200 Buchanan Ave
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200 Buchanan Ave
13 Unit Apartment Building Offered at $2,145,000 at a 8.19% Cap Rate in Cape Canaveral, FL 32920
Investment Highlights
- Short Term Friendly Location
- Block from the Beach
- Income Producing
Executive Summary
Portfolio includes 13 apartments/duplexes: 201 Pierce Ave, 203 Pierce Ave, 205 Pierce Ave, 7108 Poinsetta Ave, 7110 Poinsetta Ave A, 7110 Poinsetta Ave B (Vacant), 7110 Poinsetta Ave C, 200 Buchanan Ave, 204 Buchanan Ave, 7104 Poinsetta Ave A, 7104 Poinsetta Ave B, 208 Buchanan Ave, 212 Buchanan Ave. Gross Income $177,600.00 Market Rate Proforma Gross Income $228,200.00. Opportunity to purchase 13 unit property, only 1 vacant unit, in Cape Canaveral for immediate cashflow. Units are currently rented below market rates for the area. Close to beaches. Area is short term rental friendly.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$177,600
|
$52.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$177,600
|
$52.76
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $177,600 |
| Annual Per SF | $52.76 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $177,600 |
| Annual Per SF | $52.76 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,145,000 | Property Type | Multifamily |
| Price Per Unit | $165,000 | Lot Size | 0.87 AC |
| Sale Type | Investment | Building Size | 6,490 SF |
| Cap Rate | 8.19% | Average Occupancy | 92% |
| Sale Conditions | Bulk/Portfolio Sale | No. Stories | 1 |
| No. Units | 13 | Year Built/Renovated | 1962/2016 |
| Price | $2,145,000 |
| Price Per Unit | $165,000 |
| Sale Type | Investment |
| Cap Rate | 8.19% |
| Sale Conditions | Bulk/Portfolio Sale |
| No. Units | 13 |
| Property Type | Multifamily |
| Lot Size | 0.87 AC |
| Building Size | 6,490 SF |
| Average Occupancy | 92% |
| No. Stories | 1 |
| Year Built/Renovated | 1962/2016 |
1 of 1
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Paige Lane -
Todd Tracy, PA -
Keller Williams Realty
1 of 34
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200 Buchanan Ave
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