3550 S Atlantic Avenue, Cocoa Beach, FL 32931

$3,950,000
16
BD
7
BA
8,656
SqFt

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List Price
$3,950,000
MLS#
1083552
Type
Multifamily
Bedrooms
16
Bathrooms
7
Living Area
8,656
Lot Size
30,492
Subdivision
Orlando Beach
Year Built
1956

Property Description

ONCE IN A LIFETIME OPPORTUNITY! OWN 6 Duplexes (12 units all 2/1) situated on large .7 acre lot on BANANA RIVER and 3 min walk to beach! Huge income right now with 6 long term tenants and 6 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, new TREX-dock, all roofs appx 7 to 9 years old, 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! ONE OF A KIND! This RIVERFRONT COMMUNITY IS A PARADISE! 2 BOAT SLIP ALLOWED. NO DRIVE BY CALL AGENT. PLEASE DO NOT DRIVE BY WITHOUT LIST AGENT APPROVAL..

Additional Information

Appliances
Dryer, Electric Range, Microwave, Refrigerator, Tankless Water Heater, Washer
Exterior Construction
Block, Concrete, Stucco
Roof
Metal, Shingle
High School
Cocoa Beach
Middle School
Cocoa Beach
Elementary School
Roosevelt
Utilities
Water Available
Floor
Tile
Heating
Central
Cooling
Central Air

Listing courtesy of RE/MAX Alternative Realty.

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Calculator source: Real Geeks