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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.

PROPERTY FEATURES

Utilities : BB/HS Internet Available Water Access : 0 Sewer : Septic Tank
Exterior Features : Other Road Surface Type : Asphalt Roof : Shingle
Zoning : RU26
Heating : Electric Cooling : Central Air
Construction Materials : Stucco
Interior Features : Ceiling Fans(s) Laundry Features : Inside Appliances : Convection Oven

PROPERTY DETAILS

Street Address: 306 PALM AVENUE
City: Cocoa
State: Florida
Postal Code: 32922
County: Brevard
MLS Number: W7860798
Year Built: 1982
Courtesy of CENTURY 21 BE3

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