Space Coast Duplex

Current Rental Return

Cocoa, FL 32926

Bedrooms: 6    Bathrooms: 4    SQFT: 2,656

Year: 1987     ARV: $220,000

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Price Reduced, Space Coast multi-family opportunity!

Get in on the private space industry real estate boom with this large solid block duplex. Each unit consists of 3 bedrooms, 2 bathrooms, and a nice 2 car garage with 1,328 square feet.

There are another 2 full duplexes on the same street available at the same price of $189,900 for EACH duplex. All 3 duplexes are the same size and in similar condition. There are a number of long term tenants, and a couple of Section 8 tenants Occupying these units. The properties have been well maintained with all roofs 5 to 10 years old and AC’s 2 to 10 years old. As units have become vacant the carpet has been replaced with a nice wood vinyl. At current rent rates the cash-flow is good however, a new owner can increase rents as this market is now dictating with the current construction of a HUGE Walmart distribution center. The market rent for the 3 bedroom units is about $1,100 to $1,200.

Price and rental return numbers are for ONE full duplex.

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