$545,000
Cape Canaveral, FL 32920
MLS# 805775
Status: Closed
3320 sqft
1 / 2
Property Description
Two Blocks from the Beach! This four unit property is comprised of two duplexes with covered parking and tropical landscaping. This income producing investment property is poised to take full advantage of it's proximity to the beach, the growth of tourism in the area, and the expansion of the local aerospace industry. All of those factors will continue to improve upon the current gross annual income of $52,500. Also available is the opportunity to live in one unit while collect income on the other three. Get paid to live in paradise. Come feel the ocean breeze in the air and see this opportunity for yourself.
Details
Maps
Location, Tax, and Legal
Tax Account: 2434792
General County Location: Central
Elementary School: Cape View
Middle School: Cocoa Beach
High School: Cocoa Beach
Tax Legal Description: Avon By The Sea Lots 1,2 Blk 71
Directions: N Atlantic to east on Lincoln. Property is on the corner of Lincoln and Orange
General Property Information
Number Of Units Total: 4
Living Area: 3136
Living Area Source: Public Records
Building Area Total: 3320
Lot Size Acres: 0.29
Lot Size Square Feet: 12632
Association YN: No
Garage YN: No
Garage Spaces: 0
Carport YN: Yes
Carport Spaces: 2
Waterfront YN: No
Open Parking Spaces: 6
Parking Total: 8
Use Code: 0839
Water Body Access YN: No
Pool Private YN: No
List Price/SqFt: 178.57
Sold Price/SqFt: 173.79
Year Built: 1958
Remarks and Miscellaneous
Public Remarks: Two Blocks from the Beach! This four unit property is comprised of two duplexes with covered parking and tropical landscaping. This income producing investment property is poised to take full advantage of it's proximity to the beach, the growth of tourism in the area, and the expansion of the local aerospace industry. All of those factors will continue to improve upon the current gross annual income of $52,500. Also available is the opportunity to live in one unit while collect income on the other three. Get paid to live in paradise. Come feel the ocean breeze in the air and see this opportunity for yourself.
Appliances
Electric Range: 1
Refrigerator: 1
Closing Company Details
Closing Company Name: Bella Title
(321)610-7806
Closing Company Address: 7025 N Wickham Rd #112, Melbourne, FL 32940
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Flooring
Laminate: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Parking Features
Carport: 1
Pool Features
None: 1
Income and Expenses
Gross Income: 0
Gross Scheduled Income: 52500
Net Operating Income: 42185
Operating Expense: 10315
Owner Pays
Insurance: 1
Taxes: 1
Roof
Shingle: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Sewer Connected: 1
Water Available: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Historical Information
Public Historical Remarks 3: Parking-< 1 Space Per Unit: Y, Number of Buildings: 2 Buildings
Contract Information
Current Price: $545,000
Original List Price: 579000
Sold Price: $545,000
Status: Closed
Listing Contract Date: 2018-02-19
Property Sub Type: Quadruplex
Location Tax and Legal
Street Number: 303
Street Name: Lincoln
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32920
MLS Area Major: 271 - Cape Canaveral
Subdivision Name: Avon By The Sea
Status Change Information
Major Change Timestamp: 2023-11-11T03:44:50Z
Major Change Type: Price Reduced
Price Change Timestamp: 2018-03-29T23:48:07Z
Status Change Timestamp: 2018-06-05
Purchase Contract Date: 2018-04-12
Close Date: 2018-06-05
Close Price: 545000
Property Features
Appliances: Electric Range; Refrigerator
Construction Materials: Block; Concrete; Stucco
Flooring: Laminate
Levels: One
Listing Terms: Cash; Conventional; FHA; VA Loan
Owner Pays: Insurance; Taxes
Parking Features: Carport
Pool Features: None
Roof: Shingle
Special Listing Conditions: Standard
Utilities: Cable Available; Sewer Connected; Water Available
Water Source: Public
Showing Requirements: Appointment Only
Listing Office: Dale Sorensen Real Estate Inc.
Last Updated: May - 10 - 2026
Information is deemed to be reliable, but is not guaranteed.