304 & 306 Palm Ave
Cocoa, Florida 32922, United States

MLS#: W7860798

$279,000 USD

Type
Apartment
Bedrooms
2
Bathrooms
2
The details

Property features

Date Updated: Sep 10, 2024

Key features

1 Level Ranch

Construction details

Style
1 Level Ranch

Area

Bedrooms
2
Bathrooms
2
Total rooms
4

Description

Excellent duplex investment opportunity. This property features two separate units with their own utilities. The first, unit 306, has 2 bedrooms and 1.5 bath with a screened-in porch and carport. The second, unit 304, has 2 bedrooms and 1 bath, with a 20x23 concrete slab off the slider, perfect for barbecues! Both units have tile flooring throughout. This duplex can be used as a full rental property, or live in one unit, and rent out the other one. This duplex can be a value add opportunity to any buyer’s portfolio with market value rents. This Duplex offers two separate driveways that offer ample parking for multiple vehicles. The duplex sits on a large .35-acre lot with a nice-sized backyard area with plenty of potential. This duplex is also located in an approved Airbnb zone. This Duplex presents an excellent investment opportunity for those looking to add a property to their portfolio or someone looking to start a portfolio. Current rents are $900 for unit 306 this tenant is moving out December 2024 and this unit can be rented at market value $1,500-1600 a month. Unit 304 is currently rented for $1300 a month and this lease expires May 2025.


This Duplex is being sold AS-IS.




Ideally located close to I95, SR 520, Cocoa Village, Cocoa Beach, Port Canaveral/Cape Canaveral, and Merritt Island.

Location

304 & 306 Palm Ave, Cocoa, Florida 32922, United States
map image
Courtesy of Marino Perfetti CENTURY 21 BE3