ONCE IN A LIFETIME OPPORTUNITY! OWN 6 Duplexes all 2/1 situated on large .7 acre lot on BANANA RIVER and 3 min walk to beach! Huge income right now ($205,000k NOI) with 8 multi-year long term tenants and 4 very successful vacation rentals. There is great opportunity to increase your yearly income tremendously by converting more units to vacation rentals. So many upgrades have been done: roofs, PVC drains, seawall less than 7 years, window, tankless water heaters, appliances, electrical, a/c all within 6 years, new asphalt main entrance/street and more! Very little deferred expenses! DO NOT WALK PROPERTY WITHOUT LIST AGENT! Property is being sold with a nice 5.5 cap plus huge value added! ONE OF A KIND! This RIVERFRONT COMMUNITY IS A PARADISE! NO DRIVE BY CALL AGENT,SELLER FINANCING
Off market
$1,636,700
3550 S Atlantic Ave APT 1-12, Cocoa Beach, FL 32931
--beds
0baths
--sqft
MultiFamily
Built in 1956
-- sqft lot
$1,636,700 Zestimate®
$--/sqft
$2,493 Estimated rent
What's special
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$1,636,700
2% more+ $32,734
With Zillow Showcase(estimated)
$1,669,434