Rare Cocoa Quadplex on Half Acre Lot

Rare Cocoa Quadplex on Half Acre Lot

8 bed 4 bath 3000 sq ft Built in 1955 Multi-family
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68
Occupancy Status
Low High
15 /20
Level of Rehab
Heavy Light
14/20
Location of Neighborhood
Far Close
14/20
Quality of Floor Plan
Choppy Flowing
17/20
School Rating
F A
4/10
Placement in Neighborhood
Busy Calm
4/10
Property Details

This two-story quadplex sits on a large 0.5-acre lot with the potential to add storage units or expand (subject to zoning). Each unit offers 2 bedrooms and 1 bathroom and is separately metered for electric (shared water meter). Upstairs units have central HVAC; downstairs units are outfitted with window ACs. The roof was replaced in 2020.

Market rents in the area support up to $1,275/month per unit. Units will require a combination of cosmetic updates and heavier interior renovations, making this a great value-add opportunity for investors seeking cash flow and long-term equity.

Positioned in a growing rental market with strong demand, this property is ideal for BRRRR investors, long-term buy-and-hold strategies, or even future redevelopment.

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We recommend rent
Rental Income
$5,100 mo. / $61,200 yr.
Estimated Taxes
$4,294 / yr.
Maintenance
$800 / yr.
HOA Dues
$0 / yr.
$47,366
Projected Income
8.80%
Estimated APY
$2,100
Projected Income
0.37%
Estimated ROI

Comps

 
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