418 Adams Ave Cape Canaveral, FL 32920
- Apartment buildings
- 3,960 SF
- 0.29 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 418 Adams Ave
- Year built
- 1966
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.29 lot acres
- Property size
- 3,960 SF
- Zone code
- R2
- Property type
- Apartment buildings
- APN
- 24-37-23-CG-00004.0-0013.00
- APU
- 243723CG000040001300
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cape Canaveral
- County
- Brevard
- State
- Florida
- Longitude
- -80.6005
- Latitude
- 28.3908
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
