NOT LISTED FOR SALE

1002 Brothers Ave Melbourne, FL 32901

Melbourne Area
-- Bed
-- Bath
2,628 Sq Ft
5,663 Sq Ft Lot

Sale Details

Date Sold: June 9, 2015

Last sale price $110,000 $42 Per Sq Ft

14 Days on Market

Highlights

  • Corner Lot
  • Cooling System Mounted To A Wall/Window
  • 1-Story Property
  • No HOA
  • Tile Flooring

About This Home

As of June 2015

Recently renovated turnkey 4-unit apartment/commercial building. 14% Cap Rate! Complex has 3 apartments with two - 2/1's, one - 1/1, and one commercial unit. Two-bedroom units are rented for $525/mo, 1-bedroom unit is rented for $450/mo, and commercial unit is rented for $450/mo. Zoned mixed-use commercial/residential. Fully rented and management in place (if desired). Walking distance to downtown shops and restaurants. A note for $18,700 may be assumable, please no other owner financed offers.

Last Agent to Sell the Property

Chris McClatchey

Shoreline Coast Realty Listed on: 03/05/2015

Last Buyer's Agent

Ruben Garcia

Garcia Real Estate & Mgmt Svc. License #3086105

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,443

Year Built

  • Built in 1955

Lot Details

  • 5,663 Sq Ft Lot
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,628 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Electric Range

Schools

  • Harbor City Elementary School
  • Stone Middle School
  • Melbourne High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Cable TV Available

Listing and Financial Details

  • The owner pays for grounds care, insurance, pest control, taxes
  • Assessor Parcel Number 28-37-02-80-00000.0-0003.00

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $3,350
  • Gross Income $23,400
  • Net Operating Income $20,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,443

Year Built

Built in 1955

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1955
  • Reso Property Sub Type: Quadruplex
  • ResoLotFeatures: Corner Lot
  • ResoSpecialListingConditions: Standard
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 28-37-02-80-00000.0-0003.00
  • Location Tax and Legal Elementary School: Harbor City
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 1442.98
  • Location Tax and Legal Tax Year2: 2013
  • General Property Information Living Area2: 2628.0
  • General Property Information Building Area Total3: 2628.0
  • General Property Information Lot Size Acres: 0.13
  • General Property Information Lot Size Square Feet2: 5663.0
  • General Property Information Waterfront YN: No
  • Appliances Refrigerators: Yes
  • Flooring Tile: Yes
  • Levels One: Yes
  • Roof:Shingle: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • General Property Information Lot Size Dimensions: 42.0 ft x 130.0 ft
  • General Property Information Number Of Units Total2: 4.0
  • Gross Scheduled Income: 23400.0
  • Income And Expenses Operating Expense: 3350.0
  • Cooling WallWindow Unit(s): Yes
  • Utilities Sewer Connected: Yes
  • General Property Information Number Of Buildings2: 1.0
  • General Property Information:Pool Private YN: No
  • General Property Information Water Body Access YN2: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile
  • Appliances: Electric Range, Refrigerator
  • Appliances:Electric Range: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle, Other
  • Acres: 0.13
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Street
  • General Property Information:Garage YN: No
  • Parking Features:On Street: Yes

Utilities

  • Cooling: Wall/Window Unit(s)
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Available
  • Cooling Y N: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Stone

Lot Info

  • Lot Dimensions: 42.0 ft x 130.0 ft
  • Lot Size Sq Ft: 5663.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 28-37-02-80-00000.0-0003.00

Rental Info

  • Owner Pays: Grounds Care, Insurance, Pest Control, Taxes

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 1442.98

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 3350.0
  • Income And Expenses Net Operating Income: 20040.0

MLS Schools

  • Elementary School: Harbor City
  • High School: Melbourne
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/09/2015 06/09/15 Sold $110,000 -15.3% $42 / Sq Ft
03/20/2015 03/20/15 Pending -- -- --
03/05/2015 03/05/15 For Sale $129,900 -- $49 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

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Map

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 719401

Space Coast MLS (Space Coast Association of REALTORS®)
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