NOT LISTED FOR SALE

1620 Palm Ridge Rd Melbourne, FL 32935

-- Bed
2 Baths
2,028 Sq Ft
0.33 Acres

Last Sold November 07, 2018

Last sale price $250,000 $123 Per Sq Ft

30 Days on Market

Highlights

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

About This Home

As of November 2018

Investment opportunity. An instant income producing triplex with a new roof in a very convenient area. Very high traffic area good for renters. Each unit has it's own garage and there is a large common area yard in the back. **This property is part of a rental portfolio sale. Please see documents tab for whole portfolio (2 pages). Property can be bought as part or whole package.

Last Agent to Sell the Property

Bradley Griffin

Keller Williams Realty Brevard Listed on: 10/18/2018

Last Buyer's Agent

Neko Shepherd

Weichert REALTORS Hallmark Pro License #3366853

Weichert REALTORS Hallmark Pro

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,848

Year Built

  • Built in 1960

Lot Details

  • 0.33 Acre Lot
  • Corner Lot

Parking

  • 3 Car Attached Garage

Home Design

  • Triplex
  • Shingle Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 2,028 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Electric Range

Schools

  • Creel Elementary School
  • Johnson Middle School
  • Eau Gallie High School

Utilities

  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • The owner pays for grounds care, insurance, taxes
  • Assessor Parcel Number 27-37-08-51-00000.0-0022.00

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $5,000
  • Gross Income $28,800
  • Net Operating Income $23,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,848

Year Built

Built in 1960

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Year Built: 1960
  • Reso Property Sub Type: Triplex
  • ResoLotFeatures: Corner Lot
  • Road Surface Type: Paved
  • ResoSpecialListingConditions: Standard
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 27-37-08-51-00000.0-0022.00
  • Location Tax and Legal Elementary School: Creel
  • Location Tax and Legal Middle School2: Johnson
  • Location Tax and Legal High School: Eau Gallie
  • Location Tax and Legal Tax Annual Amount: 2848.06
  • Location Tax and Legal Tax Year2: 2017
  • General Property Information Living Area2: 2028.0
  • General Property Information Building Area Total3: 2468.0
  • General Property Information Lot Size Acres: 0.33
  • General Property Information Lot Size Square Feet2: 14375.0
  • General Property Information Waterfront YN: No
  • Appliances Refrigerators: Yes
  • Flooring Tile: Yes
  • Levels One: Yes
  • Roof:Shingle: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • General Property Information Number Of Units Total2: 3.0
  • Gross Scheduled Income: 28800.0
  • Income And Expenses Operating Expense: 5000.0
  • Cooling WallWindow Unit(s): Yes
  • Utilities Sewer Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.33
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Attached, Other
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 3.0
  • Parking Features:Attached: Yes
  • Parking Features:Other26: Yes

Utilities

  • Cooling: Wall/Window Unit(s)
  • Utilities: 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: Johnson

Lot Info

  • Lot Size Sq Ft: 14375.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2711802
  • Parcel #: 27-37-08-51-00000.0-0022.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Grounds Care, Insurance, Taxes

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 2848.06

Multi Family

  • Number Of Units Total: 3
  • Annual Operating Expense: 5000.0
  • Income And Expenses Net Operating Income: 23800.0

MLS Schools

  • Elementary School: Creel
  • High School: Eau Gallie

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 List to Sale Price per Sq Ft Prior Sale
11/07/2018 11/07/18 Sold $250,000 0.0% $123 / Sq Ft
10/27/2018 10/27/18 Pending -- -- --
10/18/2018 10/18/18 For Sale $250,000 0.0% $123 / Sq Ft
10/08/2018 10/08/18 Pending -- -- --
09/26/2018 09/26/18 For Sale $250,000 +95.3% $123 / Sq Ft
08/26/2014 08/26/14 Sold $128,000 -5.2% $42 / Sq Ft View Prior Sale
08/08/2014 08/08/14 Pending -- -- --
07/02/2014 07/02/14 For Sale $135,000 -- $45 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2018

    Bradley Griffin

    Keller Williams Realty Brevard

  • Neko Shepherd

    Buyer's Agent in 2018

    Neko Shepherd

    Weichert REALTORS Hallmark Pro

    (321) 313-8576

    3 in this area

    19 Total Sales

    Neko Shepherd
    Section Image

  • A

    Seller's Agent in 2014

    A. Peri Kiros

    RE/MAX 2000

See All Agents

Map

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

MLS Number: 825505

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-37-08-51-00000.0-0022.00

Florida Brevard County Melbourne 32935

1620 Palm Ridge Rd, Melbourne, FL

This home is located at 1620 Palm Ridge Rd, Melbourne, FL 32935 since 18 October 2018. This property was built in 1960. 1620 Palm Ridge Rd is a home located in Brevard County with nearby schools including Dr. W.J. Creel Elementary School, Lyndon B. Johnson Middle School, and Eau Gallie High 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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