$820,000
SOLD DEC 13, 2016

1328 S Patrick Dr Satellite Beach, FL 32937

-- Bed
-- Bath
5,824 Sq Ft
0.44 Acres

Recently Sold

$141 Per Sq Ft

25% Below List Price

120 Days on Market

Highlights

  • 0.44 Acre Lot
  • No HOA
  • Terrazzo Flooring
  • Surfside Elementary School Rated A-
  • Cooling System Mounted To A Wall/Window

About This Home

As of December 2016

12 rental units located in an ideal part of Satellite Beach. The property is situated on .44 acres. Each unit is a 1 bedroom 1 bath with large closets. There is a huge demand for rentals like these in the area!!! Many of the tenants have been there a long, long time and the rents are WELL BELOW MARKET RATES. An 8% return is easily achievable. All railings have been replaced, the building has been painted, and a new permitted ROOF was installed in 2015. This is a most excellent property.

Last Agent to Sell the Property

Clinton Davis

RE/MAX Aerospace Realty License #3085281 Listed on: 08/24/2016

RE/MAX Aerospace Realty

Last Buyer's Agent

Katherine Conrad

House Facts Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,107

Year Built

  • Built in 1962

Lot Details

  • 0.44 Acre Lot

Home Design

  • Membrane Roofing
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 5,824 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Terrazzo

Schools

  • Surfside Elementary School
  • Delaura Middle School
  • Satellite High School

Utilities

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

Listing and Financial Details

  • The owner pays for cable TV, electricity, insurance, pest control, repairs, sewer, taxes, trash collection, water
  • Assessor Parcel Number 26-37-34-75-0000b.0-0001.00

Community Details

Overview

  • No Home Owners Association
  • 12 Units
  • Satellite Beach Isles Subdivision

Building Details

  • Operating Expense $23,196
  • Gross Income $69,900
  • Net Operating Income $46,704

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,107

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1962
  • Reso Property Sub Type: Multi Family
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Satellite Beach Isles
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Location Tax and Legal Parcel Number2: 26-37-34-75-0000b.0-0001.00
  • Location Tax and Legal Elementary School: Surfside
  • Location Tax and Legal Middle School2: DeLaura
  • Location Tax and Legal High School: Satellite
  • Location Tax and Legal Tax Annual Amount: 4106.51
  • Location Tax and Legal Tax Year2: 2015
  • General Property Information Living Area2: 5824.0
  • General Property Information Building Area Total3: 5936.0
  • General Property Information Lot Size Acres: 0.44
  • General Property Information Lot Size Square Feet2: 19166.0
  • General Property Information Waterfront YN: No
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Carpet: Yes
  • Levels Two: Yes
  • Flooring Terrazzo: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • General Property Information Lot Size Dimensions: 128.0 ft x 150.0 ft
  • General Property Information Number Of Units Total2: 12.0
  • Gross Scheduled Income: 69900.0
  • Income And Expenses Operating Expense: 23196.0
  • Cooling WallWindow Unit(s): Yes
  • Utilities Sewer Connected: Yes
  • Owner Pays:Sewer2: Yes
  • Utilities Separate Electric Meters: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Terrazzo
  • Appliances: Other
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: None
  • Roof: Membrane
  • Acres: 0.44
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • ConstructionSiding:Roof Membrane: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Wall/Window Unit(s)
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Available, Separate Electric Meters
  • 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: DeLaura

Lot Info

  • Lot Dimensions: 128.0 ft x 150.0 ft
  • Lot Size Sq Ft: 19166.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2612062
  • Parcel #: 26-37-34-75-0000b.0-0001.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Cable TV, Electricity, Insurance, Pest Control, Repairs, Sewer, Taxes, Trash Collection, Water

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 4106.51

Multi Family

  • Number Of Units Total: 12
  • Annual Operating Expense: 23196.0
  • Income And Expenses Net Operating Income: 46704.0

MLS Schools

  • Elementary School: Surfside
  • High School: Satellite

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2024 11/18/24 Off Market $975 -- --
07/21/2018 07/21/18 Rented $975 0.0% --
07/17/2018 07/17/18 Rented $975 0.0% --
07/17/2018 07/17/18 For Rent $975 +16.8% --
12/28/2017 12/28/17 Rented $835 +5.0% --
12/02/2017 12/02/17 Price Changed $795 -4.8% $0 / Sq Ft
11/08/2017 11/08/17 For Rent $835 +5.0% --
04/06/2017 04/06/17 Rented $795 0.0% --
03/11/2017 03/11/17 For Rent $795 0.0% --
12/13/2016 12/13/16 Sold $820,000 -25.5% $141 / Sq Ft
10/14/2016 10/14/16 Pending -- -- --
06/15/2016 06/15/16 For Sale $1,100,000 -- $189 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2018

    Katherine Conrad

    Conrad Realty Group LLC

  • Clinton Davis

    Seller's Agent in 2016

    Clinton Davis

    RE/MAX

    (321) 426-0234

    9 in this area

    22 Total Sales

    Clinton Davis
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Map

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

MLS Number: 757144

Space Coast MLS (Space Coast Association of REALTORS®)
Florida Brevard County Satellite Beach 32937

1328 S Patrick Dr, Satellite Beach, FL

This home is located at 1328 S Patrick Dr, Satellite Beach, FL 32937 and is currently priced at $820,000, approximately $140 per square foot. This property was built in 1962. 1328 S Patrick Dr is a home located in Brevard County with nearby schools including Surfside Elementary School, Satellite Senior High School, and DeLaura Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Space Coast MLS (Space Coast Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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