$105,000
SOLD APR 3, 2020

1628 Sue Dr Cocoa, FL 32922

Cocoa West Neighborhood
-- Bed
-- Bath
1,636 Sq Ft
0.39 Acres

Recently Sold

$64 Per Sq Ft

12% Below List Price

20 Days on Market

Highlights

  • 0.39 Acre Lot
  • No HOA
  • 1-Story Property

About This Home

As of April 2020

INVESTOR ALERT w/potential 13.45% ROI once remodeled!! There are 2 duplexes consisting of a total of (4) 1 bedroom/1 bath units that sit on one parcel of land (0.39 acres). There are two water meters (paid by the landlord and included in the rent) along with 4 electrical meters for each unit. 1630 Sue Dr. (west building) has recently gotten a new roof, septic tanks and drain field (see document section for recent invoices). 1628 Sue (south building) needs a new roof, septic & drain field, odd's and ends. Both currently rented one at $550 and the other at $450. The tenant paying $450 helps with the repairs and property management around the units so his rent might be discounted or even traded for labor from the sounds of it. I have attached a CAP rate proforma to help justify the numbers numbers

Last Agent to Sell the Property

nathan doyle

ITG Realty License #3127048

ITG Realty

Last Buyer's Agent

Bryan Villanova

Blue Marlin Real Estate CB

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,225

Year Built

  • Built in 1958

Lot Details

  • 0.39 Acre Lot
  • Street terminates at a dead end

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 1,636 Sq Ft Home
  • 1-Story Property

Schools

  • Saturn Elementary School
  • Cocoa Middle School
  • Cocoa High School

Utilities

  • Separate Meters
  • Aerobic Septic System
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • The owner pays for taxes, trash collection, water
  • Assessor Parcel Number 24-36-31-00-00022.0-0000.00

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $6,400
  • Gross Income $36,000
  • Net Operating Income $29,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,225

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1958
  • Reso Property Sub Type: Quadruplex
  • ResoLotFeatures: Dead End Street
  • ResoSpecialListingConditions: Standard
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Roof:Shingle: Yes
  • Gross Scheduled Income: 36000.0
  • Income And Expenses Operating Expense: 6400.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances: Other
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.39
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Utilities: Cable Available, Water Available, Separate Electric Meters
  • Water Source: Public
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Cocoa

Lot Info

  • Lot Size Sq Ft: 16988.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2423912
  • Parcel #: 24-36-31-00-00022.0-0000.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Taxes, Trash Collection, Water, Other

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 2225.44

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 6400.0
  • Income And Expenses Net Operating Income: 29600.0

MLS Schools

  • Elementary School: Saturn
  • High School: Cocoa

Map

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
04/10/2024 04/10/24 Rented $850 0.0% --
03/14/2024 03/14/24 Under Contract -- -- --
02/01/2024 02/01/24 Price Changed $850 -5.6% $2 / Sq Ft
01/15/2024 01/15/24 For Rent $900 0.0% --
04/03/2020 04/03/20 Sold $105,000 -9.5% $64 / Sq Ft
03/03/2020 03/03/20 Pending -- -- --
02/29/2020 02/29/20 Price Changed $115,999 -2.9% $71 / Sq Ft
02/24/2020 02/24/20 Price Changed $119,499 -0.4% $73 / Sq Ft
02/11/2020 02/11/20 For Sale $119,999 -- $73 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

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

MLS Number: 867691

Space Coast MLS (Space Coast Association of REALTORS®)

Florida Brevard County Cocoa 32922 Cocoa West

1628 Sue Dr, Cocoa, FL

Homes for Sale in Cocoa, FL

This home is located at 1628 Sue Dr, Cocoa, FL 32922 and is currently priced at $105,000, approximately $64 per square foot. This property was built in 1958. 1628 Sue Dr is a home located in Brevard County with nearby schools including Cocoa High School, Saturn Elementary School, and Emma Jewel Charter Academy.

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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