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221 Madison Avenue Cape Canaveral, FL $ 1,200,000
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$ 1,200,000 Get more info
221 Madison Avenue
$ 1,200,000
Back to search
Share Save

221 Madison Avenue

Cape Canaveral, FL, 32920
$ 1,200,000
Bedrooms12 Baths6.0 Sq 5,080

Monthly Estimate*

$ 7,486

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Multi-Family Home for sale in Cape Canaveral, FL

for $1,200,000 with 12 bedrooms and 6 full baths. This 5,080 square foot home was built in 1964 on a lot size of 0.38.

RARE OPPORTUNITY 3 BLOCKS TO THE BEACH! A 7-UNIT INVESTMENT PROPERTY! This gem of a property is currently fully occupied with wonderful tenants! A well-maintained multi-family income producing property with each unit having an open floor plan, all tile flooring, all new updated baths, newer kitchens, and every unit is super clean! Peace of mind with a brand-new roof over the entire building, and all cast iron plumbing has been replaced throughout all units! Plenty of parking and storage areas for each unit and there's an on-site coin operated laundry that generates extra income! Location, location, location makes these easy rentals w/no HOA plus only a 5-minute walk to a beach crosswalk, Port Canaveral is a short bike ride away, KSC is only a 20-minute drive, and MCO & theme parks a 35-minute drive! Plenty of shopping & restaurants within walking distance! Collect rents now and bank the land & property for a future project!

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Multi-Family Pending

Price

$ 1,200,000

Bedrooms

12

Full Bath

6

Property Type

Multi-Family

Taxes

$ 9,509

Style

Multi Family

Lot Size

0.38

Year Built

1964

Town/City

Cape Canaveral

County/Region

Brevard

MLS | Web ID

1043737
Features
General
Living Area 5080.0
Sewer Public Sewer
Heating Other Individual
Cooling Wall/Window Unit(s)
Utilities Cable Available Electricity Connected Sewer Connected Water Connected Separate Electric Meters
Possession Close Of Escrow
Roof Shingle
Appliances Dishwasher Disposal Electric Range Microwave Refrigerator
Construction Materials Concrete Frame
Year Built 1964
Tenant Pays Cable TV Electricity Telephone
Stories Count 1
Levels One
Property Subtype Multi Family
Tax Year 2024
Current Use Investment Multi-Family
Gross Income 74955.25
Additional Parcels Description 2433598
County Brevard
Operating Expense 14987.37
New Construction N
Property Type Residential Income
HOA N
Attached Garage N
Subdivision Name Avon By The Sea
Facing Direction North
Garage Y/N N
Full Baths 6
Status Pending
Directions A1A North from Cocoa Beach turn right onto Madison complex on the right
High School Cocoa Beach
City Cape Canaveral
Senior Community Y/N N
Number Of Units Total 7
MLS Area 271 - Cape Canaveral
Lot Size Units Acres
Lot Size Square Feet 16553.0
Carport Spaces 4.0
Carport Y/N Y
Elementary School Cape View
Tax Annual Amount 9509.0
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/1043737
Standard Status Pending
Legal Description AVON BY THE SEA LOT 6 & W 33 1/3 OF LOT 7 ALSO LOT 5 BLK 20
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Interior
Flooring Tile
Furnished Y/N Unfurnished
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Half Baths 0
Laundry Features Common Area
Total Bedrooms 12
Entry Level 1
Total Baths 6
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Exterior
Parking Features Additional Parking Assigned Carport Varies by Unit
Water Source Public
Lot Size Area 0.38
Spa N
Lot Size Acres 0.38
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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Internal Only
Street Number 1 221
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* Excluded Features
List By
Space Coast Realty & Inv. Llc

Broker

dg.kelley@yahoo.com

Email

Affordability Calculator

$8,279
Per Month
90%
10%
0%
Monthly Principal & Interest
$7,486
Monthly Property Taxes
$792
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
See complete school information
Pricing History
DatePricePrice ChangeDescription
7/9/2025$1,200,000 -14.29% Price Down
4/19/2025$1,400,000 Listed Price

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221 Madison Avenue, Cape Canaveral, FL, 32920 is a Multi-Family Home for sale at $1,200,000 with 5,080 sqft and a lot size of 0.38. 221 Madison Avenue has 12 bedrooms, 6.0 baths, and was built in 1964. The property's zip code is 32920 which is in Cape Canaveral, FL

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