Cape View Apartments 630 Adams Ave 18 Unit Apartment Building $5,400,000 ($300,000/Unit) Cape Canaveral, FL 32920
INVESTMENT HIGHLIGHTS
- Ocean View
EXECUTIVE SUMMARY
Excellent Investment opportunity in this 18-unit multifamily income producing property. Perfectly positioned in Cape Canaveral, Cape View Apartments is one lot from direct beach access & walking distance to restaurants, parks, and port Canaveral attractions. This two-story, solid concrete block complex includes seventeen 400 to 600 square foot 1 bedroom, 1 bath rental units w/ ocean views, plus a 2 story, primary suite with panoramic ocean views from every room. Bring your inspiration to design as a renovation will give the opportunity to condo out the property or turn into a boutique luxury apartment complex. Zoned R-3, this .29-acre property can be used for long term or short-term rentals. This is a great investment opportunity with a wide berth of options. Show by appointment only.
PROPERTY FACTS
| Price | $5,400,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 10,970 SF |
| Average Occupancy | 85% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.27/1,000 SF |
UNIT AMENITIES
- Bay Window
1 of 1
PROPERTY TAXES
| Parcel Number | 24-37-23-CG-00006.0-0009.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,301,200 |
ZONING
| Zoning Code | R3 (R-3) |
