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105 NE 3rd St 4 Unit Apartment Building $1,099,000 ($274,750/Unit) Satellite Beach, FL 32937
Investment Highlights
- Located only steps from the beach in the desirable South Patrick Shores neighborhood.
- Currently operated as a managed short-term rental business with income history.
- Quick access to Patrick Space Force Base and regional transportation corridors.
- Fully renovated interiors featuring modern appliances and turnkey furnishings.
- Close to major destinations including Cocoa Beach, Brevard Zoo, and Kennedy Space Center.
- Approximately 45 miles to Orlando International Airport and 7 miles to Melbourne International Airport.
Executive Summary
Welcome to Sandpiper, a fully renovated, income-producing investment located just steps from the Atlantic Ocean in Satellite Beach. This turnkey quadruplex has been thoughtfully remodeled to deliver four high-quality units, each designed for comfort and style. Currently operated as a managed short-term rental business, Sandpiper offers a rare opportunity for investors seeking immediate cash flow in one of Florida’s most desirable coastal markets.
Guests are drawn to the property’s unbeatable location: less than 100 yards from the beach, minutes from Patrick Space Force Base, and just 10 minutes from Cocoa Beach. Major regional attractions such as Kennedy Space Center and Brevard Zoo are an easy drive, while Melbourne International Airport (7 miles) and Orlando International Airport (45 miles) provide convenient travel access.
This meticulously updated asset combines operational stability with a prime beachside setting, ensuring strong year-round demand from vacation travelers and visiting professionals. Don’t miss the chance to own an established, fully managed short-term rental property on Florida’s iconic Space Coast.
Guests are drawn to the property’s unbeatable location: less than 100 yards from the beach, minutes from Patrick Space Force Base, and just 10 minutes from Cocoa Beach. Major regional attractions such as Kennedy Space Center and Brevard Zoo are an easy drive, while Melbourne International Airport (7 miles) and Orlando International Airport (45 miles) provide convenient travel access.
This meticulously updated asset combines operational stability with a prime beachside setting, ensuring strong year-round demand from vacation travelers and visiting professionals. Don’t miss the chance to own an established, fully managed short-term rental property on Florida’s iconic Space Coast.
Property Facts
| Price | $1,099,000 | Building Class | B |
| Price Per Unit | $274,750 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 2,489 SF |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1957/2019 |
| Property Subtype | Apartment | Parking Ratio | 2.41/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | BU1 - General Retail Commercial | ||
| Price | $1,099,000 |
| Price Per Unit | $274,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 2,489 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1957/2019 |
| Parking Ratio | 2.41/1,000 SF |
| Zoning | BU1 - General Retail Commercial |
Amenities
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
- Grill
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 26-37-23-26-00013.0-0001.01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $676,800 |
Property Taxes
Parcel Number
26-37-23-26-00013.0-0001.01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$676,800
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105 NE 3rd St
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