637 S Orlando Avenue, Cocoa Beach, FL 32931
- $4,400,000
- 13
- BA
- 8,177
- SqFt
- List Price
- $4,400,000
- Status
- PENDING
- Days on Market
- 432
- Price Change
- ▲ $855,000 1772496985
- MLS#
- 1051839
- Subtype
- Commercial Sale
- Year Built
- 1956
- Bathrooms
- 13
- Living Area
- 8,177
- Lot Size
- 21,344
- Acres
- 0.49
- Subdivision
- Parsons Add To Cocoa Beach
- MLS Area Major
- Cocoa Beach
Property Description
Listed $855,000 below appraised value. 9.93% cap rate. Owning a short-term rental may offer access to tax strategies such as bonus depreciation and cost segregation. Bonus depreciation, which is currently available at 100% for qualifying property placed in service in 2025, May offer significant tax advantages. Speak with your tax advisor to explore how these options might benefit your investment. Listed below appraised value. The Drift is a fully renovated boutique short term rental complex located in the heart of Cocoa Beach, just a short walk to the surf and downtown. With 13 beautifully upgraded units, including both one-bedroom and two-bedroom options, The Drift offers a blend of modern amenities and coastal charm. This turnkey property is an ideal investment, offering strong cash flow potential and a highly desirable location. Selling with turn key ability.
Additional Information
- Heating
- Central, Other
- Air Conditioning
- Ceiling Fan(s), Central Air, Multi Units, Other
- Exterior Construction
- Block, Concrete, Stucco, Composition Siding
- Roof
- Shingle
- Parking
- Assigned, Parking Lot
Courtesy of Margaux Realty, Inc