About 637 S Orlando Avenue
Listed $600,000 below appraised value. 9.26% cap rate. 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 Drift is a fully renovated boutique short term rental complex 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, 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.
Features of 637 S Orlando Avenue
| MLS® # | 1051839 |
|---|---|
| Price | $3,800,000 |
| Bathrooms | 13.00 |
| Square Footage | 8,177 |
| Acres | 0.49 |
| Year Built | 1956 |
| Type | Commercial Sale |
| Sub-Type | Hotel/Motel |
| Status | Active |
Community Information
| Address | 637 S Orlando Avenue |
|---|---|
| Area | 272 - Cocoa Beach |
| Subdivision | Parsons Add To Cocoa Beach |
| City | Cocoa Beach |
| County | Brevard |
| State | FL |
| Zip Code | 32931 |
Amenities
| Utilities | Cable Available, Electricity Connected, Natural Gas Available |
|---|---|
| Parking | Assigned, Parking Lot |
| Is Waterfront | No |
Interior
| Heating | Central, Other |
|---|---|
| Cooling | Ceiling Fan(s), Central Air, Multi Units, Other |
| Fireplace | No |
Exterior
| Exterior | Block, Concrete, Stucco, Composition Siding |
|---|---|
| Lot Description | Other |
| Roof | Shingle |
| Construction | Block, Concrete, Stucco, Composition Siding |
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Margaux Realty, Inc |
|---|