3524 S Atlantic Avenue, Cocoa Beach, FL 32931

$2,400,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1035856

Property Type: Commercial Sale Baths: 8 Square Footage: 4,228 Lot Size (sq. ft.): 14,810 Status: Closed

Current Price: $2,400,000 List Date: 1/30/2025 Last Modified: 6/09/2026

Overview

Description

RARE FIND High return Airbnb RIVERFRONT Property. Multifamily, 2 concrete-block buildings, 1 carport and parking lots for 9 cars total. The main house has 5 bedrooms, 4 bathrooms, gas heated pool and spa, 2020 roof. The riverfront quadplex has 4 units with 2 bedrooms and 1 bath each. Separate electrical and water meters for each unit. Updated kitchens, bathrooms, floorings, PVC plumbing, etc. Fishing right off your dock, have sunrise and sunset view all for yourself. Next door neighbor is Villa Verde Condominium with million-dollar condos. Beach access across the street, 6 min-drive to Cocoa Beach downtown with restaurants, shopping, activities, 20 min to cruise ports, about 1hr to Orlando attractions. Own this piece of paradise and start collecting money from your investment now! Call for private showing.

Listing Details MLS# 1035856

General Property Information

Number Of Units Total: 5
Bathrooms Total: 8
Building Area Total: 4228
Building Area Source: Public Records
Accessibility Features YN: No
Year Built: 1959
Lot Size Acres: 0.34
Land Lease YN: No
Association YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Water Body Name: Banana River
Senior Community YN: No
List Price/SqFt: 591.06
Sold Price/SqFt: 567.64

Property Features

Building Features: Fenced; Laundry; Pool Ceiling Type: Drywall Construction Materials: Block; Concrete; Stucco Cooling: Ceiling Fan(s); Central Air; Electric Current Use: Hotel/Motel Fencing: Block; Full; Wood Flooring: Tile; Vinyl Listing Terms: Cash; Conventional; Other Location: Beach Area Lot Features: Few Trees Operating Expense Includes: Cable TV; Insurance; Maintenance; Maintenance Grounds; Manager; Parking; Pest Control; Pool/Spa; Professional Management; Trash; Water/Sewer Owner Pays: All Utilities; Cable TV; Common Area Maintenance; Electricity; Exterior Maintenance; Gas; Grounds Care; Hot Water; HVAC Maintenance; Insurance; Janitorial Service; Management; Other Tax; Pest Control; Pool Maintenance; Repairs; Roof Maintenance; Security; Sewer; Taxes; Trash Collection; Water Parking Features: Additional Parking; Assigned; Attached Carport; Guest; Shared Driveway Possession: Close Of Escrow Water Body Access Type: Navigable; Owned Road Frontage Type: City Street Roof: Membrane; Shingle Sale Includes: Building & Land; Furniture, Fixtures and Equipment Sewer: Public Sewer Showing Considerations: Occupied Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany Special Listing Conditions: Standard Tenant Pays: Janitorial Service Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Separate Electric Meters; Separate Water Meters; Sewer Connected; Water Connected Water Source: Public Waterfront Features: River Front

Contract Information

Original List Price: 2599000
Listing Contract Date: 2024-11-04
Property Sub Type: Multi Family
Comp Sale YN: No

Location Tax and Legal

Street Number: 3524
Street Direction Prefix: S
Street Name: Atlantic
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32931
MLS Area Major: 272 - Cocoa Beach
Subdivision Name: Orlando Beach

Remarks and Miscellaneous

Public Remarks: RARE FIND High return Airbnb RIVERFRONT Property. Multifamily, 2 concrete-block buildings, 1 carport and parking lots for 9 cars total. The main house has 5 bedrooms, 4 bathrooms, gas heated pool and spa, 2020 roof. The riverfront quadplex has 4 units with 2 bedrooms and 1 bath each. Separate electrical and water meters for each unit. Updated kitchens, bathrooms, floorings, PVC plumbing, etc. Fishing right off your dock, have sunrise and sunset view all for yourself. Next door neighbor is Villa Verde Condominium with million-dollar condos. Beach access across the street, 6 min-drive to Cocoa Beach downtown with restaurants, shopping, activities, 20 min to cruise ports, about 1hr to Orlando attractions. Own this piece of paradise and start collecting money from your investment now! Call for private showing.

Status Change Information

Major Change Timestamp: 2025-11-24T09:19:54Z
Major Change Type: Status Change
Price Change Timestamp: 2025-05-09T20:29:56Z
Status Change Timestamp: 2025-11-24
Purchase Contract Date: 2025-10-15
Close Date: 2025-11-19
Close Price: 2400000

More Information

Income and Expenses

Gross Income: 326648
Operating Expense: 48997.2
Source of Expenses - Owner: 68,787.16

Unit 1 Details

Unit ID: main house
Annual Rent: 125000
Unit SqFt: 1404
# Units (This Type): Yes
Furnished: Furnished
Unit Remarks: main house

Unit 2 Details

Unit ID: 15
Annual Rent: 50000
Unit SqFt: 706
# Units (This Type): Yes
Furnished: Furnished
Unit Remarks: quadplex

Unit 3 Details

Unit ID: 16
Annual Rent: 50000
Unit SqFt: 706
# Units (This Type): Yes
Furnished: Furnished
Unit Remarks: quadplex

Unit 4 Details

Unit ID: 17
Annual Rent: 50000
Unit SqFt: 706
# Units (This Type): Yes
Furnished: Furnished
Unit Remarks: quadplex

Unit 5 Details

Unit ID: 17
Annual Rent: 50000
Unit SqFt: 706
# Units (This Type): Yes
Furnished: Furnished
Unit Remarks: quadplex

Listing Office: Blue Marlin Real Estate

Last Updated: June - 09 - 2026

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