Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1956
Sq.Footage
8,177
Listed $855,000 below appraised value. 9.93% 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: property management, revenue management, guest experience management, online travel agencies set up, direct booking website, google/apple business maps transferable, accounts/reviews transferable, returning guests, group booking contracts in place, central IT hub, City of Cocoa Beach and State of Florida licenses and qualified. Portfolio available: “The Juni” a 7 unit boutique motel a block away.. 402 S Orlando Ave Cocoa Beach FL.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Other
-
Heating YN
YES
-
Heating
Central, Other
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block, Cement Siding, Stucco, Frame
-
Pool
No
-
Waterfront YN
NO
-
View
Beach, Water
Area & Lot
-
Lot Size(acres)
0.49
-
Property Type
Commercial Sale
-
Property Sub Type
Multi Family
Price
-
Sales Price
$3,545,000
-
Tax Amount
24078.47
-
Sq. Footage
8, 177
-
Price/SqFt
$433
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Sewer
Public Sewer
-
Tax Lot
4
-
Water Source
Public
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Location
County
Brevard
Elementary School
Middle School
High School
Listing Courtesy of Adolfo Pereira IV , MARGAUX REALTY INC
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FOUNDER
DanielleUrtnowski
Call Danielle today to schedule a private showing.
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