The Dolphin Aparments 621 Peachtree St 15 Unit Apartment Building $2,784,860 CAD ($185,657 CAD/Unit) 6.87% Cap Rate Cocoa, FL 32922

Located on a large 1.17 acre lot that includes 13 Multifamily units and 2 single family homes, close to everything that the surrounding area has to offer, The Dolphin Apartments bring coastal living on Florida’s Space Coast to affordable levels, making it a prime investment opportunity for any multifamily investor interested in the Florida Market.
Only blocks from beautiful Indian River Drive (lined with high end coastal homes), and the shore of the Indian River, these 13 updated multifamily units plus an additional single family home, feature off-street parking, an on-site office, extensive greenspace, and attractive, spacious unit layouts.
The location also ensures easy access to quality jobs, retail establishments, casual to fine dining, entertainment, and more! Nearby commerce and job opportunities are rich and plentiful. The area is famously home to Cape Canaveral and Kennedy Space Center, as well as a host of industrial, retail, and service businesses of all kinds. Commercial and private spaceflight continues to be a fast growing industry that employs people at all skill levels and walks of life.
The Dolphin Apartments also feature full Concrete Block/Brick construction with a recently replaced, high quality sloped/gable roof.
The site is also very much under-managed, offering an incoming investor massive upside for this unique and ideal location (see aerials).
Across the water is Cocoa Beach, one of Florida’s premier vacation and beach destinations, and offering residents access to the Atlantic Coast easily and affordably. The surrounding area offers a unique mix of recreation for all kinds of interests including fishing, boating, beach-going, nightlife, museums, and much more!
Brevard County, Florida is known for being a center of innovation and growth, while maintaining a quiet, coastal suburban feel that makes the area infinitely appealing to residents and investors alike.