050,000 List Date: 5/17/2024 Last Modified: 11/02/2024

Overview

Description

Beachside turnkey Fiveplex with 5 large fully remodeled units, 5,092 sqft of living area and just half a mile to the beach. This concrete block porperty has C-1 zoning which allows NIGHTLY rentals. Rare find! Potential annual rental income with long term tenants: $100K-$120K, AirnBnb: $220K-$240K. 2 -2 bedrooms/1 Bath units and 3 -1 Bedroom /1 Bath units, and 2 of these are extremely large and can easily be converted into 2 bed units creating more revenue. Shared income producing laundry area and rear courtyard area. Strategically located just one block from A1A which is full of amenities and dining options, a mere 7-minute drive away to Cocoa Beach Pier, Ron Jon's and other area attractions. Roof 2018, newer electrical panels,front parking area was recently repaved.Each unit is individually metered with 5 Florida Power &Light (FPL) meters, offering convenience and efficiency.With no major repairs left to be performed is ready to became a long term investment property to new owners.

Listing Details MLS# 1014215

General Property Information

Number Of Units Total: 5
Stories Total: 2
Bathrooms Total: 5
Building Area Total: 5092
Year Built: 1965
Lot Size Acres: 0.23
Water Body Access YN: No
List Price/SqFt: 251.18
Sold Price/SqFt: 206.21

Property Features

Building Features: Laundry Construction Materials: Block; Frame Cooling: Ceiling Fan(s); Central Air Current Use: Multi-Family Existing Lease Type: Other Fencing: Back Yard Flooring: Laminate; Tile Heating: Central Listing Terms: Cash; Conventional Lot Features: Cleared; Few Trees Parking Features: Parking Lot Possession: Close Of Escrow Road Frontage Type: City Street Roof: Shingle Sale Includes: Building & Land Sewer: Public Sewer Showing Requirements: Appointment Only; Call Listing Agent Utilities: Cable Available; Electricity Connected; Separate Electric Meters; Sewer Available; Water Connected Water Source: Public

Contract Information

Original List Price: 1279000
Listing Contract Date: 2024-03-08
Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 8110
Street Name: Canaveral
Street Suffix: Boulevard
County: Brevard
State: FL
Postal Code: 32920
MLS Area Major: 271 - Cape Canaveral

Remarks and Miscellaneous

Public Remarks: Beachside turnkey Fiveplex with 5 large fully remodeled units, 5,092 sqft of living area and just half a mile to the beach. This concrete block porperty has C-1 zoning which allows NIGHTLY rentals. Rare find! Potential annual rental income with long term tenants: $100K-$120K, AirnBnb: $220K-$240K. 2 -2 bedrooms/1 Bath units and 3 -1 Bedroom /1 Bath units, and 2 of these are extremely large and can easily be converted into 2 bed units creating more revenue. Shared income producing laundry area and rear courtyard area. Strategically located just one block from A1A which is full of amenities and dining options, a mere 7-minute drive away to Cocoa Beach Pier, Ron Jon's and other area attractions. Roof 2018, newer electrical panels,front parking area was recently repaved.Each unit is individually metered with 5 Florida Power &Light (FPL) meters, offering convenience and efficiency.With no major repairs left to be performed is ready to became a long term investment property to new owners.

Status Change Information

Major Change Timestamp: 2024-07-23T18:11:14Z
Major Change Type: Status Change
Status Change Timestamp: 2024-07-23
Purchase Contract Date: 2024-06-19
Close Date: 2024-07-19
Close Price: 1050000

More Information

Unit 1 Details

Unit ID: Yes
Annual Rent: 25200
Unit SqFt: 1100
# Units (This Type): 2
Furnished: Unfurnished
Unit Remarks: buyer to verify square footage

Unit 2 Details

Unit ID: 2
Annual Rent: 25200
Unit SqFt: 1100
# Units (This Type): 2
Furnished: Unfurnished
Unit Remarks: buyer to verify square footage

Unit 3 Details

Unit ID: 3
Annual Rent: 21600
Unit SqFt: 1000
# Units (This Type): Yes
Furnished: Unfurnished
Unit Remarks: buyer to verify square footage

Unit 4 Details

Unit ID: 4
Annual Rent: 21600
Unit SqFt: 1200
# Units (This Type): Yes
Furnished: Unfurnished
Unit Remarks: buyer to verify square footage

Unit 5 Details

Unit ID: 5
Annual Rent: 21600
Unit SqFt: 1000
# Units (This Type): Yes
Furnished: Unfurnished
Unit Remarks: buyer to verify square footage 2

Location, Tax, and Legal

Tax Account: 2429757
Parcel Number: 24-37-14-51-00003.0-0002.01
Tax Annual Amount: 8365.75
Tax Year: 2023
Tax Legal Description: CAPE CANAVERAL BEACH GDNS UNIT 2 PART OF LOTS 2,3 BLK 3 AS DES IN ORB 718 PG 396
Directions: From 520, go north on A1A, turn right on to N Atlantic Ave. At the light, turn right on to Canaveral Blvd. Property is just past 7-11 on the left.

Construction Materials

Block: Yes
Frame: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Current Use

Multi-Family: Yes

Fencing

Back Yard: Yes

Flooring

Laminate: Yes
Tile: Yes

Heating

Central: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Cleared: Yes
Few Trees: Yes

Parking Features

Parking Lot: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

City Street: Yes

Roof

Shingle: Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Separate Electric Meters: Yes
Sewer Available: Yes
Water Connected: Yes

Water Source

Public: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes

Building Features

Laundry: Yes

Existing Lease Type

Other: Yes

Sale Includes

Building & Land: Yes

Listing Office: aReal Estate Service Team

Last Updated: November - 02 - 2024

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