$775,000
$785,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
3,409 SqFt
SOLD DATE : 05/12/2022
Key Details
Sold Price $775,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,409 sqft
Price per Sqft $227
Subdivision Derbys Add
MLS Listing ID O5989108
Sold Date 05/12/22
Construction Status Financing
HOA Y/N No
Year Built 1960
Annual Tax Amount $5,733
Lot Size 0.340 Acres
Acres 0.34
Lot Dimensions 103.40 x 150
Property Description
IMMEDIATE INCOME & LOCATION, LOCATION, LOCATION... Just steps to the shops, restaurants, LIVE music, festivals and events in downtown Cocoa Village; this 3/2 HOME & separate QUADPLEX(built 1987) offers the perfect investment opportunity and/or permanent residence that literally pays for itself. Live in the house & rent the 4, 1/1 studio apartments or purchase as a pure investment renting the entire complex; either way this is a RARE OPPORTUNITY in an incredible location. Very well maintained property with tons of improvements since current owner purchased in 2014. Annual leases in place for all 4 apartments which have been fully renovated including the addition of washer & dryers in each unit. The 3/2 single family home with original hardwood floors throughout living, dining & bedrooms is also newly renovated with fresh paint inside & out, brand new paver driveway & entry, updated baths, new fixtures/ceiling fans, blinds, granite counters(kitchen), fresh landscaping including addition of irrigation system, new roof(2018), new exterior doors, new hot water heater(2019) and the conversion of all cast iron plumbing to PVC(2018). One of 2 additional flex rooms could easily be converted to a 4th bedroom. Market rent estimate for house likely $1900-$2200/mo+. There's plenty of parking & even an owner's shed adjacent to the quadplex to store your tools & supplies. 15-20 min drive to Cocoa Beach or Cape Canaveral & 40 minutes to Orlando International Airport.
Location
State FL
County Brevard
Community Derbys Add
Zoning RU225
Interior
Interior Features Ceiling Fans(s), Solid Surface Counters, Window Treatments
Heating Electric, Wall Units / Window Unit
Cooling Central Air, Wall/Window Unit(s)
Flooring Tile, Vinyl, Wood
Fireplaces Type Wood Burning
Fireplace true
Laundry Laundry Room
Exterior
Exterior Feature Balcony, Fence, Irrigation System, Lighting, Rain Gutters, Sidewalk, Storage
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Sprinkler Recycled, Water Connected
Roof Type Shingle
Garage false
Private Pool No
Building
Foundation Crawlspace, Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Construction Status Financing
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None
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