Riverfront 12-Unit Apartment
For Sale
$3,950,000
1-12-3550 S Atlantic Ave, Cocoa Beach, FL 32931
Six duplex buildings offer a mix of long-term and vacation rental occupancy beside the Banana River and near the beach.
Property Size8,656 SF
Price / SF$456.33
Days on Market26
Property Features for 1-12-3550 S Atlantic Ave
General Information
Standard status
Active
Size
8,656 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$15,841
Listing Agency:
RE/MAX Alternative Realty
(321) 258-8602
Listed By:
Jack Taylor · License #3073233
(321) 258-8602
Source:
Exprealty
Added: Jul 28
Changed: Aug 21
Last Checked: Aug 21 at 10:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Alternative Realty
Investment Insights
Based on property information with market context.
This apartment property comprises six duplex buildings with 12 total units, each configured as a 2/1. The community sits on a .7-acre parcel along the Banana River, with the beach approximately a three-minute walk away. Two boat slips are allowed, and the property includes a Trex dock.
Recent improvements include updated kitchens and bathrooms, PVC drain lines, appliances, electrical systems, and air-conditioning equipment. The roofs are approximately 7 to 9 years old, while the main entrance and internal street have received new asphalt. Current occupancy includes 6 long-term tenants and 6 vacation rentals, providing a combination of rental arrangements within the same community.
Recent improvements include updated kitchens and bathrooms, PVC drain lines, appliances, electrical systems, and air-conditioning equipment. The roofs are approximately 7 to 9 years old, while the main entrance and internal street have received new asphalt. Current occupancy includes 6 long-term tenants and 6 vacation rentals, providing a combination of rental arrangements within the same community.
Key Highlights
- 12 units across 6 duplex buildings, with every unit configured as a 2/1
- .7‑acre Banana River waterfront property approximately a 3‑minute walk from the beach
- 2 boat slips allowed, plus a new Trex dock
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
Explore this area
Business Placement
Demographics for 32931, FL
13,643
Population
10,763
Households
1.3
Avg Household Size
60
Median Age
52%
College-Educated
97%
High-School Grad
5.2 sq mi
ZIP Area
2,624
Density / Sq Mi
$84,769
Median Household Income
$51,769
Median Earnings
$1,533
Median Rent
$478,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six duplex buildings offer a mix of long-term and vacation rental occupancy beside the Banana River and near the beach.
Where is this apartment building located?
The property is located at 1-12-3550 S Atlantic Ave Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 12 units across 6 duplex buildings, with every unit configured as a 2/1; .7‑acre Banana River waterfront property approximately a 3‑minute walk from the beach; 2 boat slips allowed, plus a new Trex dock
