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Sold for $490,000 on 12/23/24
  • $490,000

    181 Oak Ave, Cocoa Beach, FL 32931

    4beds
    2,000sqft
    Duplex, Multi Family
    Built in 1975
    -- sqft lot
    $471,900 Zestimate®
    $245/sqft
    $3,791 Estimated rent

    Home value

    $471,900

    $429,000 - $519,000

    $3,791/mo

    Zestimate® history
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    Owner options

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    $3,791/mo

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    $3,110/mo

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    $3,110/mo

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    What's special

    <LAST PRICE REDUCTION> <HIGHEST & BEST BY 11/30/24> Rare turnkey Duplex Opportunity! Lowest price per square foot for many miles in any direction! Seize the chance to own this beautifully maintained duplex, now available at an attractive price due to the landlord's early retirement. Ideally located just moments from the beach, dining, and shopping, this property offers the perfect blend of coastal charm and convenience. Situated on a generous lot, the duplex features two spacious units, each with 2 bedrooms and 1 bathroom. It stands out as the most competitively priced multi-family property in the area, with no HOA fees or rental restrictions—making it a prime choice for savvy investors or those interested in a dual-income residence. The expansive lot includes ample parking with a wide driveway and a practical carport, ensuring plenty of space for all your vehicles. Enjoy outdoor living with inviting dining and entertainment areas on the lush, private patio, surrounded by a well-maintained backyard. Recent updates include a durable 8-year-old roof and separate air conditioning units for each unit, individually metered for tenant convenience and efficiency. Inside, you'll find stylish laminate flooring throughout, cozy carpeted areas, and tiled kitchens and bathrooms. Each kitchen boasts elegant solid wood cabinets and generous counter space, adding a touch of sophistication. Additional features include on-site laundry facilities and a dedicated storage shed. Current tenants are paying below market rates—approximately $1,200 and $1,600 respectively—while market rents for these units are around $1,750 each. With leases on a month-to-month basis, this property offers the potential for monthly income of $3,500 to $3,800 in one of Cocoa Beach's most coveted neighborhoods. Don’t miss this rare opportunity! Whether you’re an experienced investor looking to expand your portfolio or a savvy first-time homebuyer interested in living in one unit while renting the other, schedule your showing today and explore the endless possibilities of this property! Easy to show! <NO ASSIGNABLE CONTRACTS>

    Zillow last checked: 8 hours ago

    Listing updated: December 23, 2024 at 09:00am

    Listing Provided by:

    Ronald Ryder 305-302-9806,

    RICHARD PETERS REALTY LLC 352-448-9712

    Bought with:

    Ronald Ryder, 3593068

    RICHARD PETERS REALTY LLC

    Source: Stellar MLS,MLS#: T3536995MLS LogoOriginating MLS: Pinellas Suncoast

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Features: Built-in Closet
    • Level: First
    Kitchen
    • Features: Built-in Closet
    • Level: First
    Living room
    • Level: First
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Washer, Water Filtration System
    • Laundry: Other
    Features
    • Ceiling Fan(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets
    • Flooring: Laminate, Tile, Hardwood
    • Windows: Shutters
    • Has fireplace: No
    Interior area
    • Total structure area: 2,024
    • Total interior livable area: 2,000 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Carport
    • Carport spaces: 1
    Features
    • Levels: One
    • Stories: 1
    • Exterior features: Awning(s), Lighting, Private Mailbox, Storage
    Lot
    • Size: 7,841 sqft
    • Dimensions: 30 x 125
    Details
    • Parcel number: 25 37108211714
    • Zoning: RM1
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family
    Materials
    • Concrete
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1975

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: BB/HS Internet Available, Electricity Available, Sewer Available, Water Available

    Community & neighborhood

    Location
    • Region: Cocoa Beach
    • Subdivision: COCOA BEACH ADD 08

    HOA & financial

    HOA
    • Has HOA: No
    Other fees
    • Pet fee: $0 monthly
    Other financial information
    • Total actual rent: 33600

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
    • Ownership: Fee Simple
    • Road surface type: Asphalt, Concrete

    Price history

    DateEventPrice
    12/23/2024Sold$490,000-3.9%$245/sqft
    Source: Stellar MLS #T3536995
    12/12/2024Pending sale$509,999$255/sqft
    Source: Stellar MLS #T3536995
    11/15/2024Price change$509,999-5.6%$255/sqft
    Source: Stellar MLS #T3536995
    11/13/2024Price change$539,999-1.8%$270/sqft
    Source: Stellar MLS #T3536995
    11/8/2024Price change$549,999-31.3%$275/sqft
    Source: Stellar MLS #T3536995

    Public tax history

    YearProperty taxesTax assessment
    2024$6,039 +15.7%$403,200 +29.6%
    2023$5,219 +6.5%$311,040 -8.6%
    2022$4,898 +13.1%$340,200 +30.1%

    Find assessor info on the county website

    Neighborhood: 32931

    Nearby schools

    GreatSchools rating
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    Sell for more on Zillow
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    $471,900
    2% more+ $9,438
    With Zillow Showcase(estimated)
    $481,338