NOT LISTED FOR SALE

524 S Atlantic Ave Unit 1-10 Cocoa Beach, FL 32931

Cocoa Beach Neighborhood
-- Bed
-- Bath
6,160 Sq Ft
0.34 Acres

Last Sold June 29, 2017

Last sale price $855,000 $139 Per Sq Ft

68 Days on Market

Highlights

  • No HOA
  • Theodore Roosevelt Elementary School Rated 9+
  • Tile Flooring

About This Home

As of June 2017

VACATION RENTALS APPROVED BY STATE! NEW OWNER MUST GET A STATE, COUNTY AND CITY LICNESE TO RENT SHORT TERM. HUGE POTINITAL INCREASE IN INCOME. LOOKING FOR A GREAT RETIREMENT PLAN? LOOK NO FURTHER THAN THE ''BEACH HOUSE'' RARE OPPORTUNITY TO OWN 10 UNIT APARTMENT COMPLEX ON LARGE LOT LOCATED STEPS TO OCEAN AND DOWNTOWN COCOA BEACH! Super clean units with many upgrades: ROOF 2016, CENTRAL A/C's 2016, ELECTRICAL PANELS 2015, WINDOWS 2012, MOST ALL NEW PLUMBING CONVERTED TO PVC and much more! Units are adorable, light and bright with tile throughout. All kitchens have been updated with nice cabinets and countertops. This income producing property has mail box ready cash for your buyer. Once rents are a current market you will have appx ROI of 8% at full asking price!!

Last Agent to Sell the Property

Jack Taylor

RE/MAX Alternative Realty License #3073233 Listed on: 05/03/2017

RE/MAX Alternative Realty

Last Buyer's Agent

Non-Member Non-Member Out Of Area

Non-MLS or Out of Area License #nonmls

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,618

Year Built

  • Built in 1963

Lot Details

  • 0.34 Acre Lot

Parking

  • 14 Parking Spaces

Home Design

  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 6,160 Sq Ft Home
  • 2-Story Property
  • Tile Flooring

Kitchen

  • Electric Range
  • Microwave

Schools

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

Listing and Financial Details

  • The owner pays for grounds care, insurance, pest control, sewer, taxes, trash collection, water
  • Assessor Parcel Number 25-37-14-Dd-00027.0-0003.00

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • Operating Expense $20,168
  • Gross Income $3,500
  • Net Operating Income $70,031

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,618

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1963
  • Reso Property Sub Type: Multi Family
  • ResoSpecialListingConditions: Standard
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Roof:Shingle: Yes
  • Gross Scheduled Income: 85200.0
  • Income And Expenses Operating Expense: 20168.0
  • Owner Pays:Sewer2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile
  • Appliances: Electric Range, Microwave, Refrigerator
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Range: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.34
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes

Garage/Parking

  • Total Parking Spaces: 14.0
  • General Property Information:Garage YN: No
  • General Property Information:Parking Total: 14.0

Utilities

  • Utilities: Water Available
  • 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 Size Sq Ft: 14810.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2517938
  • Parcel #: 25-37-14-Dd-00027.0-0003.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Grounds Care, Insurance, Pest Control, Sewer, Taxes, Trash Collection, Water

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 6617.89

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 3500.0
  • Annual Operating Expense: 20168.0
  • Income And Expenses Net Operating Income: 70031.0

MLS Schools

  • Elementary School: Roosevelt
  • High School: Cocoa Beach

Range of Values:

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Average Value
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List Price
Sold Price
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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 Change Sq Ft Price
06/29/2017 06/29/17 Sold $855,000 -3.8% $139 / Sq Ft
06/15/2017 06/15/17 Pending -- -- --
04/07/2017 04/07/17 For Sale $889,000 -- $144 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jack Taylor

    Seller's Agent in 2017

    Jack Taylor

    RE/MAX

    4 in this area

    97 Total Sales

    Jack Taylor
    Section Image

  • N

    Buyer's Agent in 2017

    Non-Member Non-Member Out Of Area

    Non-MLS or Out of Area

See All Agents

Map

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

MLS Number: 780277

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 25-37-14-DD-00027.0-0003.00

Florida Brevard County Cocoa Beach 32931 Cocoa Beach

524 S Atlantic Ave Unit 1-10, Cocoa Beach, FL

This home is located at 524 S Atlantic Ave Unit 1-10, Cocoa Beach, FL 32931 since 03 May 2017. This property was built in 1963. 524 S Atlantic Ave Unit 1-10 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.

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