312 Wavecrest Ave - Multi-Family FOR SALE


Indialantic, FL 32903
$2,250,000 USD
321-759-7555
312 Wavecrest Ave, Indialantic, FL for Sale
$2,250,000 USD
Multi-Family - FOR SALE
1/42
null | Request Cap Rate

312 Wavecrest Ave
Indialantic, FL 32903


OVERVIEW

Legal short term rental Triplex along the Atlantic Ocean in the heart of the Indialantic Tourist District. Rare investment and lifestyle opportunity awaits at this one-of-a-kind property. Each of the three town homes is approx.1500 sq ft, fully furnished and turn-key. Each unit features 2 bedrooms, 2 full baths (2 of the units also have an additional 1/2 bath), private 1 car garage and private courtyard with hot tub, easily sleeps 6. As an established high-performing weekly rental, the property offers flexibility such as option to live in one unit while renting out the others, rent all three to maximize income, or use one unit as a seasonal retreat with built-in ROI. Perfect location walk/bike to unique restaurants, coffee shops, beach bars, grocery stores, Surf shops and boutiques. Only 65 miles from Disney World with an essentially no-turn drive straight on 1-92 making this one of the closest coastal accommodations to the Disney parks. Flexible tourist zoning allows for redevelopment a range of future uses-excellent long term redevelopment potential

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$408 USD /SF

# OF UNITS

3

PRICE/UNIT

$750,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

T

APN/PARCEL ID

27-38-31-EO-00038.0-0015.00

ASK ABOUT THIS PROPERTY

Heather BoeschEngel&Voelkers Melbourne BeachsideMore Info
321-759-7555

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Heather BoeschEngel&Voelkers Melbourne BeachsideMore Info
321-759-7555

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