Property profile

150 Peachtree St Cocoa, FL 32922

FOR SALE
Apartment buildings
Property ID
US18-2846346
1,512 SF 0.22 ac lot Built 1953
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 16-unit apartment building, known as Peachtree Apartments, presents a compelling investment opportunity in the desirable Cocoa, Florida market. Located at 150 Peachtree Street, 32922, this property boasts a prime location just one block from the scenic Indian River and within walking distance of the vibrant Cocoa Village. Enjoy the convenience of being only 15 minutes away from the popular Cocoa Beach. The building itself is constructed of durable concrete block, ensuring longevity and low maintenance. A significant investment in the property's infrastructure was made with the installation of a new roof in 2016, providing peace of mind for years to come. The property's strong location, coupled with its robust construction and recent improvements, makes it an ideal addition to any investor's portfolio. The asking price for this multifamily property is $1,700,000. This represents a rare chance to acquire a well-maintained, strategically located apartment building in a thriving Florida community. The property is classified as an apartment building within Brevard County. Its precise coordinates are latitude 28.3579311 and longitude -80.7291872.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1953
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,512 SF
Lot 0.22 ac (9,583 SF)
Zoning code RU225
APN 24-36-33-04-00000.0-0009.00
UPID US18-2846346

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Building

Location

150 Peachtree St Cocoa, FL 32922
Cocoa metro Census 71500 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2018
3 recorded transactions
2018
$612,500
2017
$445,000
2013
$342,000

Zoning & alternative use

RU225 · Cocoa, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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