418 Adams Ave - Apartments FOR SALE


Cape Canaveral, FL 32920
$3,600,000 USD
321-349-5068
418 Adams Ave, Cape Canaveral, FL for Sale
$3,600,000 USD
Apartments - FOR SALE
1/49
null | 3.75% Cap Rate

418 Adams Ave
Cape Canaveral, FL 32920


OVERVIEW

This boutique 9-unit apartment building, located a mere 1 1/2 blocks from the beach, offers an unparalleled opportunity for developers seeking the perfect value-add scenario. Nestled just a stone's throw away from the pristine shores of Cape Canaveral, the Blue Coast Apartments stand as a testament to coastal living at its finest. With a construction of concrete block, both in its inner-walls and structure, the Blue Coast Apartments exude durability and timeless charm. Residents here enjoy the comfort of central air conditioning, A+ walkability, ensuring that coastal living remains a breeze year-round. But what truly sets this property apart is the exclusive opportunity it presents for developers. With a vision to renovate and elevate, the Blue Coast Apartments invite those with foresight to bring these gems up to market value. Picture it - modern finishes, sleek amenities, and a fresh coastal aesthetic. As the sun dips below the horizon, the private courtyard becomes a tranquil haven for residents, offering a serene retreat amidst the vibrant beach community. The Blue Coast Apartments are more than just a building; they're a canvas for a developer's imagination. A canvas that, when brought to life, promises not only a sound investment but also a piece of Cape Canaveral's coastal dream. This is the chance to transform an already exceptional location into a true masterpiece of coastal living. Show by appointment only.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

9

PRICE/UNIT

$400,000

CAP RATE

3.75%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,500 SF

ZONING

R2, Cape Canaveral

APN/PARCEL ID

24-37-23-CG-00004.0-0013.00

ASK ABOUT THIS PROPERTY

James EdmundsONE Sotheby's International RealtyMore Info
321-349-5068

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James EdmundsONE Sotheby's International RealtyMore Info
321-349-5068

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.