For Sale
$1,799,000

331-335 Brevard Ave Cocoa Beach, FL 32931

Six-unit apartment building, prime beach location.

Overview

Added:
Dec 11, 2024
Days on market:
137
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.

Highlights

  • Six-unit apartment building in Cocoa Beach, FL, asking $1,799,000.
  • Built in 1958, comprised of three duplexes on a 22,651.2 sq ft lot.
  • Five of six units currently occupied by long-term tenants.
  • Prime Cocoa Beach location, walkable to beach, ideal for long-term and vacation rentals.
  • Grandfathered zoning allows higher density than currently permitted.

Property Details for 331-335 Brevard Ave

Property type
Apartment buildings, Small apartment buildings
Year Built
1958
Units
6

Location Insight

City
Cocoa Beach
County
Brevard
State
Florida
Latitude
28.312363
Longitude
-80.610851

FAQs

What type of property is this?
Apartment building - Six-unit apartment building, prime beach location.
Where is the apartment building located?
The property is located at 331-335 Brevard Ave Cocoa Beach, FL.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Six-unit apartment building in Cocoa Beach, FL, asking $1,799,000.; Built in 1958, comprised of three duplexes on a 22,651.2 sq ft lot.; Five of six units currently occupied by long-term tenants.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
331-335 Brevard Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message