138 Pasco Ln Cocoa Beach, FL 32931
- Mixed-use properties
- 1,728 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 138 Pasco Ln
- Property size
- 1,728 SF
- Property type
- Mixed-use properties
Description
Exceptional investment opportunity in Cocoa Beach, Florida! This 1,728 square foot mixed-use property, located at 138 E Pasco Ln, 32931, presents a compelling blend of residential comfort and lucrative short-term rental potential. Boasting a strong 8.5% cap rate and 100% occupancy, this turnkey property is priced at $940,000 and is ideal for a 1031 exchange. The fully furnished, four-bedroom, two-bathroom home showcases a beautifully updated mid-century modern design, featuring sleek lines, period-perfect decor, wood ceilings, and terrazzo and tile flooring. Enjoy the convenience of a private saltwater pool, one-car garage, carport, and ample space for RV or boat parking. Situated just 200 yards from the beach, this property offers unparalleled access to Cocoa Beach Pier, restaurants, and shops. With no HOA and no rental restrictions, this property provides flexibility for use as a primary residence, vacation home, or high-earning Airbnb. This is a rare opportunity to acquire a high-performing, turnkey investment property in a prime coastal location. The property's strong financial performance and desirable location make it an exceptional addition to any investment portfolio.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cocoa Beach
- County
- Brevard
- State
- Florida
- Longitude
- -80.6055
- Latitude
- 28.3636
