860 S Orlando, Cocoa Beach, FL 32931

$1,128,000
4,806
SqFt
List Price
$1,128,000
Price Change
▼ $160,000 1556828838
MLS#
804027
Status
ACTIVE
Type
Multifamily
County
Brevard
City
Cocoa Beach
Area
Cocoa Beach
Subdivision
Cleggmoor Subd
Living Area
4,806
Total Area
5,016
Acres
0.44
Year Built
2002
Financing - Owner Will Consider
Cash, Conventional

Property Description

SELLER WILL CONSIDER ALL OFFERS. RUN NUMBERS. 5.6% cap rate. 75% of sale must be 1031, remaining 25% open to SELLER FINANCING. Also open to creative and/or long term agreement.Currently units are rented long term, but property was originally designed for weekly/daily/vacation rentals w/separate laundry room to service same and poolside restrooms. Conversion could generate considerably greater revenue. 14' screened gazebo. 80% of roof is new. All windows & doors replaced with hurricane rated within last 2 yrs. 3 new w/h, 1 new a/c, 2 units new carpet, new fencing, some new appliances. 4 identical 1200 sf. units.

Additional Information

Style
Two Story
Hoa
None
Tax Year
2017
Tax Amount
$7,575
Community Amenities
Other - Call Agent
Location Description
East of US1, Sidewalks
Equipment And Appliances
Dishwasher, Disposal, Dryer, Ice Maker Hookup, Laundry-Hookup, Microwave-Built-in, Range - Electric, Range w/Oven, Refrigerator, Washer
Utilities
Cable Available
Exterior Finish
Stucco
Construction
Combination
Roof
Shingle - Asphalt
Floor
Carpet, Tile
Pool
Yes
Pool Description
Private - Inground
Elementary School
Roosevelt
Middle School
Cocoa Beach
High School
Cocoa Beach

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of LoKation Real Estate.