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Wade M. Berlin

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637 Orlando Avenue
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PRICED AT ONLY: $4,300,000

Address: 637 Orlando Avenue, COCOA BEACH, FL 32931

Description

The Drift is a fully renovated boutique hotel located in the heart of Cocoa Beach, just a short walk to the surf and downtown. With 13 beautifully upgraded units, including both one bedroom and two bedroom options, totaling 16 bedrooms and 15.5 bathrooms, The Drift offers a blend of modern amenities and coastal charm. This turnkey property is an ideal investment, offering strong cash flow potential and a highly desirable location. 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 Juni a 7 unit boutique motel a block away, listed at a 8% cap rate. 402 S Orlando Ave Cocoa Beach FL.

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  • MLS#: O6327687 ( Residential Income )
  • Street Address: 637 Orlando Avenue
  • Viewed: 27
  • Price: $4,300,000
  • Price sqft: $509
  • Waterfront: No
  • Year Built: 1956
  • Bldg sqft: 8441
  • Bedrooms: 16
  • Total Baths: 16
  • Days On Market: 44

Description

The Drift is a fully renovated boutique hotel located in the heart of Cocoa Beach, just a short walk to the surf and downtown. With 13 beautifully upgraded units, including both one bedroom and two bedroom options, totaling 16 bedrooms and 15.5 bathrooms, The Drift offers a blend of modern amenities and coastal charm. This turnkey property is an ideal investment, offering strong cash flow potential and a highly desirable location. 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 Juni a 7 unit boutique motel a block away, listed at a 8% cap rate. 402 S Orlando Ave Cocoa Beach FL.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Outbuildings, Balcony, Fence, Outdoor Grill, Outdoor Shower, Sliding Doors, Storage
  • Flooring: Luxury Vinyl
  • Living Area: 8177.00
  • Roof: Shingle
Property Information
  • Property Condition: Completed
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
  • Parking Features: Assigned
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, Other
  • Heating: Central, Other
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Country: US
  • Interior Features: Ceiling Fans(s), Open Floorplan, Stone Counters, Window Treatments
  • Legal Description: PARSONS ADD TO COCOA BEACH LOTS 4, 5, 6 BLK 26 A
  • Area Major: 32931 - Cocoa Beach
  • Parcel Number: 25 3714-51-26.A-4
  • Possession: Close Of Escrow
  • Views: 27
  • Zoning Code: RM1
Nearby Subdivisions
Cocoa Beach Blks 37 28a   Parsons Add  

Contact Info

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  2. The Real Estate Professional You Deserve
  3. Mobile: 904.248.9848
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Wade M. Berlin

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