8 unit rehab in Cape Canaveral

Incredible multifamily investment opportunity only 2 blocks from the beach, 1 mile from Port Canaveral, and 1 mile to the Cocoa Beach Pier. Next to the city park, and 1 block from the library.

Building is currently gutted and boarded, with level 3 rehab required to bring it up to code. Two new roofs complete, but a new permit must be issued. One smaller shingle section still needs repair. $167,000 code enforcement judgement, and 5 years back-taxes will be paid from proceeds at closing.

First Floor

• Unit 1 - 835 Sq. Ft - 3 bedroom, 1 bath $1195/mo*
• Unit 2 – 500 Sq. Ft. – 1 bedroom, 1 bath $795/mo*
• Unit 3 – 714 Sq. ft. – 1 bedroom, 1 bath - with office $995/mo*

Second Floor

• Unit 4 – 835 Sq. Ft – 3 bedroom, 1 bath $1195/mo*
• Unit 5 – 500 Sq. Ft. – 1 bedroom, 1 bath $795/mo*
• Unit 6 – 714 Sq. Ft. – 1 bedroom, 1 bath – with office $995/mo*

Third Floor

• Unit 7 – 302 Sq, Ft. – 1 bedroom, 1 bath $695/mo*
• Unit 8 – 543 Sq. Ft. – 2 bedroom, 1 bath $750/mo*

Gross Potential Rent $7415/month or $88,980/year*

*Market Rate for similar units

Drive by OK, but do not enter the property. Walk-thru's permitted during buyer's due-diligence period.