Active

$4,400,000

Features:
  • 16 Bedrooms
  • 16 Bathrooms
  • 8177 sq ft
Overview
  • ID: MFRO6327687
  • Bedrooms: 16
  • Bathrooms: 16
  • 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, totaling 16 bedrooms and 15.5 bathrooms, 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:
$538.09
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:
Assigned
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
16
Bathrooms:
16
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:
Outbuildings, Balcony, Fence, Outdoor Grill, Outdoor Shower, Sliding Doors, Storage
Additional Features 2:
N/A
Map
  • Address
    637 S ORLANDO AVE
Contact a Professional
Why Choose Us?
  • Communication and Transparency
  • Skilled Negotiation
  • Robust Professional Network
  • After-Sale Support
Featured Properties

Related Properties

avt
Daniel Dourado
$ 439,000
avt
Daniel Dourado
$ 650,000
avt
Daniel Dourado
$ 4,400,000
avt
Daniel Dourado
$ 1,650,000
avt
Daniel Dourado
$ 1,650,000
avt
Daniel Dourado
$ 900,000
avt
Daniel Dourado
$ 775,000
avt
Daniel Dourado
$ 2,249,900
avt
Daniel Dourado
$ 588,999
avt
Daniel Dourado
$ 589,999
avt
Daniel Dourado
$ 2,295,000
avt
Daniel Dourado
$ 2,575,000