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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

    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

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0

    Property

    Lot
    • Size: 0.70 Acres
    Details
    • Parcel number: 2537352500003.00004.00

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1956

    Community & neighborhood

    Location
    • Region: Cocoa Beach
    Services availability
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow

    Get a free Zillow Showcase℠ listing and you could sell for .

    $1,636,700
    2% more+ $32,734
    With Zillow Showcase(estimated)
    $1,669,434