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23904665
26836197

402 S Orlando Ave, Cocoa Beach, FL 32931

AP
BK3305478
Margaux Realty, Inc.
Listed by Margaux Realty, Inc.
$1,799,000
368 days on market
Updated 2 days ago

The Juni - 7 Unit Boutique Short Term Rental Complex

Details
APN 25-37-15-DF-37-1
Property Type Hospitality, Multifamily
Sub Type Apartment Building, Hotel (+1)
Square Footage 3,292
Net Rentable (SqFt) 3,156
Units 7
Cap Rate 9.54%
NOI $171,561
Price per SqFt $546
Broker Co-Op Yes
Class C
Year Built 1961
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.260
Zoning CR

Short Term Rental Complex

Marketing description

Listed $225,000 below appraised value. 9.56% cap rate, financials available. Owning a short-term rental may offer access to tax strategies such as bonus depreciation and cost segregation. Bonus depreciation, which is currently available at 100% for qualifying property placed in service in 2025, May offer significant tax advantages. Speak with your tax advisor to explore how these options might benefit your investment. Listed below appraised value The Juni is a fully renovated & fully furnished boutique short term rental complex located just steps from the iconic Cocoa Beach. The Juni was fully renovated in 2024, full renovation list available. With 7 beautifully designed units, it’s the perfect blend of modern design and coastal charm. The Juni is located in a prime location, a 500' walk to public access to the shores of Cocoa beach and half a mile from downtown Cocoa Beach shores. Unit Mix: 5 Studio units with kitchenettes, 1 One Bedroom unit with full kitchen, 1 Two Bedroom unit with full kitchen and laundry. Other features include a stock tank plunge pool, outdoor space and bbq area, keyless entry, onsite parking and high speed wi-fi. This property offers great investment potential with its modern updates and prime location in Cocoa Beach. The Juni Motel combines cash flow with branding appeal, making it a standout opportunity! Selling with turn key ability: property management, revenue management, guest experience management, online travel agencies set up, direct booking website, google/apple business maps transferable, accounts/reviews transferable, returning guests, group booking contracts in place, central IT hub, City of Cocoa Beach and State of Florida licenses and qualified. Portfolio available: “The Drift” a 13 unit boutique hotel a block away. 637 S Orlando Ave Cocoa Beach, FL.

Investment highlights

-Prime location:

-500’ to public access to the shores of Cocoa beach

- 0.5 miles from downtown Cocoa Beach.

-Unit Mix:

5 Studio units with kitchenettes

1 One Bedroom unit with full kitchen

1 Two Bedroom unit with full kitchen and laundry

-Fully Renovated in 2024:

Concrete block building, Electrical, interiors, exterior paint, appliances, A/Cs, Landscaping

-Other Features:

Stock tank plunge pool, outdoor space and bbq area, keyless entry and onsite parking, high speed wi-fi.

-Financials:

Strong and proven financials, available with signed NDA

-Turn Key Ability:

Property management, revenue management, guest experience management, online travel agencies set up, direct booking website, google/apple business maps transferable, retuning guests, group booking contracts in place, City of Cocoa Beach and State of Florida licenses and qualified.

Listing Contacts

AP
BK3305478
Margaux Realty, Inc.
Listed by Margaux Realty, Inc.

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$171,561.00
$14,296.75/mo

Valuation Metrics

0
DSCR
9.54%
Cap Rate
9.54%
ROI

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