$3,300,000
Cape Canaveral, FL 32920
MLS# 907787
Status: Closed
8268 sqft
1 / 27
Property Description
THIS OFFERING INCLUDES: a 20-efficiency apartment building, rented on a weekly or monthly basis, with most tenants paying in cash every Friday. A Duplex with two, 2/1 units. The Sandpiper Apartments property is offered at an honest 6.25% CAP with beachside Cape Canaveral appreciation. An extremely cost efficient management and maintenance team is on-site and wants to stay. Property includes an office for the onsite manager, plenty of parking, and a laundry room with coin operated washer/dyers. Close to beaches, the port, and Orlando airport and attractions.
Details
Maps
Location, Tax, and Legal
Tax Account: 2433955
Parcel Number: 24-37-23-Cg-00038.0-0007.01
General County Location: Central
Elementary School: Cape View
Middle School: Cocoa Beach
High School: Cocoa Beach
Tax Annual Amount: 6663.73
Tax Year: 2020
Tax Legal Description: AVON BY THE SEA LOT 8 & E 35 FT OF LOT 7 BLK 38
Directions: From 528E, continue on Florida A1As, turn left onto Harrison Ave
General Property Information
Number Of Units Total: 23
Living Area: 8268
Living Area Source: Public Records
Building Area Total: 8268
Lot Size Acres: 0.66
Lot Size Square Feet: 10454
Association YN: No
Garage YN: No
Garage Spaces: 0
Carport YN: No
Carport Spaces: 0
Waterfront YN: No
Parking Total: 20
Use Code: 03 / GARDEN APARTMEN
Water Body Access YN: No
Pool Private YN: No
List Price/SqFt: 459.6
Sold Price/SqFt: 399.13
Year Built: 1959
Remarks and Miscellaneous
Public Remarks: THIS OFFERING INCLUDES: a 20-efficiency apartment building, rented on a weekly or monthly basis, with most tenants paying in cash every Friday. A Duplex with two, 2/1 units. The Sandpiper Apartments property is offered at an honest 6.25% CAP with beachside Cape Canaveral appreciation. An extremely cost efficient management and maintenance team is on-site and wants to stay. Property includes an office for the onsite manager, plenty of parking, and a laundry room with coin operated washer/dyers. Close to beaches, the port, and Orlando airport and attractions.
Appliances
Other: 1
Closing Company Details
Closing Company Address: Bella Title
Construction Materials
Block: 1
Concrete: 1
Frame: 1
Stucco: 1
Wood Siding: 1
Flooring
Laminate: 1
Tile: 1
Vinyl: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Parking Features
Other: 1
Pool Features
None: 1
Income and Expenses
Gross Scheduled Income: 348000
Net Operating Income: 236950
Operating Expense: 94030
Owner Pays
Cable TV: 1
Electricity: 1
Exterior Maintenance: 1
Grounds Care: 1
Insurance: 1
Janitorial Service: 1
Management: 1
Repairs: 1
Security: 1
Trash Collection: 1
Other: 1
Roof
Shingle: 1
Special Listing Conditions
Standard: 1
Utilities
Electricity Connected: 1
Water Available: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Historical Information
Public Historical Remarks 3: Possible Financing-Holding 1st: Y, Possible Financing-1031 Exchange: Y, Style-Efficiency/Studio: Y, Roof-Rolled Comp: Y, Number of Buildings: 3 Buildings
Contract Information
Current Price: $3,300,000
Original List Price: 4499900
Sold Price: $3,300,000
Status: Closed
Listing Contract Date: 2021-06-15
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 311
Street Name: Harrison
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32920
MLS Area Major: 271 - Cape Canaveral
Status Change Information
Major Change Timestamp: 2023-11-11T03:49:35Z
Major Change Type: Price Reduced
Price Change Timestamp: 2021-10-19T14:21:45Z
Status Change Timestamp: 2022-05-02
Purchase Contract Date: 2022-03-31
Close Date: 2022-04-29
Close Price: 3300000
Property Features
Appliances: Other
Construction Materials: Block; Concrete; Frame; Stucco; Wood Siding
Flooring: Laminate; Tile; Vinyl
Levels: One
Listing Terms: Cash; Conventional
Owner Pays: Cable TV; Electricity; Exterior Maintenance; Grounds Care; Insurance; Janitorial Service; Management; Repairs; Security; Trash Collection; Other
Parking Features: Other
Pool Features: None
Roof: Shingle
Special Listing Conditions: Standard
Utilities: Electricity Connected; Water Available
Water Source: Public
Showing Requirements: Appointment Only
Listing Office: EXP Realty, LLC
Last Updated: October - 23 - 2024
Information is deemed to be reliable, but is not guaranteed.