331-335 Brevard Ave Cocoa Beach, FL 32931
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 331-335 Brevard Ave
- Year built
- 1958
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
Exceptional investment opportunity: a six-unit apartment building located at 331-335 S Brevard Avenue, Cocoa Beach, Florida, 32931. This multifamily property, built in 1958, consists of three duplexes situated on a spacious 22,651.2 square foot lot. The asking price is $1,799,000. Five of the six units are currently occupied by long-term tenants, providing immediate cash flow. The property's location, just a short walk from Cocoa Beach, ensures high tenant demand, suitable for both long-term rentals and vacation rentals. This property benefits from grandfathered zoning that exceeds current maximum density limits, making it a unique and valuable asset in a highly desirable area of Brevard County. The property presents a compelling opportunity for investors seeking strong returns in a prime coastal location. This is a rare chance to acquire a well-maintained, income-producing multifamily property with significant upside potential. The property's size and location offer considerable flexibility for future development or expansion. This is a turnkey investment ready for immediate income generation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cocoa Beach
- County
- Brevard
- State
- Florida
- Longitude
- -80.6108
- Latitude
- 28.3124
