7521 Magnolia Avenue Cape Canaveral, FL $ 1,450,000
7521 Magnolia Avenue
$ 1,450,000
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7521 Magnolia Avenue

Cape Canaveral, FL, 32920
$ 1,450,000
Bedrooms15 Baths8.0 Sq 4,906

Monthly Estimate*

$ 9,046

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Multi-Family Home for sale in Cape Canaveral, FL

for $1,450,000 with 15 bedrooms and 8 full baths. This 4,906 square foot home was built in 1962 on a lot size of 0.16.

Beachside Investment Opportunity - Fully Renovated 8-Unit Multifamily Property Just steps from the beach, this fully renovated 8-unit property presents an exceptional investment opportunity in a prime location. Fully renovated in 2020 down to the studs, this property is turn-key, fully tenant-occupied, and ready to generate income immediately. The property features 2 spacious 3-bedroom units, 3 well-sized 2-bedroom units, and 3 cozy 1-bedroom units. Each unit has its own private exterior entry, providing added privacy and convenience, along with ample parking for residents. Located just a short walk to the beach and a quick drive to Port Canaveral and Cocoa Beach, this property offers the perfect blend of beachside living and easy access to local attractions. Its high-quality renovations and prime location make it an ideal addition to any investment portfolio. Don't miss out on this incredible opportunity to own a fully updated multifamily property in one of the most sought-after beach areas in the region!

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Multi-Family Active

Price

$ 1,450,000

Bedrooms

15

Full Bath

8

Property Type

Multi-Family

Taxes

$ 14,379

Style

Multi Family

Lot Size

0.16

Year Built

1962

Town/City

Cape Canaveral

County/Region

Brevard

MLS | Web ID

1039315

Features
General
Living Area 4906.0
Sewer Public Sewer
Heating Varies by Unit
Cooling Wall/Window Unit(s) Split System
Utilities Cable Available Electricity Connected Sewer Connected
Possession Close Of Escrow
Roof Membrane Shingle
Construction Materials Block Concrete
Year Built 1962
Tenant Pays Electricity
Property Subtype Multi Family
Tax Year 2024
Current Use Multi-Family
Gross Income 123000.0
Additional Parcels Description 2434102
County Brevard
Net Operating Income 90832.0
New Construction N
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name Avon By The Sea
Facing Direction South
Garage Y/N N
Full Baths 8
Status Active
Directions From A1A/Harrison Ave head east on Harrison Ave. Turn south on to Magnolia Ave and arrive at property on the right.
High School Cocoa Beach
City Cape Canaveral
Senior Community Y/N N
Number Of Units Total 8
MLS Area 271 - Cape Canaveral
Lot Size Units Acres
Lot Size Square Feet 6970.0
Carport Y/N N
Elementary School Cape View
Tax Annual Amount 14379.5
Home Warranty Y/N N
Middle/Junior High School Cocoa Beach
Lease Renewal Y/N N
MLS Area Minor 271 - Cape Canaveral
Lease Considered Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/spc/1039315
Standard Status Active
Legal Description AVON BY THE SEA LOT 15 EX N 50 FT & LOT 16 EX N 50 FT BLK 43
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Exterior
Exterior Amenities Impact Windows
Fencing Wood
Parking Features Parking Lot
Water Source Public
Lot Size Area 0.16
Number of Buildings 1
Spa N
Building Area Total 6557.0
Lot Size Acres 0.16
Road Surface Type Asphalt
Waterfront Y/N N
Road Frontage Type City Street
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Furnished Y/N Unfurnished
Total Stories 3
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Laundry Features Common Area
Total Bedrooms 15
Total Baths 8
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Internal Only
Street Number 1 7521
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* Excluded Features
List By
Blue Marlin Real Estate

Broker

brandonphillips@bluemarlinre.com

Email

Affordability Calculator

$10,244
Per Month
88%
12%
0%
Monthly Principal & Interest
$9,046
Monthly Property Taxes
$1,198
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1362980 Elementary School
1363027 Middle School
Cocoa Beach High School High School
Pricing History
DatePricePrice ChangeDescription
10/16/2025$1,450,000 -3.33% Price Down
3/7/2025$1,500,000 Listed Price

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7521 Magnolia Avenue, Cape Canaveral, FL, 32920 is a Multi-Family Home for sale at $1,450,000 with 4,906 sqft and a lot size of 0.16. 7521 Magnolia Avenue has 15 bedrooms, 8.0 baths, and was built in 1962. The property's zip code is 32920 which is in Cape Canaveral, FL