Price: $3,545,000
637 S Orlando AvenueCocoa Beach, FL 32931
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0
Square Foot
8,177
Total Sq. Ft.
N/A
Bedrooms
13.00
Full Baths
N/A
½ Baths
No
Waterfront
1956
Year Built
Property Description:
Listed $855, 000 below appraised value. 9.93% cap rate. 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 Drift is a fully renovated boutique short term rental complex located in the heart of Cocoa Beach, just a short walk to the surf and downtown. With 13 beautifully upgraded units, including both one-bedroom and two-bedroom options, The Drift offers a blend of modern amenities and coastal charm. This turnkey property is an ideal investment, offering strong cash flow potential and a highly desirable location. Selling with turn key ability.
Exterior Features
N/A
Interior Features:
N/A
Equipment / Appliances:
N/A
Utilities:
N/A
Property Details
Street Name:
County:
Brevard
Listing Status:
Active
Tax Year:
2023
Waterfront:
No
Zip Code:
Subdivision:
Parsons Add To Cocoa Beach
Tax Amount:
$22,171
HOA Dues:
$0.00
637 S Orlando Avenue Cocoa Beach, FL 32931
This listing is courtesy of Margaux Realty, Inc.
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