3550 S Atlantic Avenue 1-12, Cocoa Beach, FL 32931

New Listing

$3,950,000

Virtual Tour

https://www.virtualtourcafe.com/mls/10009314

Property Type: Residential Income Bedrooms: 16 Baths: 7 Square Footage: 8,656 Lot Size (sq. ft.): 30,492 Status: Active

Current Price: $3,950,000 List Date: 7/28/2026 Last Modified: 7/28/2026

Overview

Description

ONCE IN A LIFETIME OPPORTUNITY! OWN 6 Duplexes (12 units all 2/1) situated on large .7 acre lot on BANANA RIVER and 3 min walk to beach! Huge income right now with 6 long term tenants and 6 very successful vacation rentals. There is great opportunity to increase your yearly income tremendously by converting more units to vacation rentals. So many upgrades have been done: roofs, PVC drains, new TREX-dock, all roofs appx 7 to 9 years old, appliances, electrical, a/c all within 6 years, new asphalt main entrance/street and more! Very little deferred expenses! DO NOT WALK PROPERTY WITHOUT LIST AGENT! ONE OF A KIND! This RIVERFRONT COMMUNITY IS A PARADISE! 2 BOAT SLIP ALLOWED. NO DRIVE BY CALL AGENT. PLEASE DO NOT DRIVE BY WITHOUT LIST AGENT APPROVAL..

Listing Details MLS# 1083552

General Property Information

Number Of Units Total: 12
Bedrooms Total: 16
Bathrooms Total: 7
Bathrooms Full: 7
Living Area: 8656
Living Area Source: Public Records
Building Area Total: 8656
New Construction YN: No
Year Built: 1956
Garage YN: No
Carport YN: No
Open Parking Spaces: 15
Parking Total: 15
Lot Size Acres: 0.7
Lot Size Square Feet: 30492
Association YN: No
Water Body Access YN: No
Waterfront YN: Yes
Water Body Name: Banana River
Furnished: Partially
Stories Total: Yes
Pool Private YN: No
List Price/SqFt: 456.33
Bathrooms Half: 0

Property Features

Appliances: Dryer; Electric Range; Microwave; Refrigerator; Tankless Water Heater; Washer Association Amenities: Boat Dock; Boat Slip Construction Materials: Block; Concrete; Stucco Cooling: Central Air Current Use: Multi-Family Flooring: Tile Heating: Central Income Includes: Laundry Laundry Features: Common Area Levels: One Listing Terms: Cash; Owner May Carry Owner Pays: Cable TV; Grounds Care; Insurance; Pest Control; Sewer; Taxes; Water Parking Features: Assigned; Guest; On Street Road Surface Type: Asphalt Roof: Metal; Shingle Security Features: Closed Circuit Camera(s) Sewer: Public Sewer Special Listing Conditions: Standard Utilities: Water Available View: River Water Source: Public Waterfront Features: River Front Showing Requirements: Appointment Only; No Sign

Contract Information

Original List Price: 3950000
Listing Contract Date: 2026-07-28
Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 3550
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: ONCE IN A LIFETIME OPPORTUNITY! OWN 6 Duplexes (12 units all 2/1) situated on large .7 acre lot on BANANA RIVER and 3 min walk to beach! Huge income right now with 6 long term tenants and 6 very successful vacation rentals. There is great opportunity to increase your yearly income tremendously by converting more units to vacation rentals. So many upgrades have been done: roofs, PVC drains, new TREX-dock, all roofs appx 7 to 9 years old, appliances, electrical, a/c all within 6 years, new asphalt main entrance/street and more! Very little deferred expenses! DO NOT WALK PROPERTY WITHOUT LIST AGENT! ONE OF A KIND! This RIVERFRONT COMMUNITY IS A PARADISE! 2 BOAT SLIP ALLOWED. NO DRIVE BY CALL AGENT. PLEASE DO NOT DRIVE BY WITHOUT LIST AGENT APPROVAL..

Status Change Information

Major Change Timestamp: 2026-07-28T13:22:36Z
Major Change Type: New Listing
Status Change Timestamp: 2026-07-28

More Information

Closing Company Details

Closing Company Name: Sandi Toth 321-728-3836
Closing Company Address: state title

Income and Expenses

Gross Income: 340000
Net Operating Income: 205000

Unit 1 Details

Unit ID: one
Actual Rent: 1385
Unit SqFt: 650
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: annual lease

Unit 2 Details

Unit ID: two
Actual Rent: 1500
Unit SqFt: 650
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: annual lease

Unit 3 Details

Unit ID: three
Actual Rent: 1400
Unit SqFt: 650
Furnished: Unfurnished
Unit Remarks: annual lease

Unit 4 Details

Unit ID: four
Actual Rent: 1595
Unit SqFt: 650
Full Baths Total: Yes
Furnished: Unfurnished
Unit Remarks: annual lease

Unit 5 Details

Unit ID: five
Actual Rent: 3000
Unit SqFt: 650
Full Baths Total: Yes
Furnished: Furnished
Unit Remarks: vacation rental

Unit 6 Details

Unit ID: six
Actual Rent: 4600
Unit SqFt: 800
Full Baths Total: Yes
Furnished: Furnished
Unit Remarks: vacation rental riverfront unit

Unit 7 Details

Unit ID: seven
Actual Rent: 4000
Unit SqFt: 800
Full Baths Total: Yes
Furnished: Furnished
Unit Remarks: vacation rental riverfront unit

Unit 8 Details

Unit ID: eight
Actual Rent: 3000
Unit SqFt: 650
Full Baths Total: Yes
Furnished: Furnished
Unit Remarks: vacation rental

Historical Information

Public Historical Remarks 3: Possible Financing-Holding 1st: Y, Possible Financing-1031 Exchange: Y, Number of Buildings: 4+ Buildings

Location, Tax, and Legal

Unit Number: 1-12
Tax Account: 2520991
Parcel Number: 25-37-35-25-00003.0-0004.00
General County Location: Central
Elementary School: Roosevelt
Middle School: Cocoa Beach
High School: Cocoa Beach
Tax Annual Amount: 15841.5
Tax Year: 2020
Tax Legal Description: ORLANDO BEACH LOTS 4,5 BLK 3
Directions: A1A SOUTH COCOA BEACH! DO NOT ENTER PROPERTY WITHOUT LIST AGENT!

Appliances

Dryer: Yes
Electric Range: Yes
Microwave: Yes
Refrigerator: Yes
Tankless Water Heater: Yes
Washer: Yes

Association Amenities

Boat Dock: Yes
Boat Slip: Yes

Construction Materials

Block: Yes
Concrete: Yes
Stucco: Yes

Cooling

Central Air: Yes

Current Use

Multi-Family: Yes

Flooring

Tile: Yes

Heating

Central: Yes

Laundry Features

Common Area: Yes

Levels

One: Yes

Listing Terms

Cash: Yes
Owner May Carry: Yes

Parking Features

Assigned: Yes
Guest: Yes
On Street: Yes

Income Includes

Laundry: Yes

Owner Pays

Cable TV: Yes
Grounds Care: Yes
Insurance: Yes
Pest Control: Yes
Sewer: Yes
Taxes: Yes
Water: Yes

Road Surface Type

Asphalt: Yes

Roof

Metal: Yes
Shingle: Yes

Security Features

Closed Circuit Camera(s): Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Utilities

Water Available: Yes

View

River: Yes

Water Source

Public: Yes

Waterfront Features

River Front: Yes

Showing Requirements

Appointment Only: Yes
No Sign: Yes

Listing Office: RE/MAX Alternative Realty

Last Updated: July - 28 - 2026

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