285 Monroe Ave - Residential Income FOR SALE


Cape Canaveral, FL 32920
$1,599,000 USD
321-543-1685
285 Monroe Ave, Cape Canaveral, FL for Sale
$1,599,000 USD
Residential Income - FOR SALE
1/30
null | Request Cap Rate

285 Monroe Ave
Cape Canaveral, FL 32920


HIGHLIGHTS

  • Located on a corner lot in the heart of Cape Canaveral next to the new Community Center and just a 5-minute walk to the beach
  • Includes 2 buildings, 3 garages, ample parking, community laundry, ADT security system, and separate electric/water meters.
  • Continue operating as a vacation rental business or convert to long-term rentals if desired.

OVERVIEW

RARE TURNKEY INVESTMENT just steps from the beach! This fully furnished Cape Canaveral quadplex features 4 updated 2 bed units, including three 1 bath units and one with 1.5 baths, already operating as successful short-term vacation rentals. With strong gross income performance and a setup built for continued rental success, this is the kind of coastal income property investors look for and rarely find. Guests love the above-ground pool, charming outdoor entertainment space, beautiful landscaping, and walkable beach lifestyle.

FOR SALE DETAILS

PRICE

$1,599,000 USD

PRICE/SF

$446 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

R2

APN/PARCEL ID

24-37-23-CG-00026.0-0007.00

ASK ABOUT THIS PROPERTY

Nick FarinellaColdwell Banker RealtyMore Info
321-543-1685

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Nick FarinellaColdwell Banker RealtyMore Info
321-543-1685

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.