$1,356,750
$1,500,000
9.6%For more information regarding the value of a property, please contact us for a free consultation.
595 Cinnamon DR Satellite Beach, FL 32937
8 Baths
5,550 SqFt
Key Details
Sold Price $1,356,750
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,550 sqft
Price per Sqft $244
Subdivision Michigan Beach Replat Of Part Of 3Rd Add To
MLS Listing ID 1077379
Sold Date 07/30/26
HOA Y/N No
Total Fin. Sqft 5550
Year Built 1963
Annual Tax Amount $16,224
Tax Year 2025
Lot Size 0.380 Acres
Acres 0.38
Property Sub-Type Multi Family
Source Space Coast MLS (Space Coast Association of REALTORS®)
Land Area 5550
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.
Location
State FL
County Brevard
Area 381 - N Satellite Beach
Direction Highway A1A N/S to Cinnamon Dr. Turn West on Cinnamon Dr. 2nd to last building on the south side of the street before you arrive at South Patrick Drive
Interior
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Terrazzo
Exterior
Exterior Feature ExteriorFeatures
Parking Features Assigned, Parking Lot
Fence Block
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters, Separate Water Meters
Roof Type Shingle,Tile
Present Use Investment,Multi-Family
Road Frontage City Street
Garage No
Building
Lot Description Zero Lot Line
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 26-37-35-55-0000f.0-0011.00
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Bought with Compass Florida, LLC