For Sale
$1,250,000

7676 Magnolia AveCape Canaveral, FL 32920

Seven-unit apartment building, oceanfront proximity.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a seven-unit apartment building situated in Cape Canaveral, Florida, at 7676 Magnolia Avenue, zip code 32920. The property, a Class B building constructed in 1980, boasts a single story and sits on a 1,742.4 square foot lot. Currently operating as a multifamily investment property, this owner-user opportunity offers significant potential for value enhancement and increased rental income. The seven units are primed for rental success, presenting a strong cash flow opportunity for the astute investor. The property's location offers unparalleled proximity to the Atlantic Ocean, a highly desirable feature for tenants. While the existing structure provides a solid foundation, strategic updates and renovations could further maximize returns in this thriving real estate market. This property represents a compelling investment in a dynamic location with considerable upside potential. The asking price is $1,250,000. This is a rare chance to acquire a multifamily property in a prime location, offering both immediate income and long-term growth prospects. Don't miss this chance to capitalize on the burgeoning Cape Canaveral market.

Highlights

  • Seven-unit apartment building in Cape Canaveral, FL.
  • Class B, single-story building constructed in 1980 on a 1,742.4 sq ft lot.
  • Multifamily investment property with strong cash flow potential and value-add opportunities.
  • Prime location near the Atlantic Ocean, highly desirable for tenants.
  • Asking price: $1,250,000.

Property Details for 7676 Magnolia Ave

Property type
Apartment buildings, Small apartment buildings
Class
B
Year Built
1980
Stories
1
Units
7

Location Insight

City
Cape Canaveral
County
Brevard
State
Florida
Latitude
28.3862224
Longitude
-80.6011751
7676 Magnolia Ave, Cape Canaveral, Florida

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7676 Magnolia Ave
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