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$260,000
84 Days Online

1118 Peachtree Street #1-4
Cocoa, FL 32922

For Sale|Multi-Family|Active
Subdivision:
Cocoa Annex Rep 02
County:
Brevard, FL
Call Now: 941-866-1666
Is this the home for you? We can help make it yours.
941-866-1666
1118 Peachtree Street1118 Peachtree Street1118 Peachtree Street1118 Peachtree Street
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Great Quadraplex - $2,450 a month income. All units rented on 12 month leases. Owner pays water/trash $260/Mo, Separate electric meters New 5 year old metal roof, good long term tenants, sidewalks, municipal electric, water and sewer. Rent study shows rents should be at $750-$800 but we are selling at this price because the rents are currently at $600-$650. Income $2,450. Water/Trash bill is $260 a month. Taxes are-$2805. Insurance $1800. Around $643 in expenses monthly. Very simple property. Income minus tax, Insurance, water. That is all of the expenses. One unit has recently been updated. Two other units have been repainted and flooring changed. I do not have additional photo's, you can walk the property and inspect in due Dilligence. Great location with a community garden next door. Child care center two properties over. Sams Club, Merritt Square Mall, Home Depot all within 1/4 mile. Ulamay Wildlife Sanctuary, Cocoa Beach, Pine Park & Provost Park nearby. All room sizes and numbers are from the property appraisers office or estimated - each buyer should quantify and inspect for themselves to verify. Drive by but do not disturb tenants. No seller finance Cash/convientional Financing welcome as usual Looking for a 1% in Florida? 8.7 Cap Rate Great Quadraplex - $2,450 a month income, Expenses $660 a month including water, tax & Insurance.? Owner pays water/trash of $260 a month.? The This property is well under rented.? Area rents are $850 and up but we are selling for what brings in now.? $2,450 x 100 = $245,000 but we are firm.? Income $29,400 Expenses - $7,920 NOI - $21,480 25% Down - $61,250 Cash on Cash return 16%

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Listing Snapshot
Price
$260,000
Days Online
84 Days
Bedrooms
N/A
Inside Area (SqFt)
1,992 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.17 Acres
Year Built
1962
MLS Number
U8109941
Status
Active
Property Tax
$2,805
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Public Records
Friends & Family
Recent Activity
10 hours agoListing updated with changes from the MLS
2 weeks agoStatus changed to Active
2 weeks agoPrice changed to $260,000
3 weeks agoStatus changed to Pending
a month agoStatus changed to Active
See 5 more
General Features
Listing Terms
CashConventional
Foundation
Slab
Garage
No
Parking
Assigned
Levels
One
Zoning
RU215
Sewer
Public Sewer
Utilities
Cable ConnectedElectricity ConnectedOtherPublicSewer ConnectedWater Connected
Water
Public
Annual Net Income
21505.0
Interior Features
Furnished
Unfurnished
Appliances
Electric Water HeaterFreezerIce MakerRangeRefrigerator
Cooling
Wall/Window Unit(s)
Heating
Wall Units / Window Unit
Fireplace
No
Interior
Ceiling Fans(s)
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Exterior Features
Exterior
Fenced
Roof
Shingle
Pool
No
View
Trees/Woods
Waterfront
No
Lot Features
In City LimitsNear Public Transit
Community Features
Senior Community
No
Listing courtesy of DALTON WADE INC



All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.
Data last updated at: 2021-04-11 05:26 AM EDT

Neighborhood & Commute
Source: Walkscore
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