621 Peachtree Street, Cocoa, FL 32922
$330,000
Property Type:
Commercial Sale
Square Footage:
8,980
Lot Size (sq. ft.):
49,223
Status:
Closed
Current Price:
$330,000
List Date:
3/30/2016
Last Modified:
5/29/2026
Overview
Description
Great opportunity to own 15 rental units for under $24,000 per unit! Assuming 10% vacancy rate and 45% expense load this property has a 11.7 CAP Rate! Apartment Building has 12 1 bedroom 1 bath units plus 1 2 bedroom 1 bath units. There are 2, 2 bedroom 1 bath Single Family Houses on the property as well as a storage building that could be converted to another unit.
Listing Details MLS# 750488
General Property Information
- Number Of Units Total
- 15
- Building Area Total
- 8980
- Year Built
- 1930
- Lot Size Acres
- 1.13
- Property Use
- C-GARDEN APARTMENTS - 1 STORY - 10 TO 49 UNITS (0351)
- Use Code
- 03 / MULTI-FAMILY 10 OR MORE
- Association YN
- No
- Water Body Access YN
- No
- Waterfront YN
- No
- List Price/SqFt
- 38.98
- Sold Price/SqFt
- 36.75
Property Features
Ceiling Type:
Drywall
Construction Materials:
Block; Frame; Stucco
Cooling:
Electric
Flooring:
Carpet; Vinyl
Heating:
Electric
Listing Terms:
Cash; Conventional; Lease Option
Possession:
Close Of Escrow
Roof:
Composition
Sale Includes:
Building & Land
Showing Requirements:
Appointment Only
Special Listing Conditions:
Presently Leased
Water Source:
Public
Contingency Reason:
Other
Contract Information
- Original List Price
- 350000
- Listing Contract Date
- 2016-03-28
- Property Sub Type
- Multi Family
Location Tax and Legal
- Street Number
- 621
- Street Name
- Peachtree
- Street Suffix
- Street
- County
- Brevard
- State
- FL
- Postal Code
- 32922
- MLS Area Major
- 212 - Cocoa - West of US 1
- Subdivision Name
- Edwards Resubd of Hendrys Addn To Cocoa
Remarks and Miscellaneous
- Public Remarks
- Great opportunity to own 15 rental units for under $24,000 per unit! Assuming 10% vacancy rate and 45% expense load this property has a 11.7 CAP Rate! Apartment Building has 12 1 bedroom 1 bath units plus 1 2 bedroom 1 bath units. There are 2, 2 bedroom 1 bath Single Family Houses on the property as well as a storage building that could be converted to another unit.
Status Change Information
- Major Change Timestamp
- 2016-05-25T18:03:18Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2016-05-25
- Contingency
- Active Under Contract
- Purchase Contract Date
- 2016-04-04
- Close Date
- 2016-05-25
- Close Price
- 330000
More Information
Historical Information
- Public Historical Remarks 3
- Proforma-Gross Sched Income: 74400
Location, Tax, and Legal
- Tax Account
- 2425800
- Parcel Number
- 24-36-33-29-00003.0-0004.A0
- General County Location
- Central
- Tax Annual Amount
- 7381.31
- Tax Year
- 2015
- Tax Legal Description
- EDWARDS RESUBD OF HENDRYS ADDN TO COCOA LOTS 4A,4B,5A,5B,6A,6B BLK 3
- Directions
- West on Peachtree St. from U.S. 1 to property.
Construction Materials
- Block
- Yes
- Frame
- Yes
- Stucco
- Yes
Cooling
- Electric
- Yes
Flooring
- Carpet
- Yes
- Vinyl
- Yes
Heating
- Electric
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Lease Option
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Composition
- Yes
Special Listing Conditions
- Presently Leased
- Yes
Water Source
- Public
- Yes
Showing Requirements
- Appointment Only
- Yes
Ceiling Type
- Drywall
- Yes
Location
- City
- Yes
Sale Includes
- Building & Land
- Yes
Contingency Reason
- Other
- Yes
Listing Office:
Coldwell Banker Paradise
Last Updated: May - 29 - 2026
Information is deemed to be reliable, but is not guaranteed.