8110 Canaveral Boulevard

$800,000
8110 Canaveral Boulevard, Cape Canaveral, FL 32920
8110 Canaveral Boulevard

8110 Canaveral Boulevard

$800,000

NO RENTAL RESTRICTIONS on this 5 unit property a short walk to the beach, C-1 Zoning! Nightly rentals OK! Priced to sell! Five Unit 5092 sq. ft. Block Construction apartment complex consisting of 2 Two Bedrooms / 1 Bath units and 3 One Bedroom / 1 Bath units. LOCATION ~ Close proximity to Major Employers (Space, Defense, Tourism). Short walk to the Beach and a short distance to major roadways (528, 520 and A1A) and International Airports. Currently 100% OCCUPANCY with a high historical occupancy rate. PROPERTY CONDITION ~ Property is in great shape and inspection reports for each unit are available. Newer roof (2018). 2 units have nicely updated kitchens/bathrooms. Cash or 1031 only. Drive-bys allowed, but do not step onto the property & do not disturb the tenants. Potential 10 cap.... with a few updates! 2018 Asphalt shingle roof. Newer Electrical GE panels throughout. Ability to achieve over a 7% CAP rate (RENTING LONG TERM) by bringing rents up to market levels with little capital infusion required. Some Units with updated HVAC systems. Access to the property will be granted during due diligence period.
Barbara Schluraff
Barbara Schluraff Contact

Features & Amenities

Interior

Flooring Carpet, Laminate, Tile
Appliances Electric Range, Microwave, Refrigerator

Exterior

Water Source Public
Utilities Cable Available, Electricity Connected, Sewer Connected, Water Available
POOL None
ROOF Shingle
Air Conditioning Central Air

Area & Lot

Status Sold
LIVING SPACE 5,092 Sq.Ft.
LOT SIZE 10,019 Sq.Ft.
MLS® ID 966532
Type Multi-Family
Year Built 1965
Neighborhood Cape Canaveral Real Estate
ELEMENTARY SCHOOL Cape View
MIDDLE SCHOOL Cocoa Beach
HIGH SCHOOL Cocoa Beach

Financial

SALES PRICE $800,000
REAL ESTATE TAXES $6,638/yr

2 units have nicely updated kitchens/bathrooms.

Barbara Scluraff

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Cape Canaveral Real Estate

Cape Canaveral Real Estate

Cape Canaveral, situated in Brevard County along Florida's Space Coast, is a dynamic real estate market known for its close association with space exploration and beautiful Atlantic Ocean views.

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