1473 S Atlantic Avenue
Cocoa Beach, FL 32931

$1,650,000

Description

Coco Sands Cottages is an ocean front complex in South Cocoa Beach that consists of three buildings, currently operating as a combined long-term multifamily income property, and a short-term vacation rental. However, current zoning would allow a change in use to 100% vacation rental, which would dramatically increase the income. Offering includes a completely remodeled and impeccably maintained 3/3 oceanfront vacation rental, plus 6 long-term rentals. Oceanfront home can be rented simultaneously as a 2/2 with a full kitchen, and a 1/1 with a kitchenette. Some recent updates include granite countertops, new appliances, gas stove, and oversized high impact glass windows overlooking the Ocean. Over 1000 square foot patio and deck.See pro forma with financial details in attachments.

Details

MLS#802044
Sub-TypeResale
StatusContingent
Days On Site166

Features

SQ Feet3,928
Units8
Building(s)3
Water FrontYes

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Area Information

StateFL
CountyBrevard
CityCocoa Beach
Zip Code32931
Area272 - Cocoa Beach
Listing VS Median (in 32931)
Price:
$1,650,000
low | high
Med:
$337,400
100% of Average
SqFt:
3,928
low | high
Med:
1,534
100% of Average
$ / SqFt:
$420
low | high
Med:
$220
97.614546926174% of Average
On Site:
166
low | high
Med:
99.5
100% of Average
Listing Updated: 06/23/2018
MLS Number: 802044
Listing Provided By:
James Flint  of  Fischer Realty

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