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Jill Steinhauser

jill@liveinbrevardfl.com +1(321) 480-0863

$ 1,500,000

Est. payment | -/mo

8 Baths

5,550 SqFt

Save

$ 1,500,000

Est. payment | -/mo

Save

8 Baths

5,550 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,550 sqft

Price per Sqft $270

Subdivision Michigan Beach Replat Of Part Of 3Rd Add To

MLS Listing ID 1077379

HOA Y/N No

Total Fin. Sqft 5550

Year Built 1963

Annual Tax Amount $16,224

Tax Year 2025

Lot Size 0.380 Acres

Acres 0.38

Property Sub-Type Multi Family

Source Space Coast MLS (Space Coast Association of REALTORS®)

Land Area 5550

Property Description

8 unit multifamily asset offering immediate income, operational flexibility, and clear upside. All leases are month to month, giving the next owner flexibility to adjust rents, improve terms, renovate strategically, or reposition the asset over time. The unit mix includes five 1 bedroom, 1 bath units and three 2 bedroom, 1 bath units, serving a strong tenant pool and supporting long term rental demand. Major capital items have already been addressed, including a 7 year old roof, newer AC systems, updated electrical, and a recently repaved parking lot. With flexible lease terms, a marketable unit mix, and major updates already completed, this is a strong opportunity to acquire an 8 unit multifamily property with immediate rental income and room to grow.

Location

State FL

County Brevard

Area 381 - N Satellite Beach

Direction Highway A1A N/S to Cinnamon Dr. Turn West on Cinnamon Dr. 2nd to last building on the south side of the street before you arrive at South Patrick Drive

Interior

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Terrazzo

Inclusions Building & Land

Exterior

Exterior Feature ExteriorFeatures

Parking Features Assigned, Parking Lot

Fence Block

Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters, Separate Water Meters

Roof Type Shingle,Tile

Present Use Investment,Multi-Family

Road Frontage City Street

Garage No

Building

Lot Description Zero Lot Line

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 26-37-35-55-0000f.0-0011.00

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Space Coast Association of Realtors (Brevard MLS)

Listed by LPT Realty, LLC

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(321) 480-0863

jill@liveinbrevardfl.com

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595 Cinnamon DR Satellite Beach, FL 32937