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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 38%
No. Stories 2
Year Built 1962
Parking Ratio 1.27/1,000 SF

Unit Amenities

  • Bay Window

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
24-37-23-CG-00006.0-0009.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,301,200

zoning

Zoning Code R3 (R-3)
R3 (R-3)
  • Listing ID: 33522035

  • Date on Market: 10/15/2024

  • Last Updated:

  • Address: 630 Adams Ave, Cape Canaveral, FL 32920

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