4-Unit Cape Canaveral Condo Package

4-Unit Cape Canaveral Condo Package

8 bed 8 bath 4440 sq ft Built in 1981 Condominium
Login or register to unlock this property’s address.
80
Quality of Comparables
Low High
18 /20
Level of Rehab
Heavy Light
14/20
Location of Neighborhood
Far Close
18/20
Quality of Floor Plan
Choppy Flowing
17/20
School Rating
F A
5/10
Placement in Neighborhood
Busy Calm
8/10
Property Details

This 4-unit property in Cape Canaveral, Brevard County, is currently income-producing and rented, bringing in $6600 per month. With three of the tenants being on a month-to-month basis, in the event an investor elected to hold these properties as rentals, you could easily achieve $1900 per month, bringing the monthly income to $7,600. 

It has a new roof that was put on in 2023 and a high-voltage electric replacement in 2022. The air conditioning and water heaters have been replaced in the last four years. A full cosmetic rehab is recommended to further enhance its value by adding LVP flooring, paint, kitchen cabinets, and refreshing the bathrooms. The property is well-positioned near A-rated schools, beaches, the cruise port, restaurants, and shopping. 

The cheapest active 2-bedroom comparable in the area is listed at $260,000, highlighting the investment potential. For optimal results, consider flipping one unit at a time to maintain a steady stream of rental income throughout the renovation process.

Reach out to your EquityPro Advisor today so you don't miss out on this opportunity.

Ask about this property
Log in/Register to ask about this property.

We recommend flip
Rental Income
$7,600 mo. / $91,200 yr.
Property Insurance
$13,800 / yr.
Estimated Taxes
$6,400 / yr.
Maintenance
$1,000 / yr.
HOA Dues
$12,000 / yr.
$48,880
Projected Income
5.97%
Estimated APY
$306,800
Projected Income
34.35%
Estimated ROI

Comps

 
Listed
 
Pending
 
Sold

Unlock this property’s comps.