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989 - 999 Coleman Street

Melbourne, FL 32935
  • $499,999
  • STATUS: Active
  • ON SITE: 237 Days
  • MLS #: 926356
UPDATED: 15 min ago
$499,999
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,678
    SQFT
  • $187
    $/SQFT
Type:
Multi-Family
Built:
1964
County:

School Information

Elementary School:
Middle School:
High School:

Description

Price reduced! Huge Income Potential with this 5 Plex in Melbourne near US1, Eau Gallie Art District, Downtown Melbourne and Beaches. New roof January 2022. 4 units are currently rented from $850 - $995 as of 9/24/2022 generating $3740 in monthly rents. Unit 993 is on market for $995/month. Projected total monthly rents = $4735. Annual income when all 5 units rented at current rate = $56,820 yr Expenses 2022 less than $1000/mth CASH flow $3700+/mth Taxes $208/mth Insurance $200/mth Lawn Service $50/mth Pest $50/mth Property Management $400/mth All units are plumbed for HVAC. Several units use window units per tenants choice. All units have AC with varying ages. Electric & water separately metered

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© 2022 Space Coast Association of REALTORS®, Inc. The data relating to real estate for sale or lease on this web site comes in part from the Brevard County Broker Reciprocity Database. Real estate listings held by brokerage firms other than Blue Marlin Real Estate are marked with the IDX logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Blue Marlin Real Estate.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-10-01T14:11:50.02.
www.bluemarlin-re.com/homes/125426965
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989 - 999 Coleman Street Melbourne, FL 32935

  • Price: $499,999
  • Status: Active
  • On Site: 237 Days
  • Updated: 15 min ago
  • MLS #: 926356
0
Beds
0
Baths
0
½ Baths
0.2
Acres
2,678
SQFT
$187
$/SQFT
1964
Built
Neighborhood:
Eau Gallie Village Plat Of
County:
Brevard
Area:
323 - Eau Gallie
Elementary School:
Creel
Middle School:
Johnson
High School:
Eau Gallie
Property Description
Price reduced! Huge Income Potential with this 5 Plex in Melbourne near US1, Eau Gallie Art District, Downtown Melbourne and Beaches. New roof January 2022. 4 units are currently rented from $850 - $995 as of 9/24/2022 generating $3740 in monthly rents. Unit 993 is on market for $995/month. Projected total monthly rents = $4735. Annual income when all 5 units rented at current rate = $56,820 yr Expenses 2022 less than $1000/mth CASH flow $3700+/mth Taxes $208/mth Insurance $200/mth Lawn Service $50/mth Pest $50/mth Property Management $400/mth All units are plumbed for HVAC. Several units use window units per tenants choice. All units have AC with varying ages. Electric & water separately metered
Exterior Features

Community Pool No Construction Concrete Block Exterior Finish Stucco Lot Description Corner LotPaved StreetWest Of Us1 Parking > 1 Space Per UnitUnpaved Drive Parking Total 10.00 Pool No Private Pool No Roof MembraneOther Site Location Major RoadwayNear RailroadOther - Call AgentPaved Street Style One Story Total Parking Spaces 10 Waterfront Present No

Interior Features

Cooling Central AirWall - Window Equipment And Appliances Electric RangeRefrigerator Floor Ceramic TileVinyl Heating Electric Split Bedroom No Sq Ft Total 2678.00

Property Features

Expenses Include InsuranceLawn-Landscape MntLegal/AccountingManagementPest ControlRepair/MaintenanceRe Taxes Financing CashConventional Fixer Upper No Management Offsite Professional Multifamily Subtype 5 - 10 Units Possession Closing Property Status Standard Rent Includes Exterior MaintenanceInsuranceLawn/Land MntnceManagementPest ControlRe Taxes Security And Safety Smoke/Co Detector Source Owner Provided Source Of Measurement Tax Rolls Tax Amount 2497.79 Tax Year 2021 Utilities Cable AvailableCity WaterCity Water AvailableElectricity ConnectedSep Elect Meter(S)Sep Water Meter(S)Sewer Connected

Listing provided courtesy of Exp Realty, Llc: (888) 883-8509.
© 2022 Space Coast Association of REALTORS®, Inc. All Rights Reserved.


© 2022 Space Coast Association of REALTORS®, Inc. The data relating to real estate for sale or lease on this web site comes in part from the Brevard County Broker Reciprocity Database. Real estate listings held by brokerage firms other than Blue Marlin Real Estate are marked with the IDX logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or Blue Marlin Real Estate.IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2022-10-01T14:11:50.02.
 
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