Riverwind

1515 Minutemen Causeway Cocoa Beach, FL 32931

1515 Minutemen Causeway, Cocoa Beach, FL, 32931
Sunset - Aerial
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
Please Call Broker for Price

Last Verified:
Sep 14, 2021

Highlights

  • Conveniently located 1.5 miles to the beach
  • Concrete Block Construction
  • Impact windows installed
  • All electrical panels updated in 2019
  • 6 boat slips on navigable water
  • Parking lot repaired and asphalted in 2020
  • Value-add property
  • 100% occupied

Description

SVR Commercial, LLC is pleased to present a six-unit waterfront apartment complex. Built in 1980 the concrete block complex is comprised of six 2-bedroom, 2 bath units each approximately 1,050 square feet. Each offers their own stunning views of the Banana River. All units are leased far below market rent, providing an immediate opportunity for investors to capitalize by raising rents. The apartments also have 6 boat slips that could be rented out for additional income. By updating the interior of the apartments, it would complement the recently upgraded impact windows in this true value-add investment property.

This 6-unit waterfront investment opportunity is in the world-famous surfing town of Cocoa Beach. The property is located off Minutemen Causeway overlooking the Banana River. Located less than 1.5 miles from the beach, and across the street from Cocoa Beach Country Club. All units have have a water view.


Year Built: 1980
Building Size: 7084sq ft
Lot Size: 0.47 acres

Map of 1515 Minutemen Causeway, Cocoa Beach, FL, 32931

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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"Incentives" are vital today and in the future because:

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