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402 S Orlando Avenue, Cocoa Beach, FL 32931

$1,795,000

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Property Description

Listed $225,000 below appraised value. 9.56% cap rate, financials available. 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 Juni is a fully renovated & fully furnished boutique short term rental complex located just steps from the iconic Cocoa Beach. The Juni was fully renovated in 2024, full renovation list available. With 7 beautifully designed units, it's the perfect blend of modern design and coastal charm. The Juni is located in a prime location, a 500' walk to public access to the shores of Cocoa beach and half a mile from downtown Cocoa Beach shores. Unit Mix: 5 Studio units with kitchenettes, 1 One Bedroom unit with full kitchen, 1 Two Bedroom unit with full kitchen and laundry. Other features include a stock tank plunge pool, outdoor space and bbq area, keyless entry, onsite parking and high speed wi-fi. This property offers great investment potential with its modern updates and prime location in Cocoa Beach. The Juni Motel combines cash flow with branding appeal, making it a standout opportunity! 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 Drift a 13 unit boutique hotel a block away. 637 S Orlando Ave Cocoa Beach, FL.

402 S Orlando Avenue | MLS# O6318947

This multi-family property located at 402 S Orlando Avenue, Cocoa Beach, FL 32931 is currently listed for sale with an asking price of $1,795,000. Search Cocoa Beach real estate on katherinef.watsonrealtycorp.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Mini-Split Unit(s)
Heating: Electric
Lot Size: 0.26 Acres
Roof Type: Shingle
Taxes: $16,627
Year Built: 1961
Square Feet: 3,156

Amenities

Ceiling Fans(s)
Open Floorplan
Stone Counters
Courtyard
French Doors
Hurricane Shutters

Feature Descriptions

Annual Net Income: 171561.00
Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
Body of Water: COCOA BEACH
Days on Site: 261
Directions: From the 528, continue S on to Astronaut Blvd, which turns into N Atlantic Ave, continue south until N Atlantic Ave turns in S Orlando Ave, turn right onto 4th St. Propery will be on your left.
Exterior: Block
Flood Zone Code: X
Flooring: Laminate
Foundation: Slab
Home Warranty Y/N: No
Lot: City Limits, Landscaped, Paved
Lot Dimensions: 0.26
Ownership: Fee Simple
Pool: Above Ground
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sewer: Public Sewer
Showing Instructions: 24 Hour Notice, Appointment Only, Call Listing Agent
Special Sale Provisions: None
Special View Info: Water
Swimming Pool: Yes
Units: 7
Utilities: Other
Water: Public
Water Access: Beach
Water Access Y/N: Yes
Windows: Storm Window(s)
Zoning: RM1

Listed By / Shown By

Listed By

Agency Name: MARGAUX REALTY INC
Agency Contact: 407-965-8447

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Estimated Payment

$ 10,564.89 per month $8,655.76 Principal & Interest $1,385.58 Property Tax $523.54 Homeowner's Insurance

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