2902 S Atlantic Avenue, Cocoa Beach, FL 32931

$975,000

MLS - 2902 S Atlantic Ave, Cocoa Beach (

Property Type: Residential Income Square Footage: 6,424 Lot Size (sq. ft.): 20,038 Status: Closed

Current Price: $975,000 List Date: 11/30/2015 Last Modified: 10/23/2024

Overview

Description

A HIDDEN TREASURE! This income producing property sets on .46 acres with over 100 ft. Direct Banana River Frontage. Two docks,boat lift and Coquina Seawall.14 units total; 2 direct river view, 1 partial view from balcony, the remaining 11 have no water view. Office, Laundry and storage are separate rooms/areas. All so close to the ocean, approx. 200ft to beach.Currently operated as Dolphin Inn, this is a turn key business. Potential for even more income!! All units nicely done, 13 of 14 have remodeled bathrooms. Guests can enjoy BBQ grills, fishing & Kayaking, 2 covered decks to enjoy beautiful sunsets, dolphins & manatees. Long-term rentals or re development potential. Close to restaurants & PAFB. More details available upon request

Listing Details MLS# 740895

General Property Information

Number Of Units Total: 14
Living Area: 6004
Living Area Source: Public Records
Building Area Total: 6424
Year Built: 1956
Garage YN: No
Carport YN: Yes
Carport Spaces: Yes
Open Parking Spaces: 15
Lot Size Acres: 0.46
Lot Size Square Feet: 20038
Association YN: No
Property Use: 0351
Use Code: 03
Water Body Access YN: No
Waterfront YN: Yes
Water Body Name: Banana River
Pool Private YN: No
List Price/SqFt: 199.87
Sold Price/SqFt: 162.39

Property Features

Appliances: Dryer; Microwave; Washer Association Amenities: Boat Dock; Management - Live In Construction Materials: Block; Concrete; Stucco Cooling: Wall/Window Unit(s) Exterior Features: Boat Lift Financial Data Source: Owner Flooring: Tile Listing Terms: Cash; Conventional Owner Pays: Other Parking Features: Carport Pool Features: None Possession: Close Of Escrow Road Surface Type: Paved Roof: Shingle Special Listing Conditions: Standard Utilities: Electricity Connected; Water Available Water Source: Public Waterfront Features: River Front Contingency Reason: Inspection; Other Showing Requirements: Appointment Only

Contract Information

Original List Price: 1300000
Listing Contract Date: 2015-11-30
Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 2902
Street Direction Prefix: S
Street Name: Atlantic
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32931
MLS Area Major: 272 - Cocoa Beach

Remarks and Miscellaneous

Public Remarks: A HIDDEN TREASURE! This income producing property sets on .46 acres with over 100 ft. Direct Banana River Frontage. Two docks,boat lift and Coquina Seawall.14 units total; 2 direct river view, 1 partial view from balcony, the remaining 11 have no water view. Office, Laundry and storage are separate rooms/areas. All so close to the ocean, approx. 200ft to beach.Currently operated as Dolphin Inn, this is a turn key business. Potential for even more income!! All units nicely done, 13 of 14 have remodeled bathrooms. Guests can enjoy BBQ grills, fishing & Kayaking, 2 covered decks to enjoy beautiful sunsets, dolphins & manatees. Long-term rentals or re development potential. Close to restaurants & PAFB. More details available upon request

Status Change Information

Major Change Timestamp: 2023-11-11T03:44:22Z
Major Change Type: Price Reduced
Price Change Timestamp: 2016-04-24T23:18:15Z
Status Change Timestamp: 2016-07-05
Contingency: Active Under Contract
Purchase Contract Date: 2016-05-25
Close Date: 2016-07-01
Close Price: 975000

More Information

Income and Expenses

Gross Scheduled Income: 191266
Net Operating Income: 113305
Operating Expense: 77960

Historical Information

Public Historical Remarks 3: Site Location-Major Roadway: Y, Style-Efficiency/Studio: Y, Equipment/Appliances-Range: Y, Number of Buildings: 2 Buildings

Listing Office: Dur-Rich Realty Inc

Last Updated: October - 23 - 2024

Information is deemed to be reliable, but is not guaranteed.