$2,400,000
Cocoa Beach, FL 32931
MLS# 1035856
Status: Closed
8 baths
1 / 45
Property Description
RARE FIND High return Airbnb RIVERFRONT Property. Multifamily, 2 concrete-block buildings, 1 carport and parking lots for 9 cars total. The main house has 5 bedrooms, 4 bathrooms, gas heated pool and spa, 2020 roof. The riverfront quadplex has 4 units with 2 bedrooms and 1 bath each. Separate electrical and water meters for each unit. Updated kitchens, bathrooms, floorings, PVC plumbing, etc. Fishing right off your dock, have sunrise and sunset view all for yourself. Next door neighbor is Villa Verde Condominium with million-dollar condos. Beach access across the street, 6 min-drive to Cocoa Beach downtown with restaurants, shopping, activities, 20 min to cruise ports, about 1hr to Orlando attractions. Own this piece of paradise and start collecting money from your investment now! Call for private showing.
Details
Maps
Contract Information
Comp Sale YN: No
Current Price: $2,400,000
Original List Price: 2599000
Sold Price: $2,400,000
Status: Closed
Listing Contract Date: 2024-11-04
Property Sub Type: Multi Family
Location, Tax, and Legal
Tax Account: 2520992
Parcel Number: 25-37-35-25-00003.0-0006.00
General County Location: Central
Tax Annual Amount: 17105
Tax Year: 2024
Tax Legal Description: ORLANDO BEACH LOT 6 BLK 3
Additional Parcels YN: No
Directions: From Satellite Beach, HWY A1A North B, right pass Patrick Space Force, house on Left, before Villa Verde Condominium.
General Property Information
Number Of Units Total: 5
Building Area Total: 4228
Building Area Source: Public Records
Lot Size Acres: 0.34
Accessibility Features YN: No
Association YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Water Body Name: Banana River
Land Lease YN: No
Senior Community YN: No
List Price/SqFt: 591.06
Sold Price/SqFt: 567.64
Bathrooms Total: 8
Year Built: 1959
Remarks and Miscellaneous
Public Remarks: RARE FIND High return Airbnb RIVERFRONT Property. Multifamily, 2 concrete-block buildings, 1 carport and parking lots for 9 cars total. The main house has 5 bedrooms, 4 bathrooms, gas heated pool and spa, 2020 roof. The riverfront quadplex has 4 units with 2 bedrooms and 1 bath each. Separate electrical and water meters for each unit. Updated kitchens, bathrooms, floorings, PVC plumbing, etc. Fishing right off your dock, have sunrise and sunset view all for yourself. Next door neighbor is Villa Verde Condominium with million-dollar condos. Beach access across the street, 6 min-drive to Cocoa Beach downtown with restaurants, shopping, activities, 20 min to cruise ports, about 1hr to Orlando attractions. Own this piece of paradise and start collecting money from your investment now! Call for private showing.
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Current Use
Hotel/Motel: 1
Fencing
Block: 1
Full: 1
Wood: 1
Flooring
Tile: 1
Vinyl: 1
Listing Terms
Cash: 1
Conventional: 1
Other: 1
Lot Features
Few Trees: 1
Parking Features
Additional Parking: 1
Assigned: 1
Attached Carport: 1
Guest: 1
Shared Driveway: 1
Possession
Close Of Escrow: 1
Water Body Access Type
Navigable: 1
Owned: 1
Income and Expenses
Gross Income: 326648
Operating Expense: 48997.2
Source of Expenses - Owner: 68,787.16
Owner Pays
All Utilities: 1
Cable TV: 1
Common Area Maintenance: 1
Electricity: 1
Exterior Maintenance: 1
Gas: 1
Grounds Care: 1
Hot Water: 1
HVAC Maintenance: 1
Insurance: 1
Janitorial Service: 1
Management: 1
Other Tax: 1
Pest Control: 1
Pool Maintenance: 1
Repairs: 1
Roof Maintenance: 1
Security: 1
Sewer: 1
Taxes: 1
Trash Collection: 1
Water: 1
Road Frontage Type
City Street: 1
Roof
Membrane: 1
Shingle: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Tenant Pays
Janitorial Service: 1
Unit 1 Details
Unit ID: main house
Annual Rent: 125000
Unit SqFt: 1404
# Units (This Type): 1
Baths Total: 4
Furnished: Furnished
Unit Remarks: main house
Unit 2 Details
Unit ID: 15
Annual Rent: 50000
Unit SqFt: 706
# Units (This Type): 1
Baths Total: 1
Furnished: Furnished
Unit Remarks: quadplex
Unit 3 Details
Unit ID: 16
Annual Rent: 50000
Unit SqFt: 706
# Units (This Type): 1
Baths Total: 1
Furnished: Furnished
Unit Remarks: quadplex
Unit 4 Details
Unit ID: 17
Annual Rent: 50000
Unit SqFt: 706
# Units (This Type): 1
Baths Total: 1
Furnished: Furnished
Unit Remarks: quadplex
Unit 5 Details
Unit ID: 17
Annual Rent: 50000
Unit SqFt: 706
# Units (This Type): 1
Baths Total: 1
Furnished: Furnished
Unit Remarks: quadplex
Utilities
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Separate Electric Meters: 1
Separate Water Meters: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Waterfront Features
River Front: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Listing Agent Must Accompany: 1
Building Features
Fenced: 1
Laundry: 1
Pool: 1
Ceiling Type
Drywall: 1
Location
Beach Area: 1
Operating Expense Includes
Cable TV: 1
Insurance: 1
Maintenance: 1
Maintenance Grounds: 1
Manager: 1
Parking: 1
Pest Control: 1
Pool/Spa: 1
Professional Management: 1
Trash: 1
Utilities: 1
Water/Sewer: 1
Showing Considerations
Occupied: 1
Sale Includes
Building & Land: 1
Furniture, Fixtures and Equipment: 1
Location Tax and Legal
Street Number: 3524
Street Direction Prefix: S
Street Name: Atlantic
Street Suffix: Avenue
County: Brevard
State: FL
Postal Code: 32931
MLS Area Major: 272 - Cocoa Beach
Subdivision Name: Orlando Beach
Status Change Information
Major Change Timestamp: 2025-11-24T09:19:54Z
Major Change Type: Status Change
Price Change Timestamp: 2025-05-09T20:29:56Z
Status Change Timestamp: 2025-11-24
Purchase Contract Date: 2025-10-15
Close Date: 2025-11-19
Close Price: 2400000
Property Features
Building Features: Fenced; Laundry; Pool
Ceiling Type: Drywall
Construction Materials: Block; Concrete; Stucco
Cooling: Ceiling Fan(s); Central Air; Electric
Current Use: Hotel/Motel
Fencing: Block; Full; Wood
Flooring: Tile; Vinyl
Listing Terms: Cash; Conventional; Other
Location: Beach Area
Lot Features: Few Trees
Operating Expense Includes: Cable TV; Insurance; Maintenance; Maintenance Grounds; Manager; Parking; Pest Control; Pool/Spa; Professional Management; Trash; Water/Sewer
Owner Pays: All Utilities; Cable TV; Common Area Maintenance; Electricity; Exterior Maintenance; Gas; Grounds Care; Hot Water; HVAC Maintenance; Insurance; Janitorial Service; Management; Other Tax; Pest Control; Pool Maintenance; Repairs; Roof Maintenance; Security; Sewer; Taxes; Trash Collection; Water
Parking Features: Additional Parking; Assigned; Attached Carport; Guest; Shared Driveway
Possession: Close Of Escrow
Water Body Access Type: Navigable; Owned
Road Frontage Type: City Street
Roof: Membrane; Shingle
Sale Includes: Building & Land; Furniture, Fixtures and Equipment
Sewer: Public Sewer
Showing Considerations: Occupied
Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany
Special Listing Conditions: Standard
Tenant Pays: Janitorial Service
Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Separate Electric Meters; Separate Water Meters; Sewer Connected; Water Connected
Water Source: Public
Waterfront Features: River Front
Listing Office: Blue Marlin Real Estate
Last Updated: November - 24 - 2025
Information is deemed to be reliable, but is not guaranteed.