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637 Orlando Avenue, COCOA BEACH, FL 32931
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637 Orlando Avenue
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Would you like to sell your home before you purchase this one?
Priced at Only: $3,950,000
For more Information Call:
Address: 637 Orlando Avenue, COCOA BEACH, FL 32931
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More Like This
  • MLS#: O6328381 ( Commercial Sale )
  • Street Address: 637 Orlando Avenue
  • Viewed: 65
  • Price: $3,950,000
  • Price sqft: $468
  • Waterfront: No
  • Year Built: 1956
  • Bldg sqft: 8441
  • Days On Market: 80
  • Additional Information
  • Geolocation: 28.307 / -80.6095
  • County: BREVARD
  • City: COCOA BEACH
  • Zipcode: 32931
  • Subdivision: Parsons Add
  • Provided by: MARGAUX REALTY INC
  • Contact: Adolfo Pereira IV
  • 407-965-8447
  • mfrmls
  • DMCA Notice
  • Description
    Listed $450,000 below appraised value. 8.91% cap rate. 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 Drift is a fully renovated boutique short term rental complex located in the heart of Cocoa Beach, just a short walk to the surf and downtown. With 13 beautifully upgraded units, including both one bedroom and two bedroom options, The Drift offers a blend of modern amenities and coastal charm. This turnkey property is an ideal investment, offering strong cash flow potential and a highly desirable location. 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 Juni a 7 unit boutique motel a block away.. 402 S Orlando Ave Cocoa Beach FL.
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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Flooring: Luxury Vinyl
  • Living Area: 8177.00
  • Roof: Shingle
Property Information
  • Property Condition: Completed
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, Other
  • Heating: Central, Other
  • Road Frontage Type: City Street
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 352000.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Country: US
  • Legal Description: PARSONS ADD TO COCOA BEACH LOTS 4, 5, 6 BLK 26 A
  • Area Major: 32931 - Cocoa Beach
  • Parcel Number: 25 3714-51-26.A-4
  • Possession: Close Of Escrow
  • Views: 65
  • Zoning Code: RM1
Similar Properties

Details for 637 Orlando Avenue, Cocoa Beach, FL 32931
$3,950,000.00 ($467.95 / sqft )

637 Orlando Avenue More Like This

Listed $450,000 below appraised value. 8.91% cap rate. Owning a short term rental may offer access to tax strategies such as bonus depreciation and cost segregation. Bonus depreciation, which is curre

  1. Request Information
  1. Approx. 8441 sqft
  1. MLSID: O6328381
  2. Provided by MARGAUX REALTY INC
  3. Provided through
  4. DMCA Notice
83 Pictures and Information
Nearby Subdivisions
Burchfiel Bruners Addn To Cre   Cocoa Beach Blks 37 28a   Cocoa Beach Blks 37 & 28a   Parsons Add  
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