7554 Magnolia Avenue, Cape Canaveral, FL 32920
- $385,000
- 2
- BD
- 2
- BA
- 1,008
- SqFt
- List Price
- $385,000
- Price Change
- ▼ $10,000 1787277728
- MLS#
- 1075650
- Type
- Multifamily
- Bedrooms
- 2
- Bathrooms
- 2
- Living Area
- 1,008
- Lot Size
- 6,098
- Subdivision
- Avon By The Sea
- Year Built
- 1955
Property Description
Beachside duplex opportunity in Cape Canaveral just minutes from the ocean. This property features two 1 bed / 1 bath units and is ideal for investors, house hackers, or buyers wanting to live beachside while offsetting ownership costs by renting the second unit. Generated $36,000 in 2025 through long-term and mid-term rentals. There is additional upside potential through short term rental optimization. With many nearby 1 bed / 1 bath condos selling near this price point per unit plus HOA fees, this property offers a rare opportunity to own a duplex with no HOA and a private yard. Potential for future short-term rental use with improvements needed for rear bedroom egress compliance. Buyer to verify zoning, licensing, and feasibility for intended use. Roof 2023, AC units under 3 years old, LVP flooring in both units, privacy fenced back patios for added living/storage, and unit 2 kitchen updated.
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Additional Information
- Appliances
- Dryer, Electric Oven, Electric Range, Electric Water Heater, Freezer, Microwave, Refrigerator, Washer
- Exterior Construction
- Block, Concrete, Stucco
- Roof
- Membrane
- High School
- Cocoa Beach
- Middle School
- Cocoa Beach
- Elementary School
- Cape View
- Utilities
- Cable Available, Electricity Connected, Sewer Connected, Water Connected
- Floor
- Tile, Vinyl
- Heating
- None
- Cooling
- Wall/Window Unit(s)
Listing courtesy of Atlantic Group Real Estate.