306 PALM AVE #304 Pending Save Request In-Person Tour Request Virtual Tour
Cocoa,FL 32922
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 1,568 sqft
Price per Sqft $177
Subdivision Pine Breeze Acres Subd
MLS Listing ID W7860798
Bedrooms 4
HOA Y/N No
Originating Board Stellar MLS
Year Built 1982
Annual Tax Amount $2,922
Lot Size 0.350 Acres
Acres 0.35
Property Description
Under contract-accepting backup offers. 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
State FL
County Brevard
Community Pine Breeze Acres Subd
Zoning RU26
Interior
Interior Features Ceiling Fans(s),Thermostat
Heating Electric
Cooling Central Air
Furnishings Unfurnished
Fireplace false
Appliance Convection Oven,Dishwasher,Dryer,Refrigerator,Washer
Laundry Inside
Exterior
Exterior Feature Other
Garage Covered,Driveway,Reserved
Utilities Available BB/HS Internet Available,Cable Connected,Electricity Connected,Water Available
Waterfront false
Roof Type Shingle
Porch Covered,Screened
Parking Type Covered,Driveway,Reserved
Garage false
Private Pool No
Building
Foundation Block
Lot Size Range 1/4 to less than 1/2
Sewer Septic Tank
Water Public
Structure Type Stucco
New Construction false
Others
Senior Community No
Ownership Fee Simple
Special Listing Condition None