$385,000

7554 Magnolia Avenue

2 Beds 2 Baths 1,008 Sq.Ft. 6,098 Sq.Ft.

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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Location

7554 Magnolia Avenue, Cape Canaveral, FL 32920

Status

For Sale

Property Amenities

Interior

Laundry room Electric Dryer Hookup, In Unit, Washer Hookup

Appliances Dryer, Electric Oven, Electric Range, Electric Water Heater, Freezer, Microwave, Refrigerator, Washer

Flooring Tile, Vinyl

Total Bedrooms: 2

Full Bathrooms: 2

Area & Lot

Total area 1,008 Sq.Ft.

Lot Area 6,098 Sq.Ft.

Living area 1,008 Sq.Ft.

MLS® ID 1075650

Year Built 1955

High School Cocoa Beach

Middle School Cocoa Beach

Elementary School Cape View

Type Multi-Family

Status For Sale

Exterior

Stories 1

Air conditioning Wall/Window Unit(s)

Heat type None

Water Source Public

Security Features Smoke Detector(s)

Sewer Public Sewer

Parking Off Street

Lot Features Corner Lot

Roof Membrane

Utilities Cable Available, Electricity Connected, Sewer Connected, Water Connected

Finance

Sales Price $385,000

Real Estate Tax $3,937 yearly

Ashley Hall

TITLE

Real Estate Advisor

PHONE

(321) 917-5799

[email protected]

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$385,000