686 S ATLANTIC AVENUE UNIT 1-8

$1,599,900

$268/sq ft

$300,000
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Overview

Bedroom

16

Year Built

1962

Sqft

5976

Property Type

Multi Family

Property Description

Rare opportunity to own this 8 Unit multifamily property in iconic Cocoa Beach, just 300 feet from the boardwalk and ocean access. Situated on a .34-acre corner lot, this unique property includes two quadplex buildings centered around a saltwater pool and surrounded by tropical landscaping. Operating as ''Sea Esta'' almost 40 years, this property offers a boutique-style experience, providing an alternative to high-rise hotels and crowded resorts. Ideal for investors, vacation rental operators, or boutique hotel concepts. One building was updated in 2009 with new electrical panels, windows, sliders, and tankless water heaters. Two new HVAC units installed in 2024. Each unit has its own wooden deck to enjoy. On-site parking, workshop and laundry facilities included. Adjoining vacant lot may also be available for purchase, offering potential for expansion. Own your hospitality! Don't miss this rare income-producing coastal GEM with unbeatable location and long-term upside

Property Details

MLS#

O6325042

Address

686 ATLANTIC S

City

Cocoa Beach

State/county

FL

Zip/Postal Code

32931

Area

Cocoa Beach

Country

United States

HOA

No

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$14,260

Maint Fee

$--

Tax Year

2024

Cooktop

Dishwasher

Dryer

Range

Refrigerator

Tankless Water Heater

Washer

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Boris Gelfand