181 Oak Avenue

Cocoa Beach, FL 32931

Rare turnkey Multi-Family Opportunity! The landlord's early retirement gives you the chance to snatch up this turnkey duplex at below market pricing! Perfectly positioned near the beach, restaurants, and shopping- this duplex combines coastal living with unbeatable convenience. Situated on a sizeable lot, this property features two units, each offering 2 bedrooms and 1 bathroom. Priced competitively as the lowest-priced multi-family dwelling in the area, alongside with no HOA or rental restrictions- it's an ideal choice for savvy investors or those seeking a dual-income property. Outside, the expansive lot offers ample parking space with a generous driveway and a convenient carport- providing plenty of parking options for all of your vehicles. The home features outdoor dining and entertainment areas- perfect for enjoying meals and entertaining guests on the beautiful patio surrounded by lush greenery in the scenic backyard. Recent updates include an 8-year-old roof and separate air conditioning units for each unit- individually metered for tenant convenience and efficiency. Inside, the property boasts gorgeous laminate flooring, complemented by carpeted spaces for added comfort, and tiled kitchens and bathrooms throughout. The kitchens feature expansive layouts with elegant solid wood cabinets and ample counter space- further enhancing the charm of each unit. Enjoy the ease of on-site laundry facilities and the convenience of a dedicated shed for all storage needs. The current tenants are paying below market rent, with rents at approximately $1, 200 and $1, 600 respectively. Their leases expire in September, and the current market rate for both units is approximately $1, 750. This presents the opportunity to own an income generating asset, bringing in $3500-$3800 per month, in one of the fastest appreciating neighborhoods in Cocoa Beach. Don't let this rare chance slip away! Whether you're an seasoned investor looking for another turnkey property to add to your portfolio, or a savvy first time home-buyer looking to live in one unit and rent the other- schedule your showing today and envision the endless possibilities! Easy to show! Feel free to soft pitch offers to listing agent. 2.5% COMMISSION FOR AGENTS ON ANY MLS

Listing courtesy of RICHARD PETERS REALTY LLC 352-448-9712



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Data last updated at: 2024-07-02 11:20 AM EDT