650 Dixon Blvd.
Cocoa, FL 32922 ·
52 Units · Multifamily For Sale
Riverside Village Apartments
|Price||N/A||Property Use Type||Investment|
|No. Units||52||Cap Rate||7.46%|
|Building Size||28,336 SF||No. Stories||2|
|Property Type||Multifamily||Year Built||1963|
|Property Sub-type||Garden/Low-Rise||Lot Size||1.41 AC|
|Listing ID: 18547048||Date Created: 02/04/2014||Last Updated: 03/31/2014|
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.
630 Brevard Ave.
Cocoa, FL 32922
For Sale · $1,700,000
21,145 SF Building
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