8110 Canaveral Boulevard, Cape Canaveral, FL 32920

$800,000
Property Type: Residential Income Square Footage: 5,092 Lot Size (sq. ft.): 10,019 Status: Closed
Current Price: $800,000 List Date: 11/14/2023 Last Modified: 5/24/2026

Overview

Description

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....

Supplements: 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.

Listing Details MLS# 966532

General Property Information

Number Of Units Total
5
Living Area
5092
Living Area Source
Public Records
Building Area Total
5092
Year Built
1965
Garage YN
No
Carport YN
No
Lot Size Acres
0.23
Lot Size Square Feet
10019
Association YN
No
Use Code
08 / MULTIPLE LIVING
Water Body Access YN
No
Waterfront YN
No
Pool Private YN
No
Senior Community YN
No
List Price/SqFt
181.66
Sold Price/SqFt
157.11
Garage Spaces
0
Carport Spaces
0

Property Features

Appliances: Electric Range; Microwave; Refrigerator Construction Materials: Block; Concrete; Stucco Cooling: Central Air Flooring: Carpet; Laminate; Tile Levels: Two Listing Terms: Cash Owner Pays: Grounds Care; Insurance; Pest Control; Repairs; Sewer; Taxes; Water Pool Features: None Possession: Close Of Escrow Road Surface Type: Paved Roof: Shingle Special Listing Conditions: Standard Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Available Water Source: Public Showing Requirements: Appointment Only; Call Listing Office; No Sign

Contract Information

Original List Price
1200000
Listing Contract Date
2023-05-26
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
Subdivision Name
Cape Canaveral Beach Gdns Unit 2

Remarks and Miscellaneous

Public Remarks
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....

Status Change Information

Major Change Timestamp
2023-12-07T14:15:30Z
Major Change Type
Status Change
Price Change Timestamp
2023-10-09T19:23:39Z
Status Change Timestamp
2023-12-07
Purchase Contract Date
2023-11-17
Close Date
2023-12-06
Close Price
800000

More Information

Closing Company Details

Closing Company Name
Jeffrey Ville PA (321) 242-4777
Closing Company Address
1300 W Eau Gallie Blvd, Melbourne, FL 32935

Historical Information

Public Historical Remarks 3
Possible Financing-1031 Exchange: Y, Number of Buildings: 1 Building

Location, Tax, and Legal

Tax Account
2429757
Parcel Number
24-37-14-51-00003.0-0002.01
General County Location
Central
Elementary School
Cape View
Middle School
Cocoa Beach
High School
Cocoa Beach
Tax Annual Amount
6637.56
Tax Year
2022
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.

Appliances

Electric Range
Yes
Microwave
Yes
Refrigerator
Yes

Construction Materials

Block
Yes
Concrete
Yes
Stucco
Yes

Cooling

Central Air
Yes

Flooring

Carpet
Yes
Laminate
Yes
Tile
Yes

Levels

Two
Yes

Listing Terms

Cash
Yes

Pool Features

None
Yes

Possession

Close Of Escrow
Yes

Owner Pays

Grounds Care
Yes
Insurance
Yes
Pest Control
Yes
Repairs
Yes
Sewer
Yes
Taxes
Yes
Water
Yes

Road Surface Type

Paved
Yes

Roof

Shingle
Yes

Special Listing Conditions

Standard
Yes

Utilities

Cable Available
Yes
Electricity Connected
Yes
Sewer Connected
Yes
Water Available
Yes

Water Source

Public
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Office
Yes
No Sign
Yes
Listing Office: Century 21 Ocean
Last Updated: May - 24 - 2026
Information is deemed to be reliable, but is not guaranteed.
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