Active

181 OAK AVE

COCOA BEACH FL, 32931

$557,999


$279.00 per sqft

Active

4 Beds

2 Baths

2,000 sqft

Multi-family

Built in 1975

Rare turnkey Duplex Opportunity! Lowest price per square foot for many miles in any direction! Seize the chance to own this beautifully maintained duplex, now available at an attractive price due to the landlord's early retirement. Ideally located just moments from the beach, dining, and shopping, this property offers the perfect blend of coastal charm and convenience.

Situated on a generous lot, the duplex features two spacious units, each with 2 bedrooms and 1 bathroom. It stands out as the most competitively priced multi-family property in the area, with no HOA fees or rental restrictions--making it a prime choice for savvy investors or those interested in a dual-income residence.
The expansive lot includes ample parking with a wide driveway and a practical carport, ensuring plenty of space for all your vehicles. Enjoy outdoor living with inviting dining and entertainment areas on the lush, private patio, surrounded by a well-maintained backyard.
Recent updates include a durable 8-year-old roof and separate air conditioning units for each unit, individually metered for tenant convenience and efficiency. Inside, you'll find stylish laminate flooring throughout, cozy carpeted areas, and tiled kitchens and bathrooms. Each kitchen boasts elegant solid wood cabinets and generous counter space, adding a touch of sophistication.
Additional features include on-site laundry facilities and a dedicated storage shed. Current tenants are paying below market rates--approximately $1,200 and $1,600 respectively--while market rents for these units are around $1,750 each. With leases on a month-to-month basis, this property offers the potential for monthly income of $3,500 to $3,800 in one of Cocoa Beach's most coveted neighborhoods.


Don't miss this rare opportunity! Whether you're an experienced investor looking to expand your portfolio or a savvy first-time homebuyer interested in living in one unit while renting the other, schedule your showing today and explore the endless possibilities of this property!
Easy to show!

T3536995

MLS ID

June 26, 2024

Listed

September 25, 2024

Updated

Map

181 OAK AVE
COCOA BEACH FL, 32931

Interior Features

Total Stories

1


Bedrooms

4


Total Bathrooms

2


Full Bathrooms

2


Interior Features

Ceiling Fans(s), Eat-in Kitchen, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets


Appliances

Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Washer, Water Filtration System


Laundry Description

Other


Floor Description

Laminate, Tile, Wood


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central, Electric

Exterior/Building Features

Lot Size

0.18 Acres


Exterior Features

Awning(s), Lighting, Private Mailbox, Shade Shutter(s), Storage


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Area Name

32931 - Cocoa Beach


Taxes

$5,219


Tax Frequency

Annually


Days on Market

91


Garage

No


View

No


County

Brevard


Municipality

25


Water Source

Public


Pool

No


Zoning

RM1

Listing History

Date

Event

Price

10/1/2024

Price change

$557,999

-26%

9/30/2024

Price change

$749,999

34%

9/25/2024

Price change

$557,999

-21%

9/24/2024

Price change

$699,999

25%

9/16/2024

Price change

$557,999

-21%

9/14/2024

Price change

$699,999

25%

9/7/2024

Price change

$557,999

-15%

9/7/2024

Price change

$649,999

16%

9/4/2024

Price change

$559,999

-19%

9/4/2024

Price change

$689,999

21%

9/4/2024

Price change

$569,999

-13%

9/3/2024

Price change

$649,999

16%

8/30/2024

Price change

$559,999

-13%

8/29/2024

Price change

$639,999

13%

8/27/2024

Price change

$564,999

-6%

8/23/2024

Price change

$599,999

5%

8/5/2024

Price change

$569,999

-3%

7/17/2024

Price change

$584,999

-1%

7/11/2024

Price change

$589,999

-1%

7/4/2024

Price change

$594,999

-1%

7/1/2024

Price change

$599,000

-2%

Listed by RICHARD PETERS REALTY LLC
Listing Contact: 305-302-9806 

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