Oceanfront 3/3 Vacation Rental & 6 Apartments

  SOLD July 2018 for $1,600,000

1473 S. Atlantic Avenue, Cocoa Beach, Florida 32931


Documents
  • Coco Sands Flyer - Vacation Rentals.pdf (724.5 KB)   view   download
Building Size4,320 Square Feet
Land Size12,632 Square Feet
Units8
ZoningRM2
Parking12
WaterCity
SewerCity
Year Built1961
ConstructionMasonry/conc, Wood Frame
RoofShingle/Membrane/Concrete
Buildings3
Beach Frontage50 feet

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.

Offering also includes Five 1/1 apartments, plus one 2/1 apartment, with it's own washer/dryer & jetted Jacuzzi tub. The latter also has a large deck area.

Beach house has separate laundry room and storage.

Tenants have coin operated laundry room and bike/surfboard storage area. All units have high quality window treatments & hurricane shutters.

Most long-term rentals are far below the market rate, but one unit was just rented within 4 days at our new, recommended price.

Beachhouse has been used as a vacation destination for family, and an occasional vacation rental.

See pro forma with financial details in attachments.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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