David Pearl
Annie Pearl

SOLD: Bank owned apartment in Cocoa, FL


(1/2015) Cocoa, Florida – Annie and David Pearl, Pearl Real Estate Group, KW Commercial are pleased to announce the sale of Clearlake Pines Apartment Homes. Clearlake is a 120 unit multifamily property located in Cocoa, FL. This value-add purchase generated a very favorable market response with as many as a dozen offers reaching the final and best round. The final and best offer was the asking price of $3,200,000 with 18 down units.

Annie & David Pearl represented both the buyer and seller. The property consists of 16 single-story buildings on 9.98 acres. Unit Mix consists of 101 1BD/1BA units 576 S.F. +/-, 12 2BD/1BA Units 864 S.F. +/-, and 7 2BD/2BA Units 864 S.F. +/-.