215 Riverside Dr - Apartments FOR SALE


Cocoa, FL 32922
$1,600,000 USD
321-543-1374
215 Riverside Dr, Cocoa, FL for Sale
$1,600,000 USD
Apartments - FOR SALE
1/35
null | 6.86% Cap Rate

215 Riverside Dr
Cocoa, FL 32922


OVERVIEW

Own a piece of history! This amazing 12 unit complex right in Cocoa Village is a turn key income producing property, with 100' of water frontage. Each unit is unique, some with their own balconies, water views, and multi level rooms. From studios, 1 bed, 2 beds, and a 3 bed unit, there is unlimited opportunity. There is a front main entrance with interior stairs to access the units, as well as a rear access to the main parking area. With all parking in the rear of the building, you have a clear view to the Indian River from almost every unit. Unit 1 1 bed $1,100.00 Remodeled Unit 2 Loft $700.00 Same tenant 5 years Unit 3 2 bed $1200.00 2nd floor Rear view somewhat updated Unit 4 1 bed $1050.00 2nd floor river viewOpen concept large bedroom Unit 5 Studio $875.00 2nd floor small deck Unit 6 1 bed $875.00 3rd floor total remodel Unit 7 Studio $750.00 3rd floor Large studio Unit 8 Studio $925.00 3rd floor small deck Unit 9 1 bed $900.00 2nd floor large 1 bed Unit 10 1 bed $750.00 1st floor screen porch Unit 11 1 bed $950.00 1st floor large 1 bedroom Unit 12 3 bed $1900.00 1st floor largest

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$268 USD /SF

# OF UNITS

10

PRICE/UNIT

$160,000

CAP RATE

6.86%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1922

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

-

APN/PARCEL ID

24-36-33-81-00000.0-0008.00

ASK ABOUT THIS PROPERTY

Brandon PhillipsBlue Marlin Real EstateMore Info
321-543-1374

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Brandon PhillipsBlue Marlin Real EstateMore Info
321-543-1374

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.