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Tariq Saleem

info@mntintl.com +1(844) 668-7589

Listed by MARGAUX REALTY INC

$ 4,200,000

Est. payment -/mo

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Price Dropped by $100K

637 S ORLANDO AVE Cocoa Beach, FL 32931

8,177 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,177 sqft

Price per Sqft $513

Subdivision Parsons Add

MLS Listing ID O6328381

Construction Status Completed

HOA Y/N No

Year Built 1956

Annual Tax Amount $24,078

Lot Size 0.490 Acres

Acres 0.49

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

Listed below appraised value. The Drift is a fully renovated boutique short term rental complex located in the heart of Cocoa Beach, just a short walk to the surf and downtown. With 13 beautifully upgraded units, including both one-bedroom and two-bedroom options, The Drift offers a blend of modern amenities and coastal charm. This turnkey property is an ideal investment, offering strong cash flow potential and a highly desirable location. Selling with turn key ability: property management, revenue management, guest experience management, online travel agencies set up, direct booking website, google/apple business maps transferable, accounts/reviews transferable, returning guests, group booking contracts in place, central IT hub, City of Cocoa Beach and State of Florida licenses and qualified. Portfolio available: “The Juni” a 7 unit boutique motel a block away, listed at a 8% cap rate. 402 S Orlando Ave Cocoa Beach FL.

Location

State FL

County Brevard

Community Parsons Add

Area 32931 - Cocoa Beach

Zoning RM1

Interior

Heating Central, Other

Cooling Central Air, Other

Flooring Luxury Vinyl

Exterior

Utilities Available Natural Gas Available

View Y/N Yes

Water Access Yes

Water Access Desc Beach

Roof Type Shingle

Building

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block,Cement Siding,Stucco,Frame

New Construction false

Construction Status Completed

Others

Ownership Fee Simple

Special Listing Condition None

Tariq Saleem

Broker | BK3071788

+1(844) 668-7589

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Orlando, FL

Tariq Saleem

637 S ORLANDO AVE Cocoa Beach, FL 32931

Key Details

Location

Interior

Exterior

Building

Others

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637 S ORLANDO AVE