1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922 1118 PEACHTREE STREET # 4, COCOA FL 32922
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$260,000
56 days
For Sale β€’ 0 BEDS β€’ 0 BATHS β€’ 1,992 SQFT
Price cut: -$45K / -14.75% (2021/03/26)

1118 PEACHTREE STREET # 4, COCOA FL 32922

Florida β€’ COCOA β€’ 32922 β€’ For Sale

Overview

Great Quadraplex - $2,450 a month income. All units rented on 12 month leases. Owner pays water/trash $260/Mo, Separate electric meters New 5 year old metal roof, good long term tenants, sidewalks, municipal electric, water and sewer. Rent study shows rents should be at $750-$800 but we are selling at this price because the rents are currently at $600-$650. Income $2,450. Water/Trash bill is $260 a month. Taxes are-$2805. Insurance $1800. Around $643 in expenses monthly. Very simple property. Income minus tax, Insurance, water. That is all of the expenses. One unit has recently been updated. Two other units have been repainted and flooring changed. I do not have additional photo's, you can walk the property and inspect in due Dilligence. Great location with a community garden next door. Child care center two properties over. Sams Club, Merritt Square Mall, Home Depot all within 1/4 mile. Ulamay Wildlife Sanctuary, Cocoa Beach, Pine Park & Provost Park nearby. All room sizes and numbers are from the property appraisers office or estimated - each buyer should quantify and inspect for themselves to verify. Drive by but do not disturb tenants. No seller finance Cash/convientional Financing welcome as usual Looking for a 1% in Florida? 8.7 Cap Rate Great Quadraplex - $2,450 a month income, Expenses $660 a month including water, tax & Insurance.? Owner pays water/trash of $260 a month.? The This property is well under rented.? Area rents are $850 and up but we are selling for what brings in now.? $2,450 x 100 = $245,000 but we are firm.? Income $29,400 Expenses - $7,920 NOI - $21,480 25% Down - $61,250 Cash on Cash return 16%

Facts and features

Type:
Residential Income
Year Built:
1962
Heating:
• Wall Units / Window Unit
Cooling:
• Wall/Window Unit(s)
Parking:
• Assigned
Lot:
0.17
Price/sqft:
$131

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