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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0BEDS
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0.2ACRES
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0BATHS
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01/2 BATHS
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2,678SQFT
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$187$/SQFT
School Information
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
© 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.