285 Monroe Avenue 1,2,3,4, Cape Canaveral, FL 32920
$1,300,000
Property Type:
Residential Income
Square Footage:
4,560
Lot Size (sq. ft.):
12,632
Status:
Closed
Current Price:
$1,300,000
List Date:
8/25/2022
Last Modified:
8/12/2025
Description
TURNKEY INVESTMENT! This quadplex features 4 updated, fully furnished 2 bed, 1 bath units that are operating as vacation rentals. Your guests/residents will enjoy the charming outdoor entertainment space w/heated above ground pool that's surrounded by beautiful landscaping. Property is perfectly equipped w/everything you could need to run a successful vacation rental business. 2 bldgs make up the property that sits on a corner lot right in the heart of Cape Canaveral, just a 5 minute walk to the beach or hop on the golf cart that's included in the sale. Just next door is the new Cape Canaveral Community Center. There are separate electric & water meters so you could easily switch to long term rentals if desired. Plus 3 garages, ample parking, community laundry & ADT security system.
More Information MLS# 941470
Location, Tax, and Legal
Unit Number: 1,2,3,4
Tax Account: 2433747
Parcel Number: 24-37-23-Cg-00026.0-0007.00
General County Location: Central
Elementary School: Cape View
Middle School: Cocoa Beach
High School: Cocoa Beach
Tax Annual Amount: 4754.31
Tax Year: 2020
Tax Legal Description: AVON BY THE SEA LOTS 7 & 8 BLK 26
Directions: Heading north on A1A turn right onto Jackson Ave, then first left onto Poinsetta Ave & then first right onto Monroe, 285 is on the right.
General Property Information
Number Of Units Total: 4
Living Area: 3584
Living Area Source: Public Records
Building Area Total: 4560
Lot Size Acres: 0.29
Lot Size Square Feet: 12632
Association YN: No
Garage YN: Yes
Garage Spaces: 3
Carport YN: No
Carport Spaces: 0
Waterfront YN: No
Parking Total: 5
Water Frontage Feet: 3
Use Code: 08 / THREE OR FOUR L
Water Body Access YN: No
List Price/SqFt: 418.53
Sold Price/SqFt: 362.72
Year Built: 1965
Remarks and Miscellaneous
Public Remarks: TURNKEY INVESTMENT! This quadplex features 4 updated, fully furnished 2 bed, 1 bath units that are operating as vacation rentals. Your guests/residents will enjoy the charming outdoor entertainment space w/heated above ground pool that's surrounded by beautiful landscaping. Property is perfectly equipped w/everything you could need to run a successful vacation rental business. 2 bldgs make up the property that sits on a corner lot right in the heart of Cape Canaveral, just a 5 minute walk to the beach or hop on the golf cart that's included in the sale. Just next door is the new Cape Canaveral Community Center. There are separate electric & water meters so you could easily switch to long term rentals if desired. Plus 3 garages, ample parking, community laundry & ADT security system.
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Association Amenities
Pool: 1
Closing Company Details
Closing Company Name: Island Title & Escrow Agency, Inc.
Elaine Mahnke
elaine@islandtitle.net
321-453-6099
Closing Company Address: 2245 N. Courtney Pkwy., Merritt Island, FL 32953
Construction Materials
Block: 1
Concrete: 1
Frame: 1
Stucco: 1
Vinyl Siding: 1
Wood Siding: 1
Cooling
Central Air: 1
Electric: 1
Flooring
Carpet: 1
Laminate: 1
Tile: 1
Levels
One: 1
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Corner Lot: 1
Parking Features
Detached: 1
Pool Features
Above Ground: 1
Electric Heat: 1
Other: 1
Possession
Close Of Escrow: 1
Subject To Tenant Rights: 1
Financial Data Source
Owner: 1
Income and Expenses
Gross Scheduled Income: 100000
Net Operating Income: 90000
Operating Expense: 10000
Owner Pays
Electricity: 1
Exterior Maintenance: 1
Grounds Care: 1
Pool Maintenance: 1
Repairs: 1
Sewer: 1
Taxes: 1
Trash Collection: 1
Water: 1
Other: 1
Road Surface Type
Paved: 1
Roof
Metal: 1
Shingle: 1
Special Listing Conditions
Standard: 1
Utilities
Electricity Connected: 1
Separate Electric Meters: 1
Separate Water Meters: 1
Sewer Connected: 1
Water Available: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Lockbox: 1
Showing Considerations
Occupied: 1
Historical Information
Public Historical Remarks 3: Expenses Include-Supplies: Y, Parking-< 1 Space Per Unit: Y, Number of Buildings: 2 Buildings
Contract Information
Current Price: $1,300,000
Original List Price: 1600000
Sold Price: $1,300,000
Status: Closed
Listing Contract Date: 2022-07-22
Property Sub Type: Quadruplex
Location Tax and Legal
Street Number: 285
Street Name: Monroe
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32920
MLS Area Major: 271 - Cape Canaveral
Subdivision Name: Avon By The Sea
Status Change Information
Major Change Timestamp: 2023-11-11T03:49:48Z
Major Change Type: Price Reduced
Price Change Timestamp: 2022-09-15T13:41:32Z
Status Change Timestamp: 2022-10-28
Purchase Contract Date: 2022-09-26
Close Date: 2022-10-28
Close Price: 1300000
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer
Association Amenities: Pool
Construction Materials: Block; Concrete; Frame; Stucco; Vinyl Siding; Wood Siding
Cooling: Central Air; Electric
Financial Data Source: Owner
Flooring: Carpet; Laminate; Tile
Levels: One; Two
Listing Terms: Cash; Conventional
Lot Features: Corner Lot
Owner Pays: Electricity; Exterior Maintenance; Grounds Care; Pool Maintenance; Repairs; Sewer; Taxes; Trash Collection; Water; Other
Parking Features: Detached
Pool Features: Above Ground; Electric Heat; Other
Possession: Close Of Escrow; Subject To Tenant Rights
Road Surface Type: Paved
Roof: Metal; Shingle
Special Listing Conditions: Standard
Utilities: Electricity Connected; Separate Electric Meters; Separate Water Meters; Sewer Connected; Water Available
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: Appointment Only; Lockbox
Listing Office:
Florida Lifestyle Realty LLC
Last Updated: August - 12 - 2025
Information is deemed to be reliable, but is not guaranteed.