655 Bird Island Drive

Cocoa FL 32926

7132 sq. ft.

90169 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

Welcome to Bird Island located in Cocoa right by Lake Poinsett, this 9 unit mini paradise is located on 1 parcel, 8 homes on the exterior which are all 2/1s and a main home in the middle which is a 4/2. Each of the units has a carport with plans and approval in place to enclose and convert each of the exterior units into a 3 bed 2 bath and the larger unit into a 5 bed/3 bath boosting the bedroom counts, bathroom counts and overall property sq footage. This allows any incoming investor to boost instant value not just by appreciation but also rental income as larger units with higher bed/bath counts bring a much larger rental income. Pro Forma income with approved plan conversion is looking to safely generate $190,800.