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615 CLEARLAKE RD Cocoa, FL 32922
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Key Details
Sold Price $320,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,204 sqft
Price per Sqft $145
Subdivision Atkinsons 02
MLS Listing ID S5098414
Sold Date 02/19/24
Bedrooms 6
HOA Y/N No
Originating Board Stellar MLS
Year Built 1957
Annual Tax Amount $3,560
Lot Size 0.320 Acres
Acres 0.32
Property Description
Welcome to this unique income producing property nestled in a desirable area. The home boasts a strategic blend, making it an ideal choice for investors seeking both immediate returns and long-term growth.
Key Features:
Upgraded HVAC System: Enjoy optimal comfort and efficiency with newly installed AC ductwork throughout the property, ensuring a pleasant environment for tenants year-round. The new unit installed in 2018 provides enhanced reliability and performance, further adding value to this investment.
Income-Generating Potential: Benefit from a steady stream of income with this fully tenant-occupied property. While occupancy at the time of closing is not guaranteed, the current occupancy status underscores its appeal as a reliable income generator.
Versatile Layout: This property presents a unique configuration featuring a block single-family home at the front and a two-story duplex at the rear. The upper unit of the duplex offers two bedrooms and one bathroom, while the lower unit provides one bedroom and one bathroom. This versatile layout caters to diverse tenant preferences, maximizing rental opportunities.
Convenient Amenities: Residents will appreciate the convenience of onsite laundry facilities located in the first-floor common area, enhancing their overall living experience and convenience.
Commercial Zoning: With the property zoned for commercial use, the possibilities are endless. Explore various investment avenues such as retail space, office conversions, or mixed-use developments, unlocking a myriad of potential opportunities for future growth and expansion.
Conveniently situated in a prime location, this property enjoys easy access to a range of amenities including shopping centers, beach access minutes away, dining establishments, recreational facilities, and major transportation routes. Its proximity to key attractions and essential services adds to its appeal, attracting tenants and enhancing its long-term value proposition.
In summary, this property presents a rare opportunity to acquire a maintained investment asset with promising income-generating potential and versatile usage options. Whether you're a seasoned investor seeking to expand your portfolio or a discerning buyer looking for a rewarding investment opportunity, this property offers the perfect blend of convenience, comfort, and growth potential. Don't miss out on the chance to make this exceptional property your next investment success story.
Contact us today to schedule a viewing and explore the endless possibilities that await!
Location
State FL
County Brevard
Community Atkinsons 02
Zoning BU-2
Interior
Interior Features Ceiling Fans(s)
Heating Central, Wall Units / Window Unit
Cooling Central Air, Wall/Window Unit(s)
Flooring Ceramic Tile, Vinyl
Fireplace false
Laundry Common Area, Outside
Exterior
Exterior Feature Fence
Utilities Available BB/HS Internet Available, Cable Available, Electricity Available
Roof Type Shingle
Attached Garage false
Garage false
Private Pool No
Building
Lot Description Oversized Lot, Paved
Entry Level Multi/Split
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Septic Tank
Water Well
Structure Type Block,Wood Siding
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash, Other, Special Funding
Listing Terms Cash, Other, Special Funding
Special Listing Condition None
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© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Bought with VOLKE REAL ESTATE LLC