This Multifamily Property is Off-Market.

650 Dixon Blvd.
Cocoa, FL 32922 ·

52 Units · Multifamily For Sale

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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

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.

Research

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

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