NOT LISTED FOR SALE

1431 Oak St Melbourne, FL 32901

1 Bed
1 Bath
11,844 Sq Ft
0.35 Acres Lot

Sale Details

Date Sold: November 21, 2012

Last sale price $685,800 $58 Per Sq Ft

176 Days on Market

Highlights

  • No HOA
  • Carpet
  • 4-minute walk to Melbourne Military Memorial Park
  • Cooling System Mounted To A Wall/Window

About This Home

As of November 2012

Now 100% Occupied and a Waiting List of New Tenants! Well maintained, good tenants, and adjacent to Holmes Regional Hospital! This 3 story 23 unit apartment building was completed in 1975 of Concrete Block and Poured Slab Construction with a 20 Year Thermo-Plastic Commercial Roof (approx. 4 years old). Managers Office, Storage, and Laundry Room is on the First Floor. Call today for a private showing. Sign and return attached confidentiality agreement for Investment Package. Offer''s Welcom

Last Agent to Sell the Property

Paul Rufo

Spectrum, Inc. License #075985 Listed on: 04/16/2012

Co-Listed By

Jesse Tortorice

Century 21 Spectrum License #3031729

Last Buyer's Agent

Paul Rufo

Spectrum, Inc. License #075985 Listed on: 04/16/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,463

Lot Details

  • 0.35

Parking

  • 23 Parking Spaces

Home Design

  • 11,844 Sq Ft Home
  • Concrete Siding
  • Block Exterior

Flooring

  • Carpet
  • Vinyl

Schools

  • Harbor City Elementary School
  • Melbourne High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air

Additional Features

  • Electric Range
  • 15,246 Sq Ft Lot

Listing and Financial Details

  • The owner pays for electricity, grounds care, insurance, management, repairs, sewer, taxes, trash collection, water
  • Assessor Parcel Number 27373451000000037100

Community Details

Overview

  • No Home Owners Association
  • 23 Units
  • Woodlawn Park Replat Subdivision

Building Details

  • Operating Expense $37,087
  • Gross Income $119,040
  • Net Operating Income $84,353

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,463

Lot Details

0.35 Acres

Listing Details

  • Property Type: Residential Income
  • Reso Property Sub Type: Multi Family
  • Co List Office Mls Id: 05770
  • Co List Office Phone: 321-779-0210
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Woodlawn Park Replat
  • Carport Y N: No
  • Garage Yn: No
  • Location Tax and Legal Parcel Number2: 27373451000000037100
  • Location Tax and Legal Elementary School: Harbor City
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 7463.37
  • Location Tax and Legal Tax Year2: 2011
  • General Property Information Building Area Total3: 11844.0
  • General Property Information Lot Size Acres: 0.35
  • General Property Information Lot Size Square Feet2: 15246.0
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Flooring Carpet: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Flooring Vinyl: Yes
  • General Property Information Number Of Units Total2: 23.0
  • Gross Scheduled Income: 119040.0
  • Income And Expenses Operating Expense: 37087.0
  • Cooling WallWindow Unit(s): Yes
  • Utilities Sewer Connected: Yes
  • Owner Pays:Sewer2: Yes
  • General Property Information Number Of Buildings2: 1.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Electric Range, Refrigerator
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Range: Yes

Exterior Features

  • Pool Features: None
  • Acres: 0.35
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes

Garage/Parking

  • Total Parking Spaces: 23.0
  • General Property Information:Garage YN: No
  • General Property Information:Parking Total: 23.0

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Size Sq Ft: 15246.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 27373451000000037100
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Electricity, Grounds Care, Insurance, Management, Repairs, Sewer, Taxes, Trash Collection, Water, Other

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 7463.37

Multi Family

  • Number Of Units Total: 23
  • Annual Operating Expense: 37087.0
  • Income And Expenses Net Operating Income: 84353.0

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

Date Event Price List to Sale Price per Sq Ft
11/21/2012 11/21/12 Sold $685,800 -31.4% $58 / Sq Ft
10/09/2012 10/09/12 Pending -- -- --
04/16/2012 04/16/12 For Sale $999,900 -- $84 / 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: 638541

Space Coast MLS (Space Coast Association of REALTORS®)
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