$469,480
$524,900
10.6%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
2,678 SqFt
SOLD DATE : 07/10/2024
Key Details
Sold Price $469,480
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,678 sqft
Price per Sqft $175
Subdivision Eau Gallie Village Plat Of
MLS Listing ID 1003804
Sold Date 07/10/24
Bedrooms 5
HOA Y/N No
Total Fin. Sqft 2678
Originating Board Space Coast MLS (Space Coast Association of REALTORS®)
Year Built 1964
Annual Tax Amount $4,258
Tax Year 2023
Lot Size 8,712 Sqft
Acres 0.2
Property Description
Huge Income Potential with this newly painted Multi-family 5 Plex in Central Melbourne near US1 and Eau Gallie Art District. All units occupied with $5145/month income ($1025 x4, $1045x1). Professionally managed with no vacancies expected over the next 6 months. New roof January 2022. Unit 989 has central HVAC. 993-999 have central ducting system but currently have window units. Units 997 and 995 have had cast iron pipes replaced with PVC. 989, 993, and 999 have been inspected in 2022 with no issues with cast iron. Units 993, 995 and 997 have been recently rehabbed.
Location
State FL
County Brevard
Area 323 - Eau Gallie
Direction US 1 North from Eau Gallie Blvd. Left on Masterson Right on Avocado Ave Property is on corner of Coleman Street and Avocado Avenue
Interior
Heating Central, Electric, Separate Meters
Cooling Central Air, Separate Meters, Wall/Window Unit(s)
Flooring Tile, Vinyl
Furnishings Unfurnished
Appliance Electric Oven, Electric Water Heater, Refrigerator
Laundry None
Exterior
Exterior Feature ExteriorFeatures
Parking Features Parking Lot, Unassigned
Pool None
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters, Separate Water Meters
Amenities Available None
View Other
Roof Type Membrane
Present Use Multi-Family
Street Surface Asphalt
Road Frontage City Street
Garage No
Building
Lot Description Corner Lot
Faces North
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Schools
Elementary Schools Creel
High Schools Eau Gallie
Others
Senior Community No
Tax ID 27-37-16-25-34-8
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Owner Licensed RE
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