181 OAK AVENUE COCOA BEACH FL 32931 MLS #T3536995

181 OAK AVENUE
COCOA BEACH, FL, 32931
$584,999
4 Beds
2 Baths
2,000 SqFt
0.18 Acres
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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

Property Details

Price:
$584,999
MLS #:
T3536995
Status:
Active
Beds:
4
Baths:
2
Address:
181 OAK AVENUE
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
COCOA BEACH ADD 08
City:
COCOA BEACH
Listed Date:
Jun 26, 2024
State:
FL
Finished Sq Ft:
2,000
ZIP:
32931
Lot Size:
7,841 sqft / 0.18 acres (approx)
Year Built:
1975
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Gary Kusher

Gary Kusher

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Schools

Interior

Appliances
Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Washer, Water Filtration System
Bathrooms
2 Full Bathrooms
Cooling
Central Air
Flooring
Laminate, Tile, Hardwood
Heating
Central, Electric
Laundry Features
Other

Exterior

Construction Materials
Concrete
Exterior Features
Awning(s), Lighting, Private Mailbox, Shade Shutter(s), Storage
Roof
Shingle

Financial

Buyer Agent Compensation
2.5%%
Tax Year
2023
Taxes
$5,219

Map

Community

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broker reciprocity Courtesy of RICHARD PETERS REALTY LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Stellar MLS. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Stellar MLS. All rights reserved.
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181 OAK AVENUE
COCOA BEACH, FL