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311 Harrison Avenue, Cape Canaveral, FL 32920

$3,300,000
Property Type: Residential Income Square Footage: 8,268 Lot Size (sq. ft.): 10,454 Status: Closed
Current Price: $3,300,000 List Date: 6/15/2021 Last Modified: 12/15/2023

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.

More Information MLS# 907787

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 Tax Account: 2433955 Parcel Number: 24-37-23-Cg-00038.0-0007.01 County: Brevard State: FL Postal Code: 32920 MLS Area Major: 271 - Cape Canaveral 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 Year Built: 1959 Garage YN: No Carport YN: No Parking Total: 20 Lot Size Acres: 0.66 Lot Size Square Feet: 10454 Association YN: No Use Code: 03 / GARDEN APARTMEN Waterfront YN: No List Price/SqFt: 459.6 Sold Price/SqFt: 399.13

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.

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

Closing Company Details

Closing Company Address: Bella Title

Income and Expenses

Gross Scheduled Income: 348000 Net Operating Income: 236950 Operating Expense: 94030

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

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: December - 15 - 2023

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The listing broker’s offer of compensation is made only to participants of Space Coast MLS as well as Florida Realtors® MLS Advantage Participants and Particpants in the Coast2Coast datashare.