Active

7521 Magnolia Avenue

Cape Canaveral FL, 32920

$1,500,000


$305.75 per sqft

Active

15 Beds

8 Baths

4,906 sqft

Multi-family

Built in 1962

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!

1039315

MLS ID

March 7, 2025

Listed

March 11, 2025

Updated

Interior Features

Total Stories

3


Bedrooms

15


Total Bathrooms

8


Full Bathrooms

8


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s), Split System


Heating

Yes


Heating Description

Varies by Unit

Exterior/Building Features

Lot Size

0.16 Acres


Exterior Features

Impact Windows


Roof

Membrane, Shingle


Sewer

Public Sewer

School Information

High School

Cocoa Beach


Elementary School

Cape View

Other Property Details

Area Name

271 - Cape Canaveral


Taxes

$14,380


Tax Frequency

Annually


Garage

No


Parking

Parking Lot


View

No


County

Brevard


Water Source

Public


Utilities

Cable Available, Electricity Connected, Sewer Connected

Courtesy of Blue Marlin Real Estate, Brandon Phillips,
Listing Contact: 321-877-2902 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Megan Ross shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2025 FL - MLS of South Brevard & the Space Coast Association of REALTORS (SPACE). All rights reserved.

 

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