10 months on rocket

306 Palm Ave Unit 304, Cocoa, FL, 32922

$279,000

Home List Price

$3,313*

Closing Credit

4 Bedrooms
2 Baths
1,568 SqFt
$178/SqFt
Multi

Location

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306 Palm Ave Unit 304, Cocoa$279,000

Buyer Closing Credits

$3,313*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingCovered, Driveway, Reserved
Year Built1982
HeatingElectric
CoolingCentral Air
MLS #W7860798
Lot Size0.35 Acres
StatusActive

About 306 Palm Ave Unit 304

Excellent duplex investment opportunity. This property features two separate units with their own utilities. The first, unit 306, has 2 bedrooms and 1.5 bath with a screened-in porch and carport. The second, unit 304, has 2 bedrooms and 1 bath, with a 20x23 concrete slab off the slider, perfect for barbecues! Both units have tile flooring throughout. This duplex can be used as a full rental property, or live in one unit, and rent out the other one. This duplex can be a value add opportunity to any buyer’s portfolio with market value rents. This Duplex offers two separate driveways that offer ample parking for multiple vehicles. The duplex sits on a large .35-acre lot with a nice-sized backyard area with plenty of potential. This duplex is also located in an approved Airbnb zone. This Duplex presents an excellent investment opportunity for those looking to add a property to their portfolio or someone looking to start a portfolio. Current rents are $900 for unit 306 this tenant is moving out December 2024 and this unit can be rented at market value $1,500-1600 a month. Unit 304 is currently rented for $1300 a month and this lease expires May 2025. This Duplex is being sold AS-IS. Ideally located close to I95, SR 520, Cocoa Village, Cocoa Beach, Port Canaveral/Cape Canaveral, and Merritt Island.

Property Details

Property Features

Property Information:

  • Year Built: 1982
  • Living Area: 1,568 SqFt

Listing Office:

  • Office Name: CENTURY 21 BE3
  • Office Phone: (727) 596-3343
  • Listing Agent: Marino Perfetti

Interior Features

Interior Information:

  • Appliances: Convection Oven, Dishwasher, Dryer, Refrigerator, Washer
  • Interior: Ceiling Fans(s), Thermostat

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Other

Parking Information:

  • Parking: Covered, Driveway, Reserved

Virtual/3D Tour

  • Virtual Tour: 306 Palm Ave Unit 304
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Lot Features

Lot Information:

  • Lot Size: 0.35 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From SR-528 to I95 South to 520 towards Cocoa. Left on Clearlake Road then right Lake Drive then left on School Street and left on Palm Avenue.

Price Information

Listing Price Info

Price Summary:

  • List Price: $279,000
  • Price Per SqFt: $178/SqFt
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Housing Market Comparison

See how this home compares to others in Cocoa, FL.

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Cocoa, FL

City

Med. Sold Price

$310K

Med. Price/SqFt

$210

Avg. Days On Market

52

# of Sold Homes

59

306 Palm Ave Unit 304 vs Cocoa

315 DAYS ON ROCKET

+263 Days

$279,000

-$31K Less

$178/SqFt

-$32 Less

KEY TAKEAWAY

This property is $31K less than the Median Sold Price and $32/SqFt less than other homes in Cocoa, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #W7860798

Listing Office:

  • Office Name: CENTURY 21 BE3
  • Office Phone: (727) 596-3343
  • Listing Agent: Marino Perfetti

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/15/2024, 10:49:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,460

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$903

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4128
1
/10

  • Endeavour Elementary School

  • 905 Pineda St

  • 0.56 miles

  • Public District Grades PK-6

school-card-donut-4129
3
/10

  • Saturn Elementary School

  • 880 N Range Rd

  • 1.40 miles

  • Public District Grades PK-6

school-card-donut-4130
4
/10

  • Cambridge Elementary School

  • 2000 Cambridge Dr

  • 1.54 miles

  • Public Magnet Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,063. Typical income of Cocoa, FL residents is less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Brevard County›Cocoa›32922›306 Palm Ave Unit 304

This home is located at 306 Palm Ave Unit 304 in Cocoa, FL and zip code 32922 in the Pine Breeze Acres neighborhood. This 1,568 square foot home, which was built in 1982, sits on a 0.35 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 05, 2024 and is currently priced at $279,000.

While more than 12 listings in Cocoa, FL in October 2024 were sold above asking price, there were more than 15 listings sold at asking price, and more than 32 were sold below. In October 2024 in Cocoa, FL there were 2.7% more homes for sale than in September 2024. In October 2024, listings were on the market for 52 days. During the same period, the median list price in this real estate market was $310,000.

From Rocket Homes Real Estate and based on county public records data.

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