Active

$4,400,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • 8177 sq ft
Overview
  • ID: MFRO6328381
  • Bedrooms:
  • Bathrooms: 0
  • Size: 8177 sq ft
Property Details
Remarks
The Drift is a fully renovated boutique hotel 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, listed at a 8% cap rate. 402 S Orlando Ave Cocoa Beach FL.
Financial Considerations
Price:
$4,400,000
HOA Fee:
N/A
Tax Amount:
$24078.47
Price per SqFt:
$521.27
Tax Legal Description:
PARSONS ADD TO COCOA BEACH LOTS 4,5,6 BLK 26 A
Exterior Features
Lot Size:
21344
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
Central, Other
Cooling:
Central Air, Other
Appliances:
N/A
Furnished:
No
Floor:
Luxury Vinyl
Levels:
N/A
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1956
Construction Type:
Block, Cement Siding, Stucco, Frame
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    637 S ORLANDO AVE
Contact a Professional
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  • Communication and Transparency
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