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    418 Adams Ave Cape Canaveral, FL 32920

    For Sale
    $3,550,000

    Beachfront 9-Unit Apartment Building

    Property size:
    6,864 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 9-unit apartment building, located at 418 Adams Avenue in Cape Canaveral, Florida, presents a compelling investment opportunity. The property boasts 6,864 square feet on a 0.29-acre lot and features concrete block construction, ensuring durability and longevity. Built in 1966, this two-story building offers nine units, each equipped with central air conditioning. Its prime location, just 1.5 blocks from the beach, provides unparalleled walkability and access to the vibrant Cape Canaveral coastal lifestyle. A private courtyard offers residents a tranquil retreat. The property's current condition presents a significant value-add opportunity for developers seeking to renovate and modernize the units, enhancing their market value and rental income. The building's solid foundation and desirable location make it an attractive prospect for investors looking to capitalize on the thriving Cape Canaveral real estate market. The asking price is $3,550,000. Showings are by appointment only. The property's zip code is 32920.

    Property Features for 418 Adams Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,864 SF
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1966
    Stories
    2
    Units
    9

    HighLights

    • 9‑unit apartment building, 1.5 blocks from Cape Canaveral beach.
    • Concrete block construction.
    • Central air conditioning.
    • Excellent walkability.
    • Value‑add opportunity for developers.
    • Private courtyard.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cape Canaveral
    County
    Brevard
    State
    Florida
    Longitude
    -80.600543
    Latitude
    28.3907562

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    FAQs

    What type of property is this?
    Multifamily property - Beachfront 9-Unit Apartment Building
    Where is this multifamily property located?
    The property is located at 418 Adams Ave Cape Canaveral, FL.
    What is the asking price?
    The asking price for this property is $3,550,000.
    What are key features of this property?
    This property features: 9-unit apartment building, 1.5 blocks from Cape Canaveral beach.; Concrete block construction.; Central air conditioning.
    Request Owner's contact information
    418 Adams Ave Cape Canaveral, FL 32920
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    Cape Canaveral, FL 32920
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    418 Adams Ave Cape Canaveral, FL 32920
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