2902 S Atlantic Avenue, Cocoa Beach, FL 32931 (MLS# 740895)

2902 S Atlantic Avenue, Cocoa Beach, FL 32931

$975,000
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 Spaces
Yes
Lot Size Acres
0.46
Association YN
No
Property Use
0351
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
Lot Size Square Feet
20038
Carport YN
Yes
Open Parking Spaces
15
Use Code
03

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

OriginalListPrice
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
StatusChangeDate
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

Location, Tax, and Legal

Tax Account
2520409
Directions
A1A south to just past 29th Street. Across from Taco City.
Listing Office: Dur-Rich Realty Inc
Last Updated: October - 23 - 2024
Information is deemed to be reliable, but is not guaranteed.

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