Undisclosed Cape Canaveral, FL 00000

This exceptional value-add opportunity presents a 7-unit apartment building in Cape Canaveral, Florida, listed at $1,400,000 with a compelling 5.70% cap rate. The property boasts a gross annual revenue of $103,200 and annual expenses of $20,252, offering significant potential for increased profitability. The two-story building comprises seven units, presenting a strong foundation for future growth and value appreciation. Its prime location offers unparalleled convenience, situated just two minutes from the ocean and fifteen minutes from the nearest airport. A variety of amenities are within walking distance, including museums, tourist attractions, and restaurants. The property's proximity to a major Air Force Base (20 minutes away) further enhances its investment appeal. This is a rare chance to acquire a well-positioned multifamily property in a thriving coastal community with substantial upside potential. The address is undisclosed for confidentiality reasons. The property is being sold as-is. Serious inquiries only.