Under contract-accepting backup offers. Incredible Quadplex Investment Opportunity in Cocoa – 4 Units, Huge Lot, and Endless Potential for Expansion!… Read More This is your chance to own a prime multi-family investment property in Cocoa! This spacious quadplex sits on a massive 30,000+ square foot lot and boasts four 2-bedroom, 1-bathroom units, offering a tremendous opportunity for both immediate cash flow and future growth. Whether you're an investor looking for a turn-key property or someone ready to unlock the potential of this large lot, this property delivers endless possibilities! The quadplex features two levels, with two units on the bottom and two on the top, all surrounded by lush greenery providing privacy and a serene atmosphere. The lot is so expansive, there's plenty of room for parking, storage, or even adding two additional duplexes—truly a rare find in this area.
Recent updates have made this property ready for your next investment. The home boasts a beautiful, freshly painted exterior, a brand-new roof (just 3 years old), and two brand-new AC units that will keep the tenants comfortable year-round. The central air serves the top two units, while the bottom two feature wall-mounted AC units with evaporators in the attic. The property also has a new electrical panel and newer water heaters, ensuring major systems are in excellent condition. Inside, each of the four units is generously sized, with spacious living rooms and luxurious, durable tile flooring throughout. The units have been well-maintained, but they do need some light TLC to bring the kitchens and bathrooms up to modern standards—an ideal opportunity for an investor to increase rental rates. The seller was previously receiving $1,200 per month per unit even with some outdated features, and with a little renovation, you could easily bump rents to $1,400–$1,500 per unit, increasing potential income to nearly $6,000/month!
With four separate electric meters and one water meter, the property offers convenient and efficient utilities. The massive backyard offers plenty of space for outdoor activities or even future development, making this an investor’s dream. Whether you’re looking to renovate and increase rents, or simply sit back and collect the cash flow, this quadplex offers the flexibility and potential you’ve been looking for. This is the perfect opportunity to own a well-located property with great income potential. Don't miss out—schedule your showing today and turn this Cocoa gem into your next big investment! Read Less
Courtesy of RICHARD PETERS REALTY LLC 352-448-9712
Listing Snapshot
Days Online
115
Last Updated
Property Type
Quadruplex
Square Ft.
3,000
Lot Size
0.55 Acres
Year Built
1955
MLS Number
TB8382283
Additional Details
Property Access
Road Surface: Asphalt, Concrete
Building
Built in 1955, Living area: 3000, Living area units: Square Feet, Construction Materials: Block, Cement Siding
Cooling
Central Air, Wall/Window Unit(s)
Foundation
Brick/Mortar, Slab
Heating
Central, Electric, Ductless
Lot
0.55 acres
Roof
Shingle
Sewer
Septic Tank
Taxes
Additional parcels description:, Parcel Number: 24 3620-51-*-6.04, Public Survey Range: 36, Public Survey Section: 20, Annual Amount: $4,427.18, Tax Block: *, Tax Book Number: 9-35, Legal Description: ATKINSON SUBD PART OF TRACT 6 AS DES IN ORB 2083 PG 25, Lot: 0000, Year: 2024, Zoning: BU-2
Utilities
Water Source: Public
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