7676 Magnolia AveCape Canaveral, FL 32920

Property Details for 7676 Magnolia Ave

Year built

1980

Property type

Residential income properties

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Cape Canaveral

County

Brevard

State

Florida

Latitude

28.3862

Longitude

-80.6012

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