$950,000
$987,500
3.8%For more information regarding the value of a property, please contact us for a free consultation.
620 Monroe AVE Cape Canaveral, FL 32920
5 Beds
3 Baths
3,120 SqFt
Key Details
Sold Price $950,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 3,120 sqft
Price per Sqft $304
Subdivision Oceans Gate
MLS Listing ID 959847
Sold Date 05/26/23
Bedrooms 5
Full Baths 3
HOA Y/N No
Total Fin. Sqft 3120
Originating Board Space Coast MLS (Space Coast Association of REALTORS®)
Year Built 1986
Annual Tax Amount $3,831
Tax Year 2022
Lot Size 3,049 Sqft
Acres 0.07
Property Description
OCEANVIEW TRI-LEVEL MULTI-GENERATIONAL UNIT OR OFFSET MORTGAGE WITH INCOME...STEPS TO THE OCEAN!!! Will you walk to the beach to view rocket launches or simply watch them from the master bedroom or second floor balcony? This unique 1/2 duplex offers three levels and a garage, with ocean views from the 2nd and 3rd floors. It also boasts two units in one with no HOA. The door at the front leads directly to stairs to the top two floors with 2240 square feet of interior living space with full kitchen, living area, two bedrooms and a full bath on the second floor. Another set of stairs leads you to another living area with wet bar and an enormous master suite plus bath. The 880 SF bottom level features a garage at the front, & a private unit at the back with 2 bedrooms, living area, and a... kitchenette for the in-laws, guests, or income. Tile roof 2017, (3) new ACs in 2022, and decks on top two levels. Very unique!'||chr(10)||''||chr(10)||'Projected income potential for short-term rental is $145K-$250K annually boasting an impressive 15%+ CAP rate potential.
Location
State FL
County Brevard
Area 271 - Cape Canaveral
Direction End of Monroe Ave at beach on left.
Interior
Interior Features Split Bedrooms
Flooring Carpet, Vinyl
Furnishings Unfurnished
Appliance Other
Exterior
Exterior Feature ExteriorFeatures
Garage Additional Parking
Garage Spaces 1.0
Pool None
Utilities Available Other
Waterfront No
View Ocean, Water
Roof Type Tile
Parking Type Additional Parking
Garage Yes
Building
Lot Description Dead End Street
Faces South
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction No
Schools
Elementary Schools Cape View
High Schools Cocoa Beach
Others
Pets Allowed Yes
HOA Name OCEANS GATE
Senior Community No
Tax ID 24-37-23-04-00000.0-0010.00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with Better Homes & Gardens RE Star