Fenced Income Compound with
222 Rosa L Jones Drive Cocoa, FL 32922
For Sale
$695,000
MULTI_FAMILY - Cocoa, FL
Property Size2,358 SF
Lot Size0.32 Acres
Price / SF$294.74
Days on Market194
Property Features for 222 Rosa L Jones Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
1
Rooms
Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1
Parking features
Open, RV, Garage
Security features
Security System
Fencing
Fenced
Appliances
Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Standard status
Active
APN
24-36-33-80-00014.0-0008.01
Size
2,358 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S F TRAVIS ADDN TO COCOA W 75 FT OF E 175 FT OF LOT 8 BLK 14
Tax Annual Amount
6940
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Window Unit(s), Central Air, Wall/Window Unit(s)
Water source
Public
Building Details
Year built
2018
Floors in Building
1
Number of units
4
Flooring type
Concrete, Tile
Building materials
Block, Concrete, Stucco
Roof type
Metal
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Lisa Lantrip · License #3241138
(321) 802-0220
Added: Jan 16
Changed: Jul 28
Last Checked: Jul 29 at 7:06PM
MLS# 1066739
Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully furnished, fully fenced income compound offers multiple flexible spaces, including two furnished 1BR residences, a detached rear cottage, and a climate-controlled warehouse. The warehouse includes plumbing, electrical, and HVAC, with the seller stating the structure has future conversion potential. The rear cottage is described as offering potential to be reconfigured into two studios (buyer to verify).
The property is offered as a turnkey setup with immediate income: the seller will lease the warehouse back for $1,000 per month for up to two years. Constructed in 2018 by a commercial contractor, the compound is described as hurricane-resistant and wind-load engineered to 160 mph, with impact-rated windows and doors and metal roofing. Additional noted features include commercial-grade infrastructure, concrete parking, and LED lighting throughout.
An oversized 1,300+ sq ft RV/garage structure under air is also part of the offering, described with 50-amp RV and welding circuits, an RV sewer tap, interior water hookups, a generator transfer switch, dual garage door access, and a 5-ton York AC system. The listing also notes commercial-spec electrical conduit and switch gear and city-supplied reuse-water irrigation for the property.
The property is offered as a turnkey setup with immediate income: the seller will lease the warehouse back for $1,000 per month for up to two years. Constructed in 2018 by a commercial contractor, the compound is described as hurricane-resistant and wind-load engineered to 160 mph, with impact-rated windows and doors and metal roofing. Additional noted features include commercial-grade infrastructure, concrete parking, and LED lighting throughout.
An oversized 1,300+ sq ft RV/garage structure under air is also part of the offering, described with 50-amp RV and welding circuits, an RV sewer tap, interior water hookups, a generator transfer switch, dual garage door access, and a 5-ton York AC system. The listing also notes commercial-spec electrical conduit and switch gear and city-supplied reuse-water irrigation for the property.
Key Highlights
- Built in 2018 with block, concrete, and stucco construction and a metal roof
- Fully fenced income compound with 2 furnished 1BR residences plus a detached rear cottage and climate‑controlled warehouse
- Seller lease‑back: warehouse will be leased back for $1,000/mo for up to 2 years for immediate income
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.0k | $17.40 |
| − Vacancy | −$2.7k | −$1.13 |
| EGI | $38.4k | $16.27 |
| − OpEx | −$11.5k | −$4.88 |
| NOI | $26.9k | $11.39 |
2,358 SF · lease $17.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$383.6K
$335.7K – $447.6K
NOI $26,854 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$344.8K
$301.7K – $402.3K
NOI $24,138 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$622.1K
$544.4K – $725.8K
NOI $43,548 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Fully furnished, fenced compound with two 1BR residences, a detached cottage, and a climate-controlled warehouse with utilities.
Where is this quadplex located?
The property is located at 222 Rosa L Jones Drive Cocoa, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Built in 2018 with block, concrete, and stucco construction and a metal roof; Fully fenced income compound with 2 furnished 1BR residences plus a detached rear cottage and climate‑controlled warehouse; Seller lease‑back: warehouse will be leased back for $1,000/mo for up to 2 years for immediate income
