$1,400,000

221 Madison Ave Cape Canaveral, FL 32920

Cocoa Beach Neighborhood

Estimated payment $8,591/month

Total Views 626
12 Beds
6 Baths
5,080 Sq Ft
$276 Price per Sq Ft

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Laundry Facilities
  • Cocoa Beach Junior/Senior High School Rated A
  • Tile Flooring
  • 1-minute walk to Canaveral City Park

About This Home

RARE OPPORTUNITY 3 BLOCKS TO THE BEACH! A 7-UNIT INVESTMENT PROPERTY! This gem of a property is currently fully occupied with wonderful tenants! A well-maintained multi-family income producing property with each unit having an open floor plan, all tile flooring, all new updated baths, newer kitchens, and every unit is super clean! Peace of mind with a brand-new roof over the entire building, and all cast iron plumbing has been replaced throughout all units! Plenty of parking and storage areas for each unit and there's an on-site coin operated laundry that generates extra income! Location, location, location makes these easy rentals w/no HOA plus only a 5-minute walk to a beach crosswalk, Port Canaveral is a short bike ride away, KSC is only a 20-minute drive, and MCO & theme parks a 35-minute drive! Plenty of shopping & restaurants within walking distance! Collect rents now and bank the land & property for a future project!

Listing Agent

Donna Gianotti-Kelley

Space Coast Realty & Inv. LLC License #3242222

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,509

Year Built

  • Built in 1964

Lot Details

  • 0.38 Acre Lot
  • North Facing Home

Home Design

  • Frame Construction
  • Shingle Roof
  • Concrete Siding
  • Asphalt

Interior Spaces

  • 5,080 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Carport Spaces
  • Varies By Unit
  • Additional Parking
  • Assigned Parking

Schools

  • Cape View Elementary School
  • Cocoa Beach Middle School
  • Cocoa Beach High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • Separate Meters
  • Cable TV Available

Listing and Financial Details

  • The owner pays for common area maintenance, exterior maintenance, grounds care, HVAC maintenance, insurance, management, pest control, repairs, roof maintenance, sewer, taxes, trash collection, water
  • Assessor Parcel Number 24-37-23-Cg-00020.0-0006.00

Community Details

Overview

  • No Home Owners Association
  • 7 Units
  • Avon By The Sea Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Operating Expense $14,987
  • Gross Income $74,955

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,509

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1964
  • Reso Property Sub Type: Multi Family
  • ResoLaundryFeatures: Common Area
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Avon By The Sea
  • Carport Y N: Yes
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Income And Expenses Operating Expense: 14987.37
  • Owner Pays:Sewer2: Yes
  • Laundry Features Common Area2: Yes
  • General Property Information:Pool Private YN: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile
  • Appliances: Dishwasher, Disposal, Electric Range, Microwave, Refrigerator
  • Full Bathrooms: 6
  • Total Bedrooms: 12
  • Stories: 1
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.38
  • Pool Private: No
  • Construction Type: Concrete, Frame
  • Direction Faces: North
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Frame: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Additional Parking, Assigned, Carport, Varies by Unit
  • General Property Information:Garage YN: No
  • Parking Features:Additional Parking: Yes
  • Parking Features:Carport: Yes
  • Parking Features:Assigned: Yes
  • General Property Information:Open Parking Spaces2: 4.0

Utilities

  • Cooling: Wall/Window Unit(s)
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters
  • Heating: Other, Individual
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Individual: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Cocoa Beach

Lot Info

  • Current Use: Investment, Multi-Family
  • Lot Size Sq Ft: 16553.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2433598
  • Parcel #: 24-37-23-Cg-00020.0-0006.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished
  • Tenant Pays: Cable TV, Electricity, Telephone
  • Owner Pays: Common Area Maintenance, Exterior Maintenance, Grounds Care, HVAC Maintenance, Insurance, Management, Pest Control, Repairs, Roof Maintenance, Sewer, Taxes, Trash Collection, Water

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 9509.0

Multi Family

  • Number Of Units Total: 7
  • Annual Gross Income: 74955.25
  • Income Includes: ["Laundry"]
  • Annual Operating Expense: 14987.37

MLS Schools

  • Elementary School: Cape View
  • High School: Cocoa Beach

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2025 04/19/25 For Sale $1,400,000 -- $276 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

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

MLS Number: 1043737

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 24-37-23-CG-00020.0-0006.00

Florida Brevard County Cape Canaveral 32920 Cocoa Beach

221 Madison Ave, Cape Canaveral, FL

Homes for Sale in Cape Canaveral, FL

This home is located at 221 Madison Ave, Cape Canaveral, FL 32920 and is currently priced at $1,400,000, approximately $275 per square foot. This property was built in 1964. 221 Madison Ave is a home located in Brevard County with nearby schools including Cape View Elementary School, Cocoa Beach Junior/Senior High School, and Our Saviour School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Space Coast MLS (Space Coast Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Donna Gianotti-Kelley
Listing Agent
Donna Gianotti-Kelley
Section Image
Space Coast Realty & Inv. LLC
(321) 844-6593