UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,582 sqft
Price per Sqft $277
Subdivision Avon By The Sea
MLS Listing ID 1082533
Bedrooms 8
Full Baths 4
HOA Y/N No
Total Fin. Sqft 3582
Year Built 1974
Annual Tax Amount $7,633
Tax Year 2025
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Quadruplex
Source Space Coast MLS (Space Coast Association of REALTORS®)
Property Description
Two units have been tastefully renovated with modern kitchens, updated bathrooms, luxury vinyl flooring, recessed LED lighting, butcher block countertops, stainless steel appliances, fresh paint, and contemporary finishes, creating attractive turnkey units for today's tenants. The remaining two occupied units provide the next owner the opportunity to renovate over time, increasing rents and maximizing returns without sacrificing current income.
The property offers generous parking, private outdoor space, dedicated storage and laundry areas, low-maintenance construction, and an excellent unit mix for long-term tenancy. Whether you're an experienced investor looking to expand your portfolio, an out-of-state buyer seeking a quality Florida asset, or completing a 1031 exchange, this property offers both immediate revenue and long-term appreciation potential.
With continued growth fueled by the Space Coast's booming aerospace industry, tourism, cruise expansion, and limited multifamily inventory near the beach, opportunities like this are increasingly difficult to find.
Income today. Appreciation tomorrow. Opportunity for years to come.
Location
State FL
County Brevard
Area 271 - Cape Canaveral
Direction From 528 heading East turn left at N. Atlantic Ave then turn Right on Madison Ave and the Quadplex will be on the left.
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Carpet, Laminate, Tile, Vinyl
Furnishings Unfurnished
Appliance Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Laundry Multiple Locations
Exterior
Exterior Feature Courtyard
Fence Wood
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters
Roof Type Shingle
Present Use Multi-Family
Street Surface Asphalt
Road Frontage City Street
Garage No
Private Pool No
Building
Faces South
Story 1
Sewer Public Sewer
Water Public
New Construction No
Schools
Elementary Schools Cape View
High Schools Cocoa Beach
Others
Senior Community No
Tax ID 24-37-23-Cg-00014.0-0012.00
Security Features Security Lights,Smoke Detector(s)
Acceptable Financing Cash, Conventional, FHA, Other
Listing Terms Cash, Conventional, FHA, Other
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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