494 S Atlantic Avenue, Cocoa Beach, FL 32931

$3,030,000

Property Type: Residential Income Square Footage: 32,208 Lot Size (sq. ft.): 44,867 Status: Closed

Current Price: $3,030,000 List Date: 8/31/2017 Last Modified: 10/23/2024

Overview

Description

36 unit apartment complex. 8 carports and many storages for additional income. Fantastic location, close to the beach and downtown.27 one bedroom and 9 two bedroom units. Possible owner financing with at least 40% down.

Listing Details MLS# 790530

General Property Information

Number Of Units Total: 36
Living Area: 27504
Living Area Source: Measured
Building Area Total: 32208
Year Built: 1964
Garage YN: No
Carport YN: No
Lot Size Acres: 1.03
Lot Size Square Feet: 44867
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Pool Private YN: No
List Price/SqFt: 123.62
Sold Price/SqFt: 110.17
Garage Spaces: 0
Carport Spaces: 0

Property Features

Appliances: Electric Range; Refrigerator Construction Materials: Block; Concrete; Stucco Flooring: Laminate; Tile; Vinyl Levels: Two Listing Terms: Cash; Conventional Owner Pays: Electricity; Gas; Grounds Care; Insurance; Management; Pest Control; Repairs; Sewer; Taxes; Trash Collection; Water Pool Features: None Roof: Shingle Special Listing Conditions: Standard Utilities: Cable Available; Water Available Water Source: Public Showing Requirements: Appointment Only; No Sign

Contract Information

Original List Price: 37000000
Listing Contract Date: 2017-08-02
Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 494
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: 36 unit apartment complex. 8 carports and many storages for additional income. Fantastic location, close to the beach and downtown.27 one bedroom and 9 two bedroom units. Possible owner financing with at least 40% down.

Status Change Information

Major Change Timestamp: 2023-11-11T03:45:02Z
Major Change Type: Price Reduced
Price Change Timestamp: 2018-05-22T16:55:19Z
Status Change Timestamp: 2019-06-11
Purchase Contract Date: 2019-01-08
Close Date: 2019-05-31
Close Price: 3030000

More Information

Closing Company Details

Closing Company Name: A1A Beachside Title
Closing Company Address: 1980 N. Atlantic Ave. Cocoa Beach

Historical Information

Public Historical Remarks 3: Expenses Include-License Permits: Y, Expenses Include-Legal/Accounting: Y, Expenses Include-Advertising: Y

Location, Tax, and Legal

Tax Account: 2517961
Parcel Number: 25-37-14-Dd-00028.0-0007.00
General County Location: Central
Elementary School: Roosevelt
Middle School: Cocoa Beach
High School: Cocoa Beach
Tax Annual Amount: 20801.8
Tax Year: 2016
Tax Legal Description: COCOA BEACH LOTS 7 TO 12 BLK 28
Directions: Corner of A1A and 5th Street South

Appliances

Electric Range: Yes
Refrigerator: Yes

Construction Materials

Block: Yes
Concrete: Yes
Stucco: Yes

Flooring

Laminate: Yes
Tile: Yes
Vinyl: Yes

Levels

Two: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Pool Features

None: Yes

Income and Expenses

Gross Income: 0
Gross Scheduled Income: 0
Net Operating Income: 0
Operating Expense: 0

Owner Pays

Electricity: Yes
Gas: Yes
Grounds Care: Yes
Insurance: Yes
Management: Yes
Pest Control: Yes
Repairs: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Roof

Shingle: Yes

Special Listing Conditions

Standard: Yes

Utilities

Cable Available: Yes
Water Available: Yes

Water Source

Public: Yes

Showing Requirements

Appointment Only: Yes
No Sign: Yes

Listing Office: All Real Estate, Inc.

Last Updated: October - 23 - 2024

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