Cocoa, FL 32922,1118 PEACHTREE ST #1-4
Cocoa, FL 32922,1118 PEACHTREE ST #1-4
Cocoa, FL 32922,1118 PEACHTREE ST #1-4
23
$240,000
$260,000
7.7%
Est.Price: ?

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1,992 SqFt

1118 PEACHTREE ST #1-4 Cocoa, FL 32922

Est. payment /mo
SOLD DATE : 06/18/2021

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Key Details

Sold Price $240,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,992 sqft

Price per Sqft $120

Subdivision Cocoa Annex Rep 02

MLS Listing ID U8109941

Sold Date 06/18/21

HOA Y/N No

Year Built 1962

Annual Tax Amount $2,805

Lot Size 7,405 Sqft

Acres 0.17

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%

Location

State FL

County Brevard

Community Cocoa Annex Rep 02

Zoning RU215

Interior

Interior Features Ceiling Fans(s)

Heating Wall Units / Window Unit

Cooling Wall/Window Unit(s)

Furnishings Unfurnished

Fireplace false

Appliance Electric Water Heater, Freezer, Ice Maker, Range, Refrigerator

Exterior

Exterior Feature Fence

Parking Features Assigned

Utilities Available Cable Connected, Electricity Connected, Other, Public, Sewer Connected, Water Connected

View Trees/Woods

Roof Type Shingle

Garage false

Private Pool No

Building

Lot Description City Limits, Near Public Transit

Entry Level One

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Block

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Membership Fee Required None

Listing Terms Cash, Conventional

Special Listing Condition None

Read Less


Stellar MLS
Listed by DALTON WADE INC
Bought with WESTIN REALTY GROUP

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Matthew Nagy

Agent | License ID: SL3500443

+1(814) 931-1477

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