*Coco Sands Cottages is an ocean front complex in South Cocoa Beach that consists of three buildings, currently operating as a combined long-term multifamily income property, and a short-term vacation rental. However, current zoning would allow a change in use to 100% vacation rental, which would dramatically increase the income.
Offering includes a completely remodeled and impeccably maintained 3/3 oceanfront vacation rental, plus 6 long-term rentals.
Oceanfront home can be rented simultaneously as a 2/2 with a full kitchen, and a 1/1 with a kitchenette. Some recent updates include granite countertops, new appliances, gas stove, and oversized high impact glass windows overlooking the Ocean. Over 1000 square foot patio and deck.
Offering also includes Five 1/1 apartments, plus one 2/1 apartment, with it's own washer/dryer & jetted Jacuzzi tub. The latter also has a large deck area.
Beach house has separate laundry room and storage.
Tenants have coin operated laundry room and bike/surfboard storage area. All units have high quality window treatments & hurricane shutters.
Most long-term rentals are far below the market rate, but one unit was just rented within 4 days at our new, recommended price.
Beachhouse has been used as a vacation destination for family, and an occasional vacation rental.
See pro forma with financial details in attachments.
