RARE OPPORTUNITY 3 BLOCKS TO THE BEACH! A 7-UNIT INVESTMENT PROPERTY! This gem of a property is currently fully occupied with wonderful tenants! A well-maintained multi-family income producing property with each unit having an open floor plan, all tile flooring, all new updated baths, newer kitchens, and every unit is super clean! Peace of mind with a brand-new roof over the entire building, and all cast iron plumbing has been replaced throughout all units! Plenty of parking and storage areas for each unit and there's an on-site coin operated laundry that generates extra income! Location, location, location makes these easy rentals w/no HOA plus only a 5-minute walk to a beach crosswalk, Port Canaveral is a short bike ride away, KSC is only a 20-minute drive, and MCO & theme parks a 35-minute drive! Plenty of shopping & restaurants within walking distance! Collect rents now and bank the land & property for a future project!
For sale
$1,400,000
221 Madison Ave, Cape Canaveral, FL 32920
12beds
5,080sqft
Est.:
Multi Family
Built in 1964
-- sqft lot
$-- Zestimate®
$276/sqft
$-- HOA
What's special
New updated bathsBrand-new roofSuper cleanOpen floor planNewer kitchens
- 7 days
- on Zillow |
- 230 |
- 11 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: April 21, 2025 at 02:27pm
Listed by:
Donna A Gianotti-Kelley 321-783-5000,
Space Coast Realty & Inv. LLC
Source: Space Coast AOR,MLS#: 1043737
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
- Full bathrooms: 6
Heating
- Other, Individual
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Dishwasher, Disposal, Electric Range, Microwave, Refrigerator
- Laundry: Common Area
Features
- Flooring: Tile
- Has fireplace: No
Interior area
- Total interior livable area: 5,080 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Additional Parking, Assigned, Carport, Varies by Unit
- Carport spaces: 4
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.38 Acres
Details
- Additional parcels included: 2433598
- Parcel number: 243723Cg00020.00006.00
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Concrete, Frame
- Roof: Shingle
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters
Community & HOA
Community
- Subdivision: Avon By The Sea
HOA
- Has HOA: No
Location
- Region: Cape Canaveral
Financial & listing details
- Price per square foot: $276/sqft
- Annual tax amount: $9,509
- Date on market: 4/19/2025
- Listing terms: Cash,Conventional
- Tenant pays: Cable TV, Electricity, Telephone
- Income includes: Laundry
- Road surface type: Asphalt
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