214 Madison Avenue, Cape Canaveral, FL 32920

$995,000
8
BD
4
BA
3,582
SqFt

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List Price
$995,000
MLS#
1082533
Status
ACTIVE
Type
Multifamily
County
Brevard
City
Cape Canaveral
Area
Cape Canaveral
Subdivision
Avon By The Sea
Bedrooms
8
Bathrooms
4
Living Area
3,582
Total Square Feet
13,068
Acres
0.30
Year Built
1974
Days on Market
17

Property Description

Rare Cape Canaveral Quadplex with Immediate Income & Value-Add Potential! This exceptional four-unit investment property offers the perfect blend of stable cash flow and future upside in one of the Space Coast's strongest rental markets. Located just minutes from the Atlantic Ocean, Cocoa Beach, Port Canaveral, cruise terminals, Patrick Space Force Base, Kennedy Space Center, and the area's expanding aerospace corridor, this property benefits from year-round rental demand. Two units have been tastefully renovated with modern kitchens, updated bathrooms, luxury vinyl flooring, recessed LED lighting, butcher block countertops, stainless steel appliances, fresh paint, and contemporary finishes, creating attractive turnkey units for today's tenants. The remaining two occupied units provide the next owner the opportunity to renovate over time, increasing rents and maximizing returns without sacrificing current income. The property offers generous parking, private outdoor space, dedicated storage and laundry areas, low-maintenance construction, and an excellent unit mix for long-term tenancy. Whether you're an experienced investor looking to expand your portfolio, an out-of-state buyer seeking a quality Florida asset, or completing a 1031 exchange, this property offers both immediate revenue and long-term appreciation potential. With continued growth fueled by the Space Coast's booming aerospace industry, tourism, cruise expansion, and limited multifamily inventory near the beach, opportunities like this are increasingly difficult to find. Income today. Appreciation tomorrow. Opportunity for years to come.

Additional Information

Tax Year
2025
Tax Amount
$7,633
Exterior Features
Courtyard
Equipment And Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters
Exterior Finish
Frame, Wood Siding
Construction
Frame, Wood Siding
Roof
Shingle
Floor
Carpet, Laminate, Tile, Vinyl
Parking Spaces
10
Elementary School
Cape View
Middle School
Cocoa Beach
High School
Cocoa Beach

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Calculator source: Real Geeks

Listing courtesy of ITG Realty.