Log In/Sign Up
Your email has been sent.
215 Riverside Dr 12 Unit Apartment Building $1,199,000 ($99,917/Unit) 8.99% Cap Rate Cocoa, FL 32922
Executive Summary
Own a piece of history! This amazing 12 unit complex right in Cocoa Village is a turn key income producing property, with 100' of water frontage. Each unit is unique, some with their own balconies, water views, and multi level rooms. From studios, 1 bed, 2 beds, and a 3 bed unit, there is unlimited opportunity. There is a front main entrance with interior stairs to access the units, as well as a rear access to the main parking area. With all parking in the rear of the building, you have a clear view to the Indian River from almost every unit.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,199,000 | Building Class | C |
| Price Per Unit | $99,917 | Lot Size | 0.59 AC |
| Sale Type | Investment | Building Size | 8,500 SF |
| Cap Rate | 8.99% | Average Occupancy | 90% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1922/2024 |
| Property Subtype | Apartment | Parking Ratio | 2.68/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RU225 - Multi-Family - LOW RISE APARTMENTS - 2 OR 3 STORIES - 10 TO 49 UNITS | ||
| Price | $1,199,000 |
| Price Per Unit | $99,917 |
| Sale Type | Investment |
| Cap Rate | 8.99% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 8,500 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built/Renovated | 1922/2024 |
| Parking Ratio | 2.68/1,000 SF |
| Zoning | RU225 - Multi-Family - LOW RISE APARTMENTS - 2 OR 3 STORIES - 10 TO 49 UNITS |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Heating
- Security System
- Range
- Tub/Shower
- Views
- Wi-Fi
- Yard
- Dock
Site Amenities
- 24 Hour Access
- Waterfront
- Gas Range
- Trash Pickup - Curbside
- Vintage Building
- Dock
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $1,900 | - |
| 2+1 | 1 | $1,195 | - |
| 1+1 | 6 | $925.00 | - |
| Studios | 4 | $800.00 | - |
1 1
Property Taxes
| Parcel Number | 24-36-33-81-00000.0-0008.00 | Total Assessment | $1,011,030 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
24-36-33-81-00000.0-0008.00
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$1,011,030 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
1 of 41
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
215 Riverside Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.