637 S Orlando AVE Active Save Request In-Person Tour Request Virtual Tour
Cocoa Beach,FL 32931
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 8,177 sqft
Price per Sqft $483
Subdivision Parsons Add To Cocoa Beach
MLS Listing ID 1051839
Year Built 1956
Annual Tax Amount $22,170
Tax Year 2023
Lot Size 0.490 Acres
Property Sub-Type Hotel/Motel
Property Description
Listed $450,000 below appraised value. 8.91% 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.
Location
State FL
County Brevard
Area 272 - Cocoa Beach
Interior
Heating Central,Other
Cooling Ceiling Fan(s),Central Air,Multi Units,Other
Flooring Vinyl
Inclusions Furniture, Fixtures and Equipment, Business with Real Estate, Building & Land
Exterior
Exterior Feature ExteriorFeatures
Parking Features Assigned,Parking Lot
Utilities Available Cable Available,Electricity Connected,Natural Gas Available
Roof Type Shingle
Building
Lot Description Other
Sewer Public Sewer
Water Public
Others
Virtual Tour https://www.propertypanorama.com/instaview/spc/1051839