Historical Multifamily Sale Listing - Riverside Village Apartments

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Riverside Village Apartments

650 Dixon Blvd., Cocoa, FL 32922

N/A

52 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
52
Building Size:
28,336 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
7.46%
No. Stories:
2
Year Built:
1963
Lot Size:
1.41 AC
Listing ID
18547048
Last Updated
123 days ago

Description

Riverside Village is a 52-unit apartment complex located in Cocoa in Brevard County, Florida. Constructed of solid concrete block, the property consists of twenty-three studio apartments, six 1-bedroom apartments and eighteen 2-bedroom apartments. The property is situated on 1.4 acres near the Indian River and includes an on-site laundry facility. The offering represents an opportunity to acquire a stabilized asset with upside potential through increased rents and the continued expansion of Florida's economy.

Riverside Village is situated at 650 East Dixon Boulevard, Cocoa, Florida. It is conveniently located near US 1 and access Highways 520 and 528 leading to Orlando and the Interstate 95 corridor. Port Canaveral, located just across the Bennett Causeway, is a cargo, cruise and naval port that generates over 13,000 jobs. The port is being dredged to allow for traffic from larger cruises lines and cargo vessels. The Indian River is minutes away, offering fishing and beautiful walking trails. Brevard Community College, Cocoa High School and retail destinations including Wal-Mart Supercenter are also nearby.

Map of 650 Dixon Blvd., Cocoa, FL 32922 (Brevard County)

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