402 S Orlando Avenue, Cocoa Beach, FL 32931

$1,200,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/936504

Property Type: Residential Income Square Footage: 3,156 Lot Size (sq. ft.): 11,326 Status: Closed

Current Price: $1,200,000 List Date: 3/06/2023 Last Modified: 10/23/2024

Overview

Description

PRIME LOCATION! Just 700 ft. from the ocean. This is an amazing income producing property. All 7 units fully furnished. Property consists of one 2 bedroom 1 bath unit with central A/C. One 1 bedroom 1 bath unit and 5 studio units. All units have full bath's and kitchen's. All units were remodeled. New Roof 2020! New Windows 2022! Hurricane Shutters 2019! Perfect for Airbnb, long-term leasing or a combination of the two. Property is located in Cottage Row, one of the city's Community Redevelopment Areas and is in walking distance to restaurants, downtown, the beach and a short commute to Patrick Air Force Base. Very sought after location. No sign on property please don't disturb tenants. This property wont last long...A must see!

Listing Details MLS# 936504

General Property Information

Number Of Units Total: 7
Living Area: 3156
Living Area Source: Public Records
Building Area Total: 3156
Year Built: 1961
Garage YN: No
Carport YN: No
Lot Size Acres: 0.26
Lot Size Square Feet: 11326
Association YN: No
Use Code: 08 / MULTIPLE LIVING
Water Body Access YN: No
Waterfront YN: No
Pool Private YN: No
List Price/SqFt: 396.07
Sold Price/SqFt: 380.23
Garage Spaces: 0
Carport Spaces: 0

Property Features

Appliances: Dryer; Electric Range; Refrigerator; Washer Construction Materials: Block; Concrete Cooling: Central Air; Wall/Window Unit(s) Flooring: Tile; Vinyl Levels: One Listing Terms: Cash; Conventional Lot Features: Corner Lot Owner Pays: Common Area Maintenance; Electricity; Grounds Care; Insurance; Pest Control; Sewer; Taxes; Water; Other Pool Features: None Possession: Close Of Escrow Roof: Shingle Special Listing Conditions: Standard Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Available Water Source: Public Showing Considerations: Occupied Showing Requirements: Appointment Only; Call Listing Office; No Sign

Contract Information

Original List Price: 1495000
Listing Contract Date: 2022-06-01
Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 402
Street Direction Prefix: S
Street Name: Orlando
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32931
MLS Area Major: 272 - Cocoa Beach

Remarks and Miscellaneous

Public Remarks: PRIME LOCATION! Just 700 ft. from the ocean. This is an amazing income producing property. All 7 units fully furnished. Property consists of one 2 bedroom 1 bath unit with central A/C. One 1 bedroom 1 bath unit and 5 studio units. All units have full bath's and kitchen's. All units were remodeled. New Roof 2020! New Windows 2022! Hurricane Shutters 2019! Perfect for Airbnb, long-term leasing or a combination of the two. Property is located in Cottage Row, one of the city's Community Redevelopment Areas and is in walking distance to restaurants, downtown, the beach and a short commute to Patrick Air Force Base. Very sought after location. No sign on property please don't disturb tenants. This property wont last long...A must see!

Status Change Information

Major Change Timestamp: 2023-11-11T03:49:57Z
Major Change Type: Price Reduced
Price Change Timestamp: 2023-01-17T18:16:45Z
Status Change Timestamp: 2023-04-20
Purchase Contract Date: 2023-03-07
Close Date: 2023-04-20
Close Price: 1200000

More Information

Closing Company Details

Closing Company Name: Clear Choice Title - Katrina Bento
Closing Company Address: 2510 S Washington Ave., Ste. 120, Titusville, FL

Historical Information

Public Historical Remarks 3: Number of Buildings: 1 Building

Location, Tax, and Legal

Tax Account: 2518146
Parcel Number: 25-37-15-Df-00037.0-0001.00
General County Location: Central
Elementary School: Roosevelt
Middle School: Cocoa Beach
High School: Cocoa Beach
Tax Annual Amount: 5548.78
Tax Year: 2021
Tax Legal Description: COCOA BEACH PLAT OF BLKS 37 & 28A LOT 1 BLK 37
Directions: 528 East toward Port Canaveral. Merge onto FL-A1A E via the exit on the left toward Cape Canaveral/Cocoa Beach. Property on the SW corner of S Orlando Ave. and 4th St.

Appliances

Dryer: Yes
Electric Range: Yes
Refrigerator: Yes
Washer: Yes

Construction Materials

Block: Yes
Concrete: Yes

Cooling

Central Air: Yes
Wall/Window Unit(s): Yes

Flooring

Tile: Yes
Vinyl: Yes

Levels

One: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Corner Lot: Yes

Pool Features

None: Yes

Possession

Close Of Escrow: Yes

Owner Pays

Common Area Maintenance: Yes
Electricity: Yes
Grounds Care: Yes
Insurance: Yes
Pest Control: Yes
Sewer: Yes
Taxes: Yes
Water: Yes
Other: Yes

Roof

Shingle: Yes

Special Listing Conditions

Standard: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Sewer Connected: Yes
Water Available: Yes

Water Source

Public: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Office: Yes
No Sign: Yes

Showing Considerations

Occupied: Yes

Listing Office: Coldwell Banker Coast Realty

Last Updated: October - 23 - 2024

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