About 637 S Orlando Avenue
Listed $805,000 below appraised value. 9.79% 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 of 637 S Orlando Avenue
| MLS® # | O6327687 |
|---|---|
| Price | $3,595,000 |
| Bedrooms | 16 |
| Bathrooms | 16.00 |
| Square Footage | 8,177 |
| Acres | 0.49 |
| Year Built | 1956 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Listing Details
| Office | MARGAUX REALTY INC |
|---|
Listing Map
Neighborhood Information for 637 S Orlando Avenue
Nearby Military Facility(ies), Low Residential Turnover, Coastal Area
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Freedom 7 Elementary School Of International Studies Public - Kindergarten to 6Th Grade - Closest Elementry School |
0 Miles | |
|
Theodore Roosevelt Elementary School Public - Kindergarten to 6Th Grade |
1 Miles | |
|
|
Cocoa Beach Junior/Senior High School Public - 7Th Grade to 12Th Grade - Closest Middle School |
2 Miles | |
|
Our Saviour School Catholic - Preschool to 8Th Grade |
4 Miles | |
|
|
Thomas Jefferson Middle School Public - 7Th Grade to 8Th Grade |
5 Miles | |
|
|
Tropical Elementary School Public - Kindergarten to 6Th Grade |
6 Miles | |
|
|
Brevard Private Academy Private - 7Th Grade to 12Th Grade - Closest High School |
6 Miles |
School data provided by GreatSchools