620 Monroe Avenue, Cape Canaveral, FL 32920

$950,000
5
BD
3
BA
3,120
SqFt
Sold Price
$950,000
List Price
$987,500
Closing Date
May 26, 2023
MLS#
959847
Status
CLOSED
Type
Single Family Residential
County
Brevard
City
Cape Canaveral
Area
Cape Canaveral
Subdivision
Oceans Gate
Bedrooms
5
Bathrooms
3
Living Area
3,120
Total Square Feet
3,049
Acres
0.07
Year Built
1986
Days on Market
71

Property Description

OCEANVIEW TRI-LEVEL MULTI-GENERATIONAL UNIT OR OFFSET MORTGAGE WITH INCOME...STEPS TO THE OCEAN!!! Will you walk to the beach to view rocket launches or simply watch them from the master bedroom or second floor balcony? This unique 1/2 duplex offers three levels and a garage, with ocean views from the 2nd and 3rd floors. It also boasts two units in one with no HOA. The door at the front leads directly to stairs to the top two floors with 2240 square feet of interior living space with full kitchen, living area, two bedrooms and a full bath on the second floor. Another set of stairs leads you to another living area with wet bar and an enormous master suite plus bath. The 880 SF bottom level features a garage at the front, & a private unit at the back with 2 bedrooms, living area, and a... kitchenette for the in-laws, guests, or income. Tile roof 2017, (3) new ACs in 2022, and decks on top two levels. Very unique!'||chr(10)||''||chr(10)||'Projected income potential for short-term rental is $145K-$250K annually boasting an impressive 15%+ CAP rate potential.

Additional Information

Tax Year
2022
Tax Amount
$3,831
Interior Features
Split Bedrooms
Location Description
Dead End Street
Equipment And Appliances
Other
Utilities
Other
Exterior Finish
Block, Concrete, Stucco
Construction
Block, Concrete, Stucco
Roof
Tile
Floor
Carpet, Vinyl
Carport Spaces
0.0
Parking
Additional Parking
Garage Spaces
1
Dwelling View
Ocean, Water
Pool Description
None
Elementary School
Cape View
Middle School
Cocoa Beach
High School
Cocoa Beach

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of EXP Realty, LLC. Selling Office: Better Homes & Gardens RE Star.