Sale Is 3 Parcels Tax ID 2443422, 2424549, 2424542Building # 1: 1920 sq. ft. building, cement block, 1 story. Currently houses a beauty salon and office space.Building # 2: 2000 sq. ft. building, cement block, 1 story. Currently houses Spa/Massage Salon.
Wow! What a wonderful opportunity. This listing includes two commercial bldgs & two residential units. All properties are well maintained and are currently rented! Located on busy Forrest Ave near the downtown Cocoa area and one block from the Indian River. 802 Forrest has an up stair & a down stair rental unit, both have washer/dryer, together the square footage is 1600. 804 currently houses a hair salon, & 806 is being used as a worship center with a total sq ft of 4,800. Total monthly income $3,115 for an annual total income of $37,380! Total annual expenses are $8,340, including property taxes, for an annual net income of $28,950. Producing a cap rate of 8.4%. Owner retiring. LREA is related to owner.
OPPORTUNITY KNOCKS!! Two well-maintained duplexes (4 units), fully rented with common laundry area. Units produce an annual gross income of $30,360 minus minimal operating expenses of $6,744, which includes property taxes, providing a cap rate of 8%. The duplexes are surrounded by beautiful Oak trees! Quaint and quiet, one block from the Indian river, Forrest Ave,close to Hwy 520, and Downtown Cocoa. Perfect area for your tenants to go biking, jogging, or walk to dinner in the Village, and then walk dinner off on the way back!! Drive by is OK- PLEASE do not disturb the tenants. Owner is related to LREA.
This property has been rehab and is making money now that there are tenants. Income is rising, (1) 4 plex with 2 bed 1 bath units brand new refrigerators and stoves, 3 Air units new, clean and with paying tenants. The duplex in back has (1) 2 bedroom 1 bath unit with a brand new kitchen and appliances, newer flooring window units, the one bed has 1 bath and is remodeled with window units. New Plumbing lines in the duplex and new Electrical in the Duplex. Expenses are low........
This if for the sale of 3 homes in Cocoa, Fl. The two that are rented have been remodeled, the vacant home is in need of renovation. The individual MLS numbers for your review are: 676188,676191,676193.
the first unit is a single family 2/1, about 986 sq ft with woods floors, newer windows, decent cabinets, central air and is in move in, rental condition and should rent for about $650-$700/mth. The back building is a duplex with 2 - 2 bedroom/ 1 bath units. Each unit is about 800 sq ft. This building also has newer windows, decent kitchens, window units for air conditioning and decent floors.
2 units, 2 bedrooms 1 bath, charming tongue and groove paneling through out, needs tlc, owner has owned 20 years, maintenance and collection has gotten to be too much since he just lost his wife, and wants to just get rid of it. sold for 45k in 1993, great cash throughoff for the investment. Both units rented at 450.00 each for a total of $900.00 monthly. Has rented in the past for $595.00.