NOT LISTED FOR SALE

125 Cedar Ave Cocoa Beach, FL 32931

-- Bed
2 Baths
5,046 Sq Ft
0.35 Acres

Last Sold June 02, 2017

Last sale price $635,000 $126 Per Sq Ft

322 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • 1-Story Property
  • Theodore Roosevelt Elementary School Rated 9+
  • Tile Flooring

About This Home

As of June 2017

Fully occupied 10 units. 2 efficiencies, 5-1 bedrooms, 3- 2 bedrooms, beachside Florida living with only a couple blocks to the beach. Centrally located down town Cocoa Beach This has been income producing property for years. Please do not bother the tenants. Expenses and Profit and Loss statements are available on request. Expenses are not exact.

Last Agent to Sell the Property

Teresa Demark

All Real Estate, Inc. License #654613 Listed on: 06/13/2016

Last Buyer's Agent

Giuseppe Conoscenti

Prestige Florida Realty License #3233309

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,994

Year Built

  • Built in 1964

Lot Details

  • 0.35 Acre Lot

Parking

  • 12 Parking Spaces

Home Design

  • Shingle Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 5,046 Sq Ft Home
  • 1-Story Property
  • Electric Dryer Hookup

Flooring

  • Laminate
  • Tile
  • Terrazzo

Schools

  • Roosevelt Elementary School
  • Cocoa Beach Middle School
  • Cocoa Beach High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Meters
  • Separate Water Meter
  • Cable TV Available

Listing and Financial Details

  • The owner pays for grounds care, sewer, water
  • Assessor Parcel Number 25-37-10-82-00114.A-0017.00

Community Details

Overview

  • No Home Owners Association
  • 10 Units
  • The Cedars Apts Condo Subdivision

Building Details

  • Operating Expense $37,500
  • Gross Income $1,000
  • Net Operating Income $35,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,994

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1964
  • Reso Property Sub Type: Multi Family
  • ResoLaundryFeatures: Electric Dryer Hookup
  • Road Surface Type: Paved
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: The Cedars Apts Condo
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 25-37-10-82-00114.A-0017.00
  • Location Tax and Legal Elementary School: Roosevelt
  • Location Tax and Legal Middle School2: Cocoa Beach
  • Location Tax and Legal High School: Cocoa Beach
  • Location Tax and Legal Tax Annual Amount: 3993.87
  • Location Tax and Legal Tax Year2: 2015
  • General Property Information Living Area2: 5046.0
  • General Property Information Building Area Total3: 5414.0
  • General Property Information Lot Size Acres: 0.35
  • General Property Information Lot Size Square Feet2: 15246.0
  • General Property Information Waterfront YN: No
  • Appliances Refrigerators: Yes
  • Flooring Laminate: Yes
  • Flooring Tile: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Levels One: Yes
  • Roof:Shingle: Yes
  • Utilities Cable Available: Yes
  • Flooring Terrazzo: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • General Property Information Lot Size Dimensions: 120.0 ft x 125.0 ft
  • General Property Information Number Of Units Total2: 10.0
  • Gross Scheduled Income: 72000.0
  • Income And Expenses Operating Expense: 37500.0
  • Cooling WallWindow Unit(s): Yes
  • Owner Pays:Sewer2: Yes
  • Utilities Separate Electric Meters: Yes
  • Utilities Separate Water Meters: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate, Terrazzo, Tile
  • Appliances: Refrigerator
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.35
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes

Garage/Parking

  • Total Parking Spaces: 12.0
  • General Property Information:Garage YN: No
  • General Property Information:Parking Total: 12.0

Utilities

  • Cooling: Wall/Window Unit(s)
  • Utilities: Cable Available, Water Available, Separate Electric Meters, Separate Water Meters
  • Cooling Y N: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Cocoa Beach

Lot Info

  • Lot Dimensions: 120.0 ft x 125.0 ft
  • Lot Size Sq Ft: 15246.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 25-37-10-82-00114.A-0017.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Grounds Care, Sewer, Water

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 3993.87

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 1000.0
  • Annual Operating Expense: 37500.0
  • Income And Expenses Net Operating Income: 35500.0

MLS Schools

  • Elementary School: Roosevelt
  • High School: Cocoa Beach

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2017 06/02/17 Sold $635,000 -19.6% $126 / Sq Ft
05/02/2017 05/02/17 Pending -- -- --
06/13/2016 06/13/16 For Sale $790,000 -- $157 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,590 $923,840 -- --
2024 $15,298 $1,189,930 -- --
2023 $15,298 $1,080,000 $0 $0
2022 $13,791 $1,077,060 $0 $0
2021 $11,108 $655,000 $270,000 $385,000
2020 $11,049 $655,000 $270,000 $385,000
2019 $10,586 $645,000 $270,000 $375,000
2018 $9,475 $530,000 $270,000 $260,000
2017 $4,816 $270,000 $0 $270,000
2016 $4,538 $250,000 $0 $0
2015 $3,566 $200,000 $200,000 $0
2014 $3,258 $178,000 $160,000 $18,000
Source: Public Records

Agents Affiliated with this Home

  • Teresa Demark

    Seller's Agent in 2017

    Teresa Demark

    All Real Estate, Inc.

    (321) 493-0480

    10 in this area

    51 Total Sales

    Teresa Demark
    Section Image
  • Giuseppe Conoscenti

    Buyer's Agent in 2017

    Giuseppe Conoscenti

    Prestige Florida Realty

    (321) 693-7751

    14 in this area

    37 Total Sales

    Giuseppe Conoscenti
    Section Image
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Map

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 756980

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 25-37-10-82-00114.A-0017.00

Florida Brevard County Cocoa Beach 32931

125 Cedar Ave, Cocoa Beach, FL

Not Listed for Sale

MultiFamily

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