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595 Cinnamon Drive

Satellite Beach, FL

Listing Details

  • $1,500,000
  • MLS# 1077379
  • Type Commercial - Investment
  • Status
  • 8
    Bathrooms
  • 5,550
    Square Feet
  • 0.380 acres
    Lot Size
  • 1963
    Year Built

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... Read more is a strong opportunity to acquire an 8 unit multifamily property with immediate rental income and room to grow.

Key Features

No amenity information available.

View All Features
595 Cinnamon Drive
Satellite Beach, FL 32937
Subdivision
Michigan Beach Replat of Part of 3rd Add To
County
Brevard

Contact the Agent

Luxury Homes Specialist
Contact the Listing Agent
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All Property Features

  • Property Type: Commercial - Investment
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Days on Site: 39
  • Exterior: Block, Concrete
  • Flooring: Terrazzo
  • Heating: Central, Electric
  • Lot Description: Zero Lot Line
  • Lot Size: 0.38 Acres
  • Parking Notes: Assigned, Parking Lot
  • Roof Type: Shingle, Tile
  • Security/ Safety Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Public Sewer
  • Utility Features: Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters, Separate Water Meters
  • Water: Public
  • Year Built: 1963