116 Lincoln Avenue 116-118, CAPE CANAVERAL, FL 32920
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  • MLS#: O6304530 ( Residential Income )
  • Street Address: 116 Lincoln Avenue 116-118
  • Viewed: 4
  • Price: $380,000
  • Price sqft: $222
  • Waterfront: No
  • Year Built: 1957
  • Bldg sqft: 1710
  • Bedrooms: 4
  • Total Baths: 2
  • Days On Market: 81
  • Additional Information
  • Geolocation: 28.3808 / -80.6044
  • County: BREVARD
  • City: CAPE CANAVERAL
  • Zipcode: 32920
  • Subdivision: Avon By Sea
  • Provided by: FLORIDA HOMES & LOANS INC.
  • Contact: Gemma Peterson
  • 407-242-7758
  • mfrmls
  • DMCA Notice
  • Description
    Investor Special High Upside Duplex in Coastal Cape Canaveral! Just a short stroll to the sandy shoreline, popular beach bars, and local dining hotspots, this versatile duplex is perfectly positioned in one of the Space Coasts most sought after areas. With zoning that allows short term rentals (AirBnB), the opportunity here is immenseflip it for a strong resale or renovate and rent for powerful cash flow in a high demand vacation and cruise port destination. Each unit is separately metered and connected to natural gas, with a generous layout and the added bonus of a fully enclosed glass sunroomseparate from the main living areaand a covered back patio, both offering great potential for added value as guest space, storage, or outdoor entertainment areas. The property will need a complete remodel including roof, electrical, plumbing, and interior updates, making it the ideal project for seasoned investors or visionary builders. Whether you choose to keep it as two income producing units or convert it into a single family home, this is a rare chance to add significant value in an unbeatable location. In house financing options are available for fix and flip or fix and rent strategies, giving buyers added flexibility and fast access to returns. This is more than a propertyits a canvas for your next profitable project in Floridas thriving coastal market. Want to live in one unit and rent out the other? Ask us about the FHA renovation loan.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Fence
  • Flooring: Concrete, Laminate, Terrazzo
  • Living Area: 1350.00
  • Roof: Membrane
Property Information
  • Property Condition: Fixer
Land Information
  • Lot Features: Corner Lot, Oversized Lot
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Common, Driveway, Guest, Oversized, Parking Pad
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central
  • Pets Allowed: Yes
  • Sewer: Private Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electricity, Gas, Sewer, Trash Collection, Water
Other Features
  • Appliances: Gas Water Heater
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Ceiling Fans(s)
  • Legal Description: AVON BY THE SEA LOT 15 BLK 65
  • Levels: One
  • Area Major: 32920 - Cape Canaveral/Port Canaveral
  • Occupant Type: Tenant
  • Parcel Number: 24 3723-CG-65-15
  • Possession: Close Of Escrow
  • Unit Number: 116-118
  • Zoning Code: C1