Beachside Investment Opportunity - Fully Renovated 8-Unit Multifamily Property
Just steps from the beach, this fully renovated 8-unit property presents an exceptional investment opportunity in a prime location. Fully renovated in 2020 down to the studs, this property is turn-key, fully tenant-occupied, and ready to generate income immediately.
The property features 2 spacious 3-bedroom units, 3 well-sized 2-bedroom units, and 3 cozy 1-bedroom units. Each unit has its own private exterior entry, providing added privacy and convenience, along with ample parking for residents.
Located just a short walk to the beach and a quick drive to Port Canaveral and Cocoa Beach, this property offers the perfect blend of beachside living and easy access to local attractions. Its high-quality renovations and prime location make it an ideal addition to any investment portfolio. Don't miss out on this incredible opportunity to own a fully updated multifamily property in one of the most sought-after beach areas in the region!
For sale
$1,500,000
7521 Magnolia Ave, Cape Canaveral, FL 32920
15beds
4,906sqft
Est.:
Multi Family
Built in 1962
-- sqft lot
$-- Zestimate®
$306/sqft
$-- HOA
What's special
Ample parkingSteps from the beachPrivate exterior entry
- 129 days
- on Zillow |
- 231 |
- 18 |
Zillow last checked: 7 hours ago
Listing updated: March 11, 2025 at 12:23pm
Listed by:
Brandon Phillips 321-543-1374,
Blue Marlin Real Estate
Source: Space Coast AOR,MLS#: 1039315
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Varies by Unit
Cooling
- Wall/Window Unit(s), Split System
Appliances
- Laundry: Common Area
Features
- Has fireplace: No
Interior area
- Total structure area: 6,557
- Total interior livable area: 4,906 sqft
Video & virtual tour
Property
Parking
- Parking features: Parking Lot
Features
- Exterior features: Impact Windows
- Fencing: Wood
Lot
- Size: 6,969.6 Square Feet
Details
- Additional parcels included: 2434102
- Parcel number: 243723Cg00043.00015.01
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Concrete
- Roof: Membrane,Shingle
Condition
- New construction: No
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Sewer Connected
Community & HOA
Community
- Subdivision: Avon By The Sea
HOA
- Has HOA: No
Location
- Region: Cape Canaveral
Financial & listing details
- Price per square foot: $306/sqft
- Annual tax amount: $14,379
- Date on market: 3/7/2025
- Listing terms: Cash,Conventional,Owner May Carry,Private Financing Available,Other
- Tenant pays: Electricity
- Income includes: Rent Only
- Road surface type: Asphalt
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