402 S Orlando Avenue, Cocoa Beach, FL 32931
- $1,700,000
- 8
- BD
- 7
- BA
- 3,156
- SqFt
- List Price
- $1,700,000
- Status
- Active
- Days on Market
- 406
- Price Change
- ▼ $99,000 1784660728
- MLS#
- O6318947
- Property Style
- Multi-Family 5+
- Year Built
- 1961
- Bedrooms
- 8
- Bathrooms
- 7
- Living Area
- 3,156
- Lot Size
- 11,326
- Acres
- 0.26
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Cocoa Beach Blks 37 & 28a
- MLS Area Major
- Cocoa Beach
Property Description
Listed $225,000 below appraised value. 9.56% cap rate, financials available. 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 Juni is a fully renovated & fully furnished boutique short term rental complex located just steps from the iconic Cocoa Beach. The Juni was fully renovated in 2024, full renovation list available. With 7 beautifully designed units, it’s the perfect blend of modern design and coastal charm. The Juni is located in a prime location, a 500' walk to public access to the shores of Cocoa beach and half a mile from downtown Cocoa Beach shores. Unit Mix: 5 Studio units with kitchenettes, 1 One Bedroom unit with full kitchen, 1 Two Bedroom unit with full kitchen and laundry. Other features include a stock tank plunge pool, outdoor space and bbq area, keyless entry, onsite parking and high speed wi-fi. This property offers great investment potential with its modern updates and prime location in Cocoa Beach. The Juni Motel combines cash flow with branding appeal, making it a standout opportunity! 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 Drift” a 13 unit boutique hotel a block away. 637 S Orlando Ave Cocoa Beach, FL.
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Additional Information
- Taxes
- $16627
- Location
- City Limits, Landscaped, Paved
- Community Features
- No Deed Restriction
- Zoning
- RM1
- Interior Layout
- Ceiling Fans(s), Open Floorplan, Stone Counters
- Interior Features
- Ceiling Fans(s), Open Floorplan, Stone Counters
- Floor
- Laminate
- Appliances
- Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Utilities
- Other
- Heating
- Electric
- Air Conditioning
- Mini-Split Unit(s)
- Exterior Construction
- Block
- Exterior Features
- Courtyard, French Doors, Hurricane Shutters
- Roof
- Shingle
- Foundation
- Slab
- Pool
- Private
- Pool Type
- Above Ground
- Water Name
- Cocoa Beach
- Water Access
- Beach
- Flood Zone Code
- X
- Parcel ID
- 25 3715-DF-37-1
- Legal Description
- COCOA BEACH PLAT OF BLKS 37 & 28A LOT 1 BLK 37
Listing courtesy of MARGAUX REALTY INC. 407-965-8447
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