331-335 Brevard Ave Cocoa Beach, FL 32931
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.