171 24th Street, Cocoa Beach, FL 32931
$2,400,000
Property Type:
Commercial Sale
Square Footage:
21,150
Status:
Closed
Current Price:
$2,400,000
List Date:
12/12/2022
Last Modified:
11/02/2024
Description
Amazing opportunity to OWN TWO QUADRUPLEXES where vacation rentals are allowed! Location is incredible; you're a block away from the ocean and river! Built in 2016, tile throughout, matching granite counters in kitchen and bathrooms. Laundry room with utility sink in each unit and washer & dryer included. All block construction with hardy board siding and impact-rated windows. Current income is based on 7 units as owner/landlord lives there. Property is turnkey and ready for the right investor to either keep as long term rentals or turn into vacation rentals. There is an air-conditioned storage unit and two assigned parking spaces for each apartment.
More Information MLS# 952405
Location, Tax, and Legal
Tax Account: 2520259
Parcel Number: 25-37-26-29-*-5
General County Location: Central
Tax Year: 2021
Tax Legal Description: COCOA BEACH LOT 5 & LOTS 11,12 BLK A OF PB 1 PG 38
Directions: TWO SEPARATE BUILDINGS on two different streets. Look up tax account number for specifics
A1A to 24th St, W on 24th, complex is on right
A1A to Crescent Bch, W on Crescent bch, complex is on left
General Property Information
Number Of Units Total: 4
Stories Total: 2
Building Area Total: 21150
Association YN: No
Property Use: C-MULTIPLE LIVING UNITS - 5 TO 9 UNITS (0850)
Water Body Access YN: No
Waterfront YN: No
Use Code: 08 / MULTI-FAMILY LESS THAN 10
List Price/SqFt: 127.66
Sold Price/SqFt: 113.48
Year Built: 2016
Remarks and Miscellaneous
Public Remarks: Amazing opportunity to OWN TWO QUADRUPLEXES where vacation rentals are allowed! Location is incredible; you're a block away from the ocean and river! Built in 2016, tile throughout, matching granite counters in kitchen and bathrooms. Laundry room with utility sink in each unit and washer & dryer included. All block construction with hardy board siding and impact-rated windows. Current income is based on 7 units as owner/landlord lives there. Property is turnkey and ready for the right investor to either keep as long term rentals or turn into vacation rentals. There is an air-conditioned storage unit and two assigned parking spaces for each apartment.
Construction Materials
Block: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Current Use
Multi-Family: 1
Flooring
Tile: 1
Heating
Central: 1
Electric: 1
Listing Terms
Cash: 1
Conventional: 1
Lease Option: 1
Possession
Close Of Escrow: 1
Roof
Metal: 1
Security Features
Smoke Detector(s): 1
Utilities
Other: 1
Showing Requirements
Key In Office: 1
Showing Service: 1
Ceiling Type
Drywall: 1
Sale Includes
Building & Land: 1
Business with Lease: 1
Historical Information
Public Historical Remarks 3: Legal/Misc-Home Warranty: No
Contract Information
Current Price: $2,400,000
Original List Price: 2700000
Sold Price: $2,400,000
Status: Closed
Listing Contract Date: 2022-12-12
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 171
Street Name: 24th
Street Suffix: Street
County: Brevard
State: FL
Postal Code: 32931
MLS Area Major: 272 - Cocoa Beach
Subdivision Name: Cocoa Beach
Status Change Information
Major Change Timestamp: 2023-06-02T16:27:11Z
Major Change Type: Status Change
Status Change Timestamp: 2023-06-02
Purchase Contract Date: 2023-03-08
Close Date: 2023-06-02
Close Price: 2400000
Property Features
Ceiling Type: Drywall
Construction Materials: Block
Cooling: Ceiling Fan(s); Central Air; Electric
Current Use: Multi-Family
Flooring: Tile
Heating: Central; Electric
Listing Terms: Cash; Conventional; Lease Option
Possession: Close Of Escrow
Roof: Metal
Sale Includes: Building & Land; Business with Lease
Security Features: Smoke Detector(s)
Showing Requirements: Key In Office; Showing Service
Utilities: Other
Listing Office:
Clear Realty, LLC.
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.