402 S ORLANDO AVE, COCOA BEACH, FL, 32931
$1,795,000
Commercial Sale
|
Living Area
3,156 Sqft
|
Lot Size
11,326 Sqft
|
Listed $225,000 below appraised value. 9.56% cap rate, financials available. Owning a short-term rental may offer access to tax strategies such as bonus depreciation and cost segregation. Bonus depreciation, which is currently available at 100% for qualifying property placed in service in 2025, May offer significant tax advantages. Speak with your tax advisor to explore how these options might benefit your investment. Listed below appraised value The Juni is a fully renovated & fully furnished boutique short term rental complex located just steps from the iconic Cocoa Beach. The Juni was fully renovated in 2024, full renovation list available. With 7 beautifully designed units, it’s the perfect blend of modern design and coastal charm. The Juni is located in a prime location, a 500' walk to public access to the shores of Cocoa beach and half a mile from downtown Cocoa Beach shores. Unit Mix: 5 Studio units with kitchenettes, 1 One Bedroom unit with full kitchen, 1 Two Bedroom unit with full kitchen and laundry. Other features include a stock tank plunge pool, outdoor space and bbq area, keyless entry, onsite parking and high speed wi-fi. This property offers great investment potential with its modern updates and prime location in Cocoa Beach. The Juni Motel combines cash flow with branding appeal, making it a standout opportunity! 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 Drift” a 13 unit boutique hotel a block away. 637 S Orlando Ave Cocoa Beach, FL.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRO6317171 | Year Built: | 1961 | |
| Appliances: | Dishwasher, Dryer, Microwave, Refrigerator, Washer | Construction Materials: | Block | |
| Cooling: | Mini-Split Unit(s) | Country: | US | |
| County Or Parish: | Brevard | Direction Faces: | North | |
| Flooring: | Laminate | Foundation Details: | Slab | |
| Listing Agreement: | Exclusive Right To Sell | Lot Features: | City Limits, Landscaped, Paved | |
| Occupant Type: | Tenant | Parking Features: | Parking Spaces - 6 to 12 | |
| Possession: | Close Of Escrow | Property Condition: | Completed | |
| Property Sub Type: | Multi Family | Property Type: | Commercial Sale | |
| Road Frontage Type: | City Street, Main Throrughfare | Road Responsibility: | Public Maintained Road | |
| Road Surface Type: | Asphalt, Paved | Roof: | Shingle | |
| Sewer: | Public Sewer | Showing Requirements: | 24 Hour Notice, Appointment Only, Call Listing Agent, Do Not Contact Tenants, Listing Agent Must Accompany, ShowingTime | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Water Source: | Public | |
| Window Features: | Storm Window(s) | |||
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