NOT LISTED FOR SALE

550 S Atlantic Ave Unit 1 And 2 Cocoa Beach, FL 32931

-- Bed
-- Bath
1,352 Sq Ft
7,405 Sq Ft Lot

Last Sold May 30, 2017

Last sale price $183,000 $135 Per Sq Ft

12 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • 1-Story Property
  • Theodore Roosevelt Elementary School Rated 9+

About This Home

As of May 2017

Investor ALERT! Duplex with one side currently rented. This property nets $14,000 with monthly rentals (below market rent) but has the potential to net $30,000 for weekly rentals! These wont last long! HUGE PROPERTY!! Needs a little TLC but are rentable as is now. Directly across the street from public beach access!! within minutes to walk to Famous Coconuts Beachfront Bar and Grill and Downtown Cocoa Beach with tons of shops and food choices! This is a money maker!!

Last Agent to Sell the Property

Katherine Adkins

RE/MAX Solutions Listed on: 04/01/2017

Last Buyer's Agent

Rebecca Sparks

C. Apollo Realty Inc License #611940

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,553

Year Built

  • Built in 1952

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • Additional Parking

Home Design

  • Duplex
  • Tar and Gravel Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 1,352 Sq Ft Home
  • 1-Story Property
  • Electric Range

Flooring

  • Carpet
  • Tile

Schools

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

Listing and Financial Details

  • The owner pays for taxes
  • Assessor Parcel Number 25-37-14-Dd-00027.0-0005.00

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $5,000
  • Gross Income $30,000
  • Net Operating Income $14,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,553

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1952
  • Reso Property Sub Type: Duplex
  • ResoLotFeatures: Other
  • ResoSpecialListingConditions: Standard
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 25-37-14-Dd-00027.0-0005.00
  • 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: 2552.77
  • Location Tax and Legal Tax Year2: 2016
  • General Property Information Living Area2: 1352.0
  • General Property Information Building Area Total3: 1352.0
  • General Property Information Lot Size Acres: 0.17
  • General Property Information Lot Size Square Feet2: 7405.0
  • General Property Information Waterfront YN: No
  • Flooring Tile: Yes
  • Levels One: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Carpet: Yes
  • General Property Information Carport YN2: No
  • General Property Information Number Of Units Total2: 2.0
  • Gross Scheduled Income: 19000.0
  • Income And Expenses Operating Expense: 5000.0
  • Roof TarGravel: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile
  • Appliances: Electric Range
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Range: Yes

Exterior Features

  • Pool Features: None
  • Roof: Tar/Gravel
  • Acres: 0.17
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Lot Features:Other21: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Additional Parking
  • General Property Information:Garage YN: No
  • Parking Features:Additional Parking: Yes

Utilities

  • Utilities: Electricity Connected

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: 7405.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 25-37-14-Dd-00027.0-0005.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Taxes, Other

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 2552.77

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 30000.0
  • Annual Operating Expense: 5000.0
  • Income And Expenses Net Operating Income: 14000.0

MLS Schools

  • Elementary School: Roosevelt
  • High School: Cocoa Beach

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 List to Sale Price per Sq Ft
05/30/2017 05/30/17 Sold $183,000 -26.8% $135 / Sq Ft
04/13/2017 04/13/17 Pending -- -- --
03/31/2017 03/31/17 For Sale $249,900 -- $185 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2017

    Katherine Adkins

    RE/MAX

  • Rebecca Sparks

    Buyer's Agent in 2017

    Rebecca Sparks

    C. Apollo Realty Inc

    (321) 693-1967

    18 in this area

    37 Total Sales

    Rebecca Sparks
    Section Image
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Map

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

MLS Number: 779627

Space Coast MLS (Space Coast Association of REALTORS®)
Florida Brevard County Cocoa Beach 32931

550 S Atlantic Ave Unit 1 And 2, Cocoa Beach, FL

Not Listed for Sale

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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