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Listed by
Bought with

$1,945,000

Est. payment - /mo

3,156 SqFt

Active

402 S ORLANDO AVE Cocoa Beach, FL 32931

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Sean Bates

sean@realtorseanbates.com +1(813) 413-1147

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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,156 sqft

Price per Sqft $616

Subdivision Cocoa Beach Blks 37 & 28A

MLS Listing ID O6317171

Construction Status Completed

HOA Y/N No

Year Built 1961

Annual Tax Amount $16,627

Lot Size 0.260 Acres

Acres 0.26

Lot Dimensions 76x150

Property Sub-Type Multi Family

Source Stellar MLS

Property Description

Listed $75,000 below appraised value. 8.82% cap rate, financials available. 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 Juni is a fully renovated & fully furnished boutique short term rental complex located just steps from the iconic Cocoa Beach. The Juni was fully renovated in 2024, full renovation list available. With 7 beautifully designed units, it's the perfect blend of modern design and coastal charm. The Juni is located in a prime location, a 500' walk to public access to the shores of Cocoa beach and half a mile from downtown Cocoa Beach shores. Unit Mix: 5 Studio units with kitchenettes, 1 One Bedroom unit with full kitchen, 1 Two Bedroom unit with full kitchen and laundry. Other features include a stock tank plunge pool, outdoor space and bbq area, keyless entry, onsite parking and high speed wi-fi. This property offers great investment potential with its modern updates and prime location in Cocoa Beach. The Juni Motel combines cash flow with branding appeal, making it a standout opportunity! Selling with turn key ability: property management, revenue management, guest experience management, online travel agencies set up, direct booking website, google/apple business maps transferable, accounts/reviews transferable, returning guests, group booking contracts in place, central IT hub, City of Cocoa Beach and State of Florida licenses and qualified. Portfolio available: “The Drift” a 13 unit boutique hotel a block away. 637 S Orlando Ave Cocoa Beach, FL.

Location

State FL

County Brevard

Community Cocoa Beach Blks 37 & 28A

Area 32931 - Cocoa Beach

Zoning RM1

Interior

Cooling Ductless

Flooring Laminate

Appliance Dishwasher, Dryer, Microwave, Refrigerator, Washer

Exterior

Parking Features Parking Spaces - 6 to 12

Water Access Yes

Water Access Desc Beach

Roof Type Shingle

Building

Lot Description City Limits, Landscaped, Paved

Story 1

Foundation Slab

Lot Size Range 1/4 to less than 1/2

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Construction Status Completed

Others

Ownership Partnership

Special Listing Condition None

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Sean Bates

Team Lead | SL3271378

+1(813) 413-1147

402 S ORLANDO AVE Cocoa Beach, FL 32931

Sean Bates

Key Details

Location

Interior

Exterior

Building

Others

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402 S ORLANDO AVE