1118 PEACHTREE STREET #1-4 Cocoa, FL
$ 260,000
Property Attributes
  • MLS#U8109941
  • TypePending
  • CountyBREVARD
  • CityCocoa
  • AreaCocoa
  • NeighborhoodCocoa Annex Rep 02
  • Zip32922
  • StyleQuadruplex
  • Year Built1962
  • Taxes$ 2805
  • Price$ 260,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage1992
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
Data Source:
Stellar MLS
Property Description

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%

Price History
1/16/2021 Listed $305,000
1/26/2021 2% - $299,000
2/16/2021 12% - $265,000
3/8/2021 8% - $245,000

General Features

Appliances Electric Water Heater, Freezer, Ice Maker, Range, Refrigerator
Construction Materials Block
Cooling Wall/Window Unit(s)
Exterior Features Fenced
Heating Wall Units / Window Unit
Interior Features Ceiling Fans(s)
Lease Term 12 Months
Levels One
MLS Area 32922 - Cocoa
Parking Features Assigned
Property SubType Quadruplex
Property Type Residential Income
Roof Shingle
Sewer Public Sewer
Special Listing Conditions None
Status Pending
Subdivision Name COCOA ANNEX REP 02
Terms Cash, Conventional
Total Num Buildings 1
Total Units 4
Township 24
Unit Number 1-4
Utilities Cable Connected, Electricity Connected, Other, Public, Sewer Connected, Water Connected
View Trees/Woods
Year Built 1962
Zoning RU215

Interior Features

Furnished Y/N Unfurnished
Living Area 1992.00
Unit Count 4

Exterior Features

Building Area Total 1992.00
Foundation Details Slab
Lot Features In City Limits, Near Public Transit
Lot Size Acres 0.17
Lot Size Square Feet 7405


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 32922

AVG $280K
AVG $3,939
AVG 71
Year Built
AVG 1958
AVG 49
Data Provided by Walkscore ® not using MLS data

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