181 Oak Avenue

Cocoa Beach, FL 32931

<HIGHEST AND BEST BY 9/21/24> Rare turnkey Duplex Opportunity! Lowest price per square foot for many miles in any direction! Seize the chance to own this beautifully maintained duplex, now available at an attractive price due to the landlord's early retirement. Ideally located just moments from the beach, dining, and shopping, this property offers the perfect blend of coastal charm and convenience. Situated on a generous lot, the duplex features two spacious units, each with 2 bedrooms and 1 bathroom. It stands out as the most competitively priced multi-family property in the area, with no HOA fees or rental restrictions—making it a prime choice for savvy investors or those interested in a dual-income residence. The expansive lot includes ample parking with a wide driveway and a practical carport, ensuring plenty of space for all your vehicles. Enjoy outdoor living with inviting dining and entertainment areas on the lush, private patio, surrounded by a well-maintained backyard. Recent updates include a durable 8-year-old roof and separate air conditioning units for each unit, individually metered for tenant convenience and efficiency. Inside, you'll find stylish laminate flooring throughout, cozy carpeted areas, and tiled kitchens and bathrooms. Each kitchen boasts elegant solid wood cabinets and generous counter space, adding a touch of sophistication. Additional features include on-site laundry facilities and a dedicated storage shed. Current tenants are paying below market rates—approximately $1, 200 and $1, 600 respectively—while market rents for these units are around $1, 750 each. With leases on a month-to-month basis, this property offers the potential for monthly income of $3, 500 to $3, 800 in one of Cocoa Beach's most coveted neighborhoods. Don’t miss this rare opportunity! Whether you’re an experienced investor looking to expand your portfolio or a savvy first-time homebuyer interested in living in one unit while renting the other, schedule your showing today and explore the endless possibilities this property has to offer! Easy to show! Feel free to soft pitch offers to listing agent. <FULL COOPERATION FOR AGENTS ON ANY MLS. NO ASSIGNABLE CONTRACTS>

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



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Data last updated at: 2024-09-16 04:00 PM EDT