621 Peachtree St - Apartments FOR SALE


Cocoa, FL 32922
$1,995,000 USD
561-503-3648
621 Peachtree St, Cocoa, FL for Sale
$1,995,000 USD
Apartments - FOR SALE
1/10
null | 6.87% Cap Rate

621 Peachtree St
Cocoa, FL 32922


HIGHLIGHTS

  • STRONG VALUE ADD POTENTIAL
  • EXCELLENT COASTAL LOCATION
  • NEW ROOF ON 13 UNIT BUILDING
  • INCLUDES TWO SINGLE FAMILY HOMES ON SAME PARCEL

OVERVIEW

Located on a large 1.17 acre lot that includes 13 Multifamily units and 2 single family homes, close to everything that the surrounding area has to offer, The Dolphin Apartments bring coastal living on Florida’s Space Coast to affordable levels, making it a prime investment opportunity for any multifamily investor interested in the Florida Market. Only blocks from beautiful Indian River Drive (lined with high end coastal homes), and the shore of the Indian River, these 13 updated multifamily units plus an additional single family home, feature off-street parking, an on-site office, extensive greenspace, and attractive, spacious unit layouts. The location also ensures easy access to quality jobs, retail establishments, casual to fine dining, entertainment, and more! Nearby commerce and job opportunities are rich and plentiful. The area is famously home to Cape Canaveral and Kennedy Space Center, as well as a host of industrial, retail, and service businesses of all kinds. Commercial and private spaceflight continues to be a fast growing industry that employs people at all skill levels and walks of life. The Dolphin Apartments also feature full Concrete Block/Brick construction with a recently replaced, high quality sloped/gable roof. The site is also very much under-managed, offering an incoming investor massive upside for this unique and ideal location (see aerials). Across the water is Cocoa Beach, one of Florida’s premier vacation and beach destinations, and offering residents access to the Atlantic Coast easily and affordably. The surrounding area offers a unique mix of recreation for all kinds of interests including fishing, boating, beach-going, nightlife, museums, and much more! Brevard County, Florida is known for being a center of innovation and growth, while maintaining a quiet, coastal suburban feel that makes the area infinitely appealing to residents and investors alike.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$184 USD /SF

# OF UNITS

15

PRICE/UNIT

$133,000

CAP RATE

6.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Dolphin Aparments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

19

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,748 SF

ZONING

PS

APN/PARCEL ID

24-36-33-29-00003.0-0000.4A

ASK ABOUT THIS PROPERTY

Russell GoldsteinThe Goldstein Group (MRG Associates, LLC)More Info
561-503-3648

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Russell GoldsteinThe Goldstein Group (MRG Associates, LLC)More Info
561-503-3648

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