Rare opportunity to own a unique, income-producing waterfront
property in Cocoa Village. There are 4 buildings, two main homes
with a total of 9 bedrooms and 9.5 bathrooms. Custom 2022
home with 2 levels, 3 bedrooms, 3 baths with an elevator and
soaring 12' ceilings and 9' doors. This stunning home features a
gourmet kitchen with Wolf gas range, Sub-Zero fridge, Miele coffee
maker, wine bar, brick accents, hand-scraped hardwood floors, and
gorgeous views. There are three other buildings, an Edwardian
era main house (former B&B) with 3 bedrooms, 3.5 bathrooms,
gourmet kitchen with an attached one-bedroom apartment with
separate entrance. Also, a thriving Airbnb cottage that all sit on
133' of Indian River frontage with dock and 10,000 lb. boat lift.
Property also includes a 3-car garage, with a one-bedroom apartment
above with patio and garden planters. Turnkey, and leases convey.
Rocket launch site, and so much outdoor living! Walking distance to
all that Cocoa Village has to offer!
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Interior Features: Breakfast Bar, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Elevator, Entrance Foyer, Kitchen Island, Open Floorplan, Vaulted Ceiling(s), Walk-In Closet(s), Primary Bathroom -Tub with Separate Shower
Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Water Heater, Gas Range, Microwave, Refrigerator, Tankless Water Heater, Washer, Washer/Dryer Stacked
Flooring Type: Tile, Vinyl, Wood, Other
Laundry Features: In Garage, In Unit, Lower Level, Sink, Upper Level
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