116 Lincoln Avenue, Cape Canaveral, FL 32920
$308,000
Property Type:
Residential Income
Bedrooms:
4
Baths:
2
Square Footage:
1,710
Lot Size (sq. ft.):
6,098
Status:
Closed
Current Price:
$308,000
List Date:
7/10/2025
Last Modified:
8/01/2025
Description
Investor Special - Duplex in Prime Cape Canaveral Location! Just steps from the beach, restaurants, and cruise terminal, this short-term rental-zoned (Airbnb) duplex offers huge upside. Flip for resale or renovate and rent for strong returns in a high-demand area. Each unit has separate meters, natural gas, a spacious layout, an enclosed glass sunroom (not under air), and a covered back patio—ideal for added value or guest use. Large backyards provide further potential. Property requires full renovation: roof, electrical, plumbing, and interior. Keep as two units or convert to a single-family home. In-house financing available for fix-and-flip or fix-and-rent buyers. A rare opportunity to create value in one of Florida's most desirable coastal markets.
More Information MLS# 1044717
Location, Tax, and Legal
Tax Account: 2434692
Parcel Number: 24-37-23-Cg-00065.0-0015.00
General County Location: Central
Elementary School: Cape View
Middle School: Cocoa Beach
High School: Cocoa Beach
Tax Annual Amount: 4507.38
Tax Year: 2024
Tax Legal Description: AVON BY THE SEA LOT 15 BLK 65
Zoning Description: Multi Family
Directions: FL-528 E via the ramp to Canaveral/Cape-Port-A.F.S, Follow Jimmy Buffett Mem Hwy S to Lincoln Ave in Cape Canaveral, urn left onto Lincoln Ave
Destination will be on the left
General Property Information
Number Of Buildings: 1
Number Of Units Total: 2
Stories Total: 1
Bathrooms Half: 0
Living Area: 1350
Living Area Source: Public Records
Building Area Total: 1710
Lot Size Acres: 0.14
Lot Size Square Feet: 6098
Accessibility Features YN: No
Association YN: No
New Construction YN: No
Garage YN: No
Carport YN: No
Waterfront YN: No
Open Parking Spaces: 6
Senior Community YN: No
CDD Fee YN: No
Water Body Access YN: Yes
Furnished: Unfurnished
Pool Private YN: No
List Price/SqFt: 281.48
Sold Price/SqFt: 228.15
Bedrooms Total: 4
Bathrooms Total: 2
Bathrooms Full: 2
Year Built: 1957
Remarks and Miscellaneous
Public Remarks: Investor Special - Duplex in Prime Cape Canaveral Location! Just steps from the beach, restaurants, and cruise terminal, this short-term rental-zoned (Airbnb) duplex offers huge upside. Flip for resale or renovate and rent for strong returns in a high-demand area. Each unit has separate meters, natural gas, a spacious layout, an enclosed glass sunroom (not under air), and a covered back patio—ideal for added value or guest use. Large backyards provide further potential. Property requires full renovation: roof, electrical, plumbing, and interior. Keep as two units or convert to a single-family home. In-house financing available for fix-and-flip or fix-and-rent buyers. A rare opportunity to create value in one of Florida's most desirable coastal markets.
Closing Company Details
Closing Company Name: Fidelity National Title
Closing Company Address: 8247 Devereux Dr #101, Melbourne 32940
Construction Materials
Block: 1
Cooling
Electric: 1
Current Use
Multi-Family: 1
Residential: 1
DPR Eligible
DPR Eligible: Yes
Fencing
Back Yard: 1
Fenced: 1
Wire: 1
Wood: 1
Flooring
Concrete: 1
Laminate: 1
Terrazzo: 1
Heating
Central: 1
Laundry Features
In Unit: 1
Washer Hookup: 1
Listing Terms
Cash: 1
Other: 1
Parking Features
Off Street: 1
Possession
Negotiable: 1
Subject To Tenant Rights: 1
Water Body Access Type
Public Accessible: 1
Financial Data Source
Owner: 1
Owner Pays
HVAC Maintenance: 1
Repairs: 1
Roof Maintenance: 1
Road Surface Type
Asphalt: 1
Roof
Membrane: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Gas: 1
Grounds Care: 1
Hot Water: 1
Sewer: 1
Trash Collection: 1
Water: 1
Unit 1 Details
Unit ID: 116
Actual Rent: 750
Unit SqFt: 675
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Tenant occupied, under market value.
Unit 2 Details
Unit ID: 118
Actual Rent: 740
Unit SqFt: 675
Beds Total: 2
Full Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Tenant occupied, under market value.
Utilities
Electricity Connected: 1
Natural Gas Connected: 1
Separate Electric Meters: 1
Separate Water Meters: 1
Sewer Connected: 1
Water Source
Public: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Agent: 1
Showing Service: 1
Showing Considerations
Occupied: 1
Pet(s) on Premises: 1
Contract Information
Current Price: $308,000
Original List Price: 380000
Sold Price: $308,000
Status: Closed
Listing Contract Date: 2025-04-30
Property Sub Type: Duplex
Location Tax and Legal
Street Number: 116
Street Name: Lincoln
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32920
MLS Area Major: 271 - Cape Canaveral
Status Change Information
Major Change Timestamp: 2025-08-01T19:42:44Z
Major Change Type: Status Change
Status Change Timestamp: 2025-08-01
Purchase Contract Date: 2025-07-25
Close Date: 2025-08-01
Close Price: 308000
Property Features
Construction Materials: Block
Cooling: Electric
Current Use: Multi-Family; Residential
Fencing: Back Yard; Fenced; Wire; Wood
Financial Data Source: Owner
Flooring: Concrete; Laminate; Terrazzo
Heating: Central
Laundry Features: In Unit; Washer Hookup
Listing Terms: Cash; Other
Owner Pays: HVAC Maintenance; Repairs; Roof Maintenance
Parking Features: Off Street
Possession: Negotiable; Subject To Tenant Rights
Road Surface Type: Asphalt
Roof: Membrane
Sewer: Public Sewer
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Gas; Grounds Care; Hot Water; Sewer; Trash Collection; Water
Utilities: Electricity Connected; Natural Gas Connected; Separate Electric Meters; Separate Water Meters; Sewer Connected
Water Body Access Type: Public Accessible
Water Source: Public
Showing Considerations: Occupied; Pet(s) on Premises
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Showing Service
Sellers Disclosure ›
Listing Office:
Florida Homes & Loans Inc.
Last Updated: August - 01 - 2025
Information is deemed to be reliable, but is not guaranteed.