|Building Size||4,906 Square Feet|
|Land Size||0.16 Acres|
|Zoning||R-2 - 8 units|
|Roof||Membrane & Shingle|
Incredible multifamily investment opportunity only 2 blocks from the beach, 1 mile from Port Canaveral, and 1 mile to the Cocoa Beach Pier. Next to the city park, and 1 block from the library.
Building is currently gutted and boarded, with level 3 rehab required to bring it up to code. Two new roofs complete, but a new permit must be issued. One smaller shingle section still needs repair. $167,000 code enforcement judgement, and 5 years back-taxes will be paid from proceeds at closing.
Gross Potential Rent $7415/month or $88,980/year*
*Market Rate for similar units
Drive by OK, but do not enter the property. Walk-thru's permitted during buyer's due-diligence period.
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.