Beth Westphal

595 Cinnamon Drive , Satellite Beach, FL 32937

$1,500,000

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

595 Cinnamon Drive | MLS# 1077379

This commercial property located at 595 Cinnamon Drive , Satellite Beach, FL 32937 is currently listed for sale with an asking price of $1,500,000. Search Satellite Beach real estate on bethwestphal.watsonrealtycorp.com today.

Property Features

Property Type: Commercial - Investment
Cooling: Ceiling Fan(s), Central Air, Electric
Heating: Central, Electric
Lot Size: 0.38 Acres
Roof Type: Shingle, Tile
Year Built: 1963
Square Feet: 5,550

Feature Descriptions

Days on Site: 1
Exterior: Block, Concrete
Flooring: Terrazzo
Lot: Zero Lot Line
Parking Notes: Assigned, Parking Lot
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

Listed By / Shown By

Listed By

Agency Name: LPT Realty, LLC
Agency Phone: 877-366-2213

Shown By

Agent Name: Beth Westphal
Agent Phone: (386) 333-8537
Agency Title: Watson Realty Corp., REALTORS ®

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