113-115 Oak Avenue, Cocoa Beach, FL 32931
$1,100,000
Property Type:
Residential Income
Bedrooms:
6
Baths:
4
Square Footage:
2,896
Lot Size (sq. ft.):
7,405
Status:
Closed
Current Price:
$1,100,000
List Date:
3/14/2024
Last Modified:
10/23/2024
Description
TURN-KEY Income Producing Vacation Rental! This Fully Furnished Beach Duplex is a short walk to the Beach and Downtown Cocoa Beach!
Each Unit has 2 bedrooms and 2 bathrooms on the main floor and a loft upstairs that is set up as a 3rd bedroom. The 2 units are tastefully decorated in a coastal beach theme. Guests love the Upstairs Balconies and the Spacious Backyards where they can enjoy Fine Florida Living. With Downtown Cocoa Beach mere steps away, Guests have easy access to an array of Dining, Shopping, and Entertainment options.
Everything you need for a successful vacation rental is already in place. The Beach Duplex is listed on Airbnb, Vrbo, and a Direct Book Website. The back-end processes have been streamlined using automation and software to make self-management very efficient.
This is a perfect investment for an experienced vacation rental owner or someone wanting to get started in this lucrative industry. Great 1031 Exchange Opportunity!
Supplements: Renovation in 2014 to include a New Metal Roof, New Impacted Rated Windows/Doors, and Updated Plumbing. New upstairs Balconies, New Vinyl Fence (115 Oak Ave) and Fresh Paint to Interior and Exterior in 2022.
More Information MLS# 1007772
Location, Tax, and Legal
Tax Account: 2517423
Parcel Number: 25-37-10-82-00117.0-0020.00
General County Location: Central
Tax Annual Amount: 6870.09
Tax Year: 2023
Tax Legal Description: COCOA BEACH, 8TH ADDN TO LOT 20 BLK 117
Directions: From A1A, go west on N 1st St. Home is on right as road turns right and becomes Oak St.
General Property Information
Number Of Buildings: 1
Number Of Units Total: 2
Bathrooms Half: 0
Living Area: 2896
Living Area Source: Public Records
Lot Size Acres: 0.17
Lot Size Square Feet: 7405
Association YN: No
New Construction YN: No
Garage YN: No
Carport YN: Yes
Carport Spaces: 2
Waterfront YN: No
Senior Community YN: No
Water Body Access YN: No
Furnished: Furnished
Direction Faces: West
Pool Private YN: No
List Price/SqFt: 414.36
Sold Price/SqFt: 379.83
Bedrooms Total: 6
Bathrooms Total: 4
Bathrooms Full: 4
Year Built: 1959
Remarks and Miscellaneous
Public Remarks: TURN-KEY Income Producing Vacation Rental! This Fully Furnished Beach Duplex is a short walk to the Beach and Downtown Cocoa Beach!
Each Unit has 2 bedrooms and 2 bathrooms on the main floor and a loft upstairs that is set up as a 3rd bedroom. The 2 units are tastefully decorated in a coastal beach theme. Guests love the Upstairs Balconies and the Spacious Backyards where they can enjoy Fine Florida Living. With Downtown Cocoa Beach mere steps away, Guests have easy access to an array of Dining, Shopping, and Entertainment options.
Everything you need for a successful vacation rental is already in place. The Beach Duplex is listed on Airbnb, Vrbo, and a Direct Book Website. The back-end processes have been streamlined using automation and software to make self-management very efficient.
This is a perfect investment for an experienced vacation rental owner or someone wanting to get started in this lucrative industry. Great 1031 Exchange Opportunity!
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Electric Range: 1
Electric Water Heater: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Closing Company Details
Closing Company Name: Foundation Title
Construction Materials
Block: 1
Stucco: 1
Cooling
Central Air: 1
Current Use
Hotel/Motel: 1
Investment: 1
Multi-Family: 1
Residential: 1
DPR Eligible
DPR Eligible: No
Exterior Features
Balcony: 1
Fire Pit: 1
Outdoor Shower: 1
Fencing
Back Yard: 1
Privacy: 1
Vinyl: 1
Flooring
Carpet: 1
Tile: 1
Heating
Central: 1
Laundry Features
In Unit: 1
Listing Terms
Cash: 1
Lot Features
Corner Lot: 1
Parking Features
Carport: 1
Off Street: 1
Pool Features
None: 1
Financial Data Source
Owner: 1
Income and Expenses
Gross Income: 154745.95
Net Operating Income: 89831.03
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Roof
Metal: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Special Listing Conditions
Owner Licensed RE: 1
Standard: 1
Unit 1 Details
Unit ID: 113
Actual Rent: 5000
Unit SqFt: 1448
Beds Total: 3
Full Baths Total: 2
Furnished: Furnished
Unit Remarks: Fully Furnished Vacation Rental
Unit 2 Details
Unit ID: 115
Actual Rent: 5000
Unit SqFt: 1448
Beds Total: 3
Full Baths Total: 2
Furnished: Furnished
Unit Remarks: Fully Furnished Vacation Rental
Utilities
Cable Available: 1
Electricity Connected: 1
Separate Electric Meters: 1
Separate Water Meters: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Lockbox: 1
No Sign: 1
Showing Service: 1
Showing Considerations
Occupied: 1
Contract Information
Current Price: $1,100,000
Original List Price: 1200000
Sold Price: $1,100,000
Status: Closed
Listing Contract Date: 2024-03-14
Property Sub Type: Duplex
Location Tax and Legal
Street Number: 113-115
Street Name: Oak
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32931
MLS Area Major: 272 - Cocoa Beach
Subdivision Name: Cocoa Beach 8th Addn To
Status Change Information
Major Change Timestamp: 2024-05-20T17:33:08Z
Major Change Type: Status Change
Status Change Timestamp: 2024-05-20
Purchase Contract Date: 2024-04-13
Close Date: 2024-05-17
Close Price: 1100000
Property Features
Appliances: Dishwasher; Disposal; Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer
Construction Materials: Block; Stucco
Cooling: Central Air
Current Use: Hotel/Motel; Investment; Multi-Family; Residential
Exterior Features: Balcony; Fire Pit; Outdoor Shower
Fencing: Back Yard; Privacy; Vinyl
Financial Data Source: Owner
Flooring: Carpet; Tile
Heating: Central
Laundry Features: In Unit
Listing Terms: Cash
Lot Features: Corner Lot
Parking Features: Carport; Off Street
Pool Features: None
Road Frontage Type: City Street
Road Surface Type: Asphalt
Roof: Metal
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Special Listing Conditions: Owner Licensed RE; Standard
Utilities: Cable Available; Electricity Connected; Separate Electric Meters; Separate Water Meters; Sewer Connected; Water Connected
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: 24 Hour Notice; Appointment Only; Lockbox; No Sign; Showing Service
Documents
2023 P&L ›
Listing Office:
Keller Williams Realty Brevard
Last Updated: October - 23 - 2024
Information is deemed to be reliable, but is not guaranteed.