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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 | 5,963 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 | 5,963 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 | - |
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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
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215 Riverside Dr
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