285 Monroe Avenue 1,2,3,4, Cape Canaveral, FL 32920

$1,300,000
Property Type: Residential Income Square Footage: 4,560 Lot Size (sq. ft.): 12,632 Status: Closed
Current Price: $1,300,000 List Date: 8/25/2022 Last Modified: 5/10/2026

Overview

Description

TURNKEY INVESTMENT! This quadplex features 4 updated, fully furnished 2 bed, 1 bath units that are operating as vacation rentals. Your guests/residents will enjoy the charming outdoor entertainment space w/heated above ground pool that's surrounded by beautiful landscaping. Property is perfectly equipped w/everything you could need to run a successful vacation rental business. 2 bldgs make up the property that sits on a corner lot right in the heart of Cape Canaveral, just a 5 minute walk to the beach or hop on the golf cart that's included in the sale. Just next door is the new Cape Canaveral Community Center. There are separate electric & water meters so you could easily switch to long term rentals if desired. Plus 3 garages, ample parking, community laundry & ADT security system.

Listing Details MLS# 941470

General Property Information

Number Of Units Total
4
Living Area
3584
Living Area Source
Public Records
Building Area Total
4560
Year Built
1965
Garage YN
Yes
Garage Spaces
3
Carport YN
No
Parking Total
5
Lot Size Acres
0.29
Lot Size Square Feet
12632
Association YN
No
Use Code
08 / THREE OR FOUR L
Water Body Access YN
No
Waterfront YN
No
Water Frontage Feet
3
List Price/SqFt
418.53
Sold Price/SqFt
362.72
Carport Spaces
0

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Association Amenities: Pool Construction Materials: Block; Concrete; Frame; Stucco; Vinyl Siding; Wood Siding Cooling: Central Air; Electric Financial Data Source: Owner Flooring: Carpet; Laminate; Tile Levels: One; Two Listing Terms: Cash; Conventional Lot Features: Corner Lot Owner Pays: Electricity; Exterior Maintenance; Grounds Care; Pool Maintenance; Repairs; Sewer; Taxes; Trash Collection; Water; Other Parking Features: Detached Pool Features: Above Ground; Electric Heat; Other Possession: Close Of Escrow; Subject To Tenant Rights Road Surface Type: Paved Roof: Metal; Shingle Special Listing Conditions: Standard Utilities: Electricity Connected; Separate Electric Meters; Separate Water Meters; Sewer Connected; Water Available Water Source: Public Showing Considerations: Occupied Showing Requirements: Appointment Only; Lockbox

Contract Information

Original List Price
1600000
Listing Contract Date
2022-07-22
Property Sub Type
Quadruplex

Location Tax and Legal

Street Number
285
Street Name
Monroe
Street Suffix
Avenue
County
Brevard
State
FL
Postal Code
32920
MLS Area Major
271 - Cape Canaveral
Subdivision Name
Avon By The Sea

Remarks and Miscellaneous

Public Remarks
TURNKEY INVESTMENT! This quadplex features 4 updated, fully furnished 2 bed, 1 bath units that are operating as vacation rentals. Your guests/residents will enjoy the charming outdoor entertainment space w/heated above ground pool that's surrounded by beautiful landscaping. Property is perfectly equipped w/everything you could need to run a successful vacation rental business. 2 bldgs make up the property that sits on a corner lot right in the heart of Cape Canaveral, just a 5 minute walk to the beach or hop on the golf cart that's included in the sale. Just next door is the new Cape Canaveral Community Center. There are separate electric & water meters so you could easily switch to long term rentals if desired. Plus 3 garages, ample parking, community laundry & ADT security system.

Status Change Information

Major Change Timestamp
2023-11-11T03:49:48Z
Major Change Type
Price Reduced
Price Change Timestamp
2022-09-15T13:41:32Z
Status Change Timestamp
2022-10-28
Purchase Contract Date
2022-09-26
Close Date
2022-10-28
Close Price
1300000

More Information

Closing Company Details

Closing Company Name
Island Title & Escrow Agency, Inc. Elaine Mahnke elaine@islandtitle.net 321-453-6099
Closing Company Address
2245 N. Courtney Pkwy., Merritt Island, FL 32953

Income and Expenses

Gross Scheduled Income
100000
Net Operating Income
90000
Operating Expense
10000

Historical Information

Public Historical Remarks 3
Expenses Include-Supplies: Y, Parking-< 1 Space Per Unit: Y, Number of Buildings: 2 Buildings

Location, Tax, and Legal

Unit Number
1,2,3,4
Tax Account
2433747
Parcel Number
24-37-23-Cg-00026.0-0007.00
General County Location
Central
Elementary School
Cape View
Middle School
Cocoa Beach
High School
Cocoa Beach
Tax Annual Amount
4754.31
Tax Year
2020
Tax Legal Description
AVON BY THE SEA LOTS 7 & 8 BLK 26
Directions
Heading north on A1A turn right onto Jackson Ave, then first left onto Poinsetta Ave & then first right onto Monroe, 285 is on the right.

Appliances

Dishwasher
Yes
Dryer
Yes
Electric Range
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes

Association Amenities

Pool
Yes

Construction Materials

Block
Yes
Concrete
Yes
Frame
Yes
Stucco
Yes
Vinyl Siding
Yes
Wood Siding
Yes

Cooling

Central Air
Yes
Electric
Yes

Flooring

Carpet
Yes
Laminate
Yes
Tile
Yes

Levels

One
Yes
Two
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Corner Lot
Yes

Parking Features

Detached
Yes

Pool Features

Above Ground
Yes
Electric Heat
Yes
Other
Yes

Possession

Close Of Escrow
Yes
Subject To Tenant Rights
Yes

Financial Data Source

Owner
Yes

Owner Pays

Electricity
Yes
Exterior Maintenance
Yes
Grounds Care
Yes
Pool Maintenance
Yes
Repairs
Yes
Sewer
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes
Other
Yes

Road Surface Type

Paved
Yes

Roof

Metal
Yes
Shingle
Yes

Special Listing Conditions

Standard
Yes

Utilities

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

Water Source

Public
Yes

Showing Requirements

Appointment Only
Yes
Lockbox
Yes

Showing Considerations

Occupied
Yes
Listing Office: Florida Lifestyle Realty LLC
Last Updated: May - 10 - 2026
Information is deemed to be reliable, but is not guaranteed.
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