8110 Canaveral Boulevard
Cape Canaveral, FL 32920

NO RENTAL RESTRICTIONS on this 5 unit property a short walk to the beach, C-1 Zoning! Nightly rentals OK! Priced to sell! Five Unit 5092 sq. ft. Block Construction apartment complex consisting of 2 Two Bedrooms / 1 Bath units and 3 One Bedroom / 1 Bath units. LOCATION ~ Close proximity to Major Employers (Space, Defense, Tourism). Short walk to the Beach and a short distance to major roadways (528, 520 and A1A) and International Airports. Currently 100% OCCUPANCY with a high historical occupancy rate. PROPERTY CONDITION ~ Property is in great shape and inspection reports for each unit are available. Newer roof (2018). 2 units have nicely updated kitchens/bathrooms. Cash or 1031 only. Drive-bys allowed, but do not step onto the property & do not disturb the tenants. Potential 10 cap.... with a few updates! 2018 Asphalt shingle roof. Newer Electrical GE panels throughout. Ability to achieve over a 7% CAP rate (RENTING LONG TERM) by bringing rents up to market levels with little capital infusion required. Some Units with updated HVAC systems. Access to the property will be granted during due diligence period.