NOT LISTED FOR SALE

1473 S Atlantic Ave Cocoa Beach, FL 32931

Cocoa Beach Neighborhood
3 Beds
2 Baths
3,928 Sq Ft
0.29 Acres

Last Sold July 19, 2018

Last sale price $1,600,000 $407 Per Sq Ft

144 Days on Market

Highlights

  • Ocean Front
  • No HOA
  • Tile Flooring
  • Theodore Roosevelt Elementary School Rated 9+
  • Cooling System Mounted To A Wall/Window

About This Home

As of July 2018

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. attachments.

Last Agent to Sell the Property

James Flint

Housing Market LLC Listed on: 01/09/2018

Last Buyer's Agent

Liz McGinley

Florida Indeed Real Estate Inc License #3233188

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,701

Year Built

  • Built in 1961

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 50x250
  • Ocean Front

Home Design

  • Duplex
  • Shingle Roof
  • Wood Roof
  • Membrane Roofing
  • Concrete Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,928 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile

Laundry

  • Dryer
  • Washer

Parking

  • 10 Open Parking Spaces
  • 12 Parking Spaces
  • 2 Carport Spaces

Schools

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

Utilities

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

Listing and Financial Details

  • The owner pays for cable TV, electricity, grounds care, insurance, management, pest control, repairs, sewer, taxes, trash collection, water
  • Assessor Parcel Number 25-37-23-Dd-00015.0-0010.00

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Operating Expense $72,000
  • Gross Income $102,000
  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,701

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1961
  • Reso Property Sub Type: Duplex
  • ResoLaundryFeatures: Electric Dryer Hookup
  • ResoSpecialListingConditions: Standard
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: Two
  • Appliances Microwave: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Roof:Shingle: Yes
  • Gross Scheduled Income: 102000.0
  • Income And Expenses Operating Expense: 72000.0
  • Owner Pays:Sewer2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate, Tile
  • Appliances: Dishwasher, Dryer, Electric Range, Microwave, Washer
  • ResoLivingAreaSource: Other
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Pool Features: None
  • Roof: Concrete, Membrane, Shingle, Wood
  • Acres: 0.29
  • Waterfront Features: Ocean Front
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Stucco
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • ConstructionSiding:Roof Membrane: Yes
  • Waterfront Features:Ocean Front: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport
  • Total Parking Spaces: 12.0
  • General Property Information:Garage YN: No
  • Parking Features:Carport: Yes
  • General Property Information:Parking Total: 12.0
  • General Property Information:Open Parking Spaces2: 10.0

Utilities

  • Cooling: Central Air, Wall/Window Unit(s)
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Water Available, Separate Electric Meters, Separate Gas Meters, Separate Water Meters
  • Cooling Y N: Yes
  • Water Source: Public

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: 50x250
  • Lot Size Sq Ft: 12632.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2519740
  • Parcel #: 25-37-23-Dd-00015.0-0010.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Cable TV, Electricity, Grounds Care, Insurance, Management, Pest Control, Repairs, Sewer, Taxes, Trash Collection, Water

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 20701.4

Multi Family

  • Number Of Units Total: 8
  • Annual Operating Expense: 72000.0
  • Income And Expenses Net Operating Income: 30000.0

MLS Schools

  • Elementary School: Roosevelt
  • High School: Cocoa Beach

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2018 07/19/18 Sold $1,600,000 -3.0% $407 / Sq Ft
06/03/2018 06/03/18 Pending -- -- --
04/16/2018 04/16/18 Price Changed $1,650,000 -5.7% $420 / Sq Ft
01/09/2018 01/09/18 For Sale $1,750,000 0.0% $446 / Sq Ft
01/23/2013 01/23/13 Rented $700 0.0% --
01/20/2013 01/20/13 Under Contract -- -- --
01/12/2013 01/12/13 For Rent $700 -- --
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    James Flint

    Housing Market LLC

  • Liz McGinley

    Buyer's Agent in 2018

    Liz McGinley

    Florida Indeed Real Estate Inc

    (386) 690-0440

    2 in this area

    30 Total Sales

    Liz McGinley
    Section Image
  • Barbara Schluraff

    Seller's Agent in 2013

    Barbara Schluraff

    Walker Bagwell Properties Ltd

    (321) 720-3878

    240 in this area

    445 Total Sales

    Section Image
See All Agents

Map

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

MLS Number: 802044

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 25-37-23-DD-00015.0-0010.00

Florida Brevard County Cocoa Beach 32931 Cocoa Beach

1473 S Atlantic Ave, Cocoa Beach, FL

This home is located at 1473 S Atlantic Ave, Cocoa Beach, FL 32931 since 09 January 2018. This property was built in 1961. 1473 S Atlantic Ave is a home located in Brevard County with nearby schools including Theodore Roosevelt Elementary School, Cocoa Beach Junior/Senior High School, and Cocoa Beach Christian School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Space Coast MLS (Space Coast Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes