NOT LISTED FOR SALE

Estimated Value: $689,000 - $722,000

8 Beds
8 Baths
3,136 Sq Ft
$226/Sq Ft Est. Value

Last Sold February 21, 2025

Last sale price $715,000 $228 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,294/month

7 Days on Market

Highlights

  • 0.62 Acre Lot
  • Tile Flooring
  • Water Softener is Owned
  • No HOA
  • Central Heating and Cooling System
  • North Facing Home

About This Home

As of February 2025

Presenting a great investment opportunity in the heart of southeast Palm Bay with this four-plex apartment complex on City/Sewer! Each of the four spacious units features two bedrooms, two full baths, and a stackable washer and dryer. Newer ac's on 2 of the units. The interiors boast a mixture of laminate and tile. providing a blend of comfort and style. Each unit includes a dedicated dining room and a spacious living room, ensuring ample space for tenants to enjoy. Situated on a generous 0.62-acre lot, this property not only offers immediate rental income but also the potential for future multifamily development. Seize the chance to enhance your investment portfolio with this prime piece of real estate in a sought-after location. Seller offering ROOF replacement with solid offer!

Last Agent to Sell the Property

Jodie Bizarro

Waterman Real Estate, Inc. License #3457527 Listed on: 01/13/2025

Waterman Real Estate, Inc.

Last Buyer's Agent

Crystal Cardenas

Southern Key Realty License #3241492

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,962

Year Built

  • Built in 1986

Lot Details

  • 0.62 Acre Lot
  • North Facing Home

Parking

  • Parking Lot

Home Design

  • Quadruplex
  • Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,136 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave
  • Ice Maker

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Laundry

  • Laundry in unit
  • Stacked Washer and Dryer

Schools

  • Port Malabar Elementary School
  • Stone Middle School
  • Palm Bay High School

Utilities

  • Central Heating and Cooling System
  • Water Softener is Owned
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 4 Units
  • Port Malabar Unit 40 Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, sewer, water
  • The owner pays for common area maintenance, exterior maintenance, insurance, pest control, repairs, roof maintenance, trash collection
  • Assessor Parcel Number 29-37-03-26-01981.0-0013.00
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,962

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1986
  • Reso Property Sub Type: Quadruplex
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Other
  • ResoSecurityFeatures: Smoke Detector(s)
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Port Malabar Unit 40
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 29-37-03-26-01981.0-0013.00
  • Location Tax and Legal Elementary School: Port Malabar
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Palm Bay
  • Location Tax and Legal Tax Annual Amount: 7962.22
  • Location Tax and Legal Tax Year2: 2024
  • General Property Information Living Area2: 3136.0
  • General Property Information Lot Size Acres: 0.62
  • General Property Information Lot Size Square Feet2: 27007.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: North
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Flooring Laminate: Yes
  • Flooring Tile: Yes
  • Levels One: Yes
  • Roof:Shingle: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • General Property Information Stories Total: 1
  • General Property Information Number Of Units Total2: 4.0
  • Utilities Sewer Connected: Yes
  • General Property Information Number Of Buildings2: 1.0
  • General Property Information CDD Fee YN: No
  • Utilities Water Connected: Yes
  • General Property Information Stories2: 1
  • General Property Information:Pool Private YN: No
  • General Property Information Water Body Access YN2: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Laminate, Tile
  • Appliances: Electric Range, Ice Maker, Microwave, Refrigerator, Washer/Dryer Stacked, Water Softener Owned
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Stories: 1
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Range: Yes
  • Appliances:Ice Maker: Yes
  • Appliances:Water Softener-Owned: Yes
  • Appliances:WasherDryer Stacked: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.62
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Frame, Stucco
  • Direction Faces: North
  • Construction Materials:Stucco: Yes
  • Construction Materials:Frame: Yes
  • Lot Features:Other21: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Stone

Lot Info

  • Current Use: Multi-Family
  • Lot Size Sq Ft: 27007.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2922936
  • Parcel #: 29-37-03-26-01981.0-0013.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished
  • Tenant Pays: Cable TV, Electricity, Sewer, Water
  • Owner Pays: Common Area Maintenance, Exterior Maintenance, Insurance, Pest Control, Repairs, Roof Maintenance, Trash Collection

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7962.22

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Port Malabar
  • High School: Palm Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2025
Closed on
Feb 21, 2025
Sold by
1970 Agora Complex Llc
Bought by
Gonzalez Efrain
Seller's Agent
Jodie Bizarro
Waterman Real Estate, Inc.
Buyer's Agent
Crystal Cardenas
Southern Key Realty
List Price
$715,000
Sold Price
$715,000
Views
18
Current Estimated Value
$708,198

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,802
Avg. Annual Appreciation
-1.28%
Original Mortgage
$536,250
Outstanding Balance
$534,044
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$175,642

Purchase Details

Listed on
Jul 12, 2023
Closed on
Oct 30, 2023
Sold by
Map Capital Llc
Bought by
1970 Agora Complex Llc
Seller's Agent
Steven Koleno
Beycome of Florida LLC
Buyer's Agent
Non-Member Non-Member Out Of Area
Non-MLS or Out of Area
Sold Price
$1,490
Views
288

Purchase Details

Closed on
Nov 19, 2021
Sold by
Anderson Bruce R and Anderson Lisa D
Bought by
Map Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,100
Interest Rate
3.09%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gonzalez Efrain $715,000 None Listed On Document
1970 Agora Complex Llc $100 None Listed On Document
Map Capital Llc $364,000 Lending Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Efrain $536,250
Previous Owner 1970 Agora Complex Llc $469,500
Previous Owner Map Capital Llc $3,009,115
Previous Owner Map Capital Llc $341,100
Previous Owner Map Capital Llc $341,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2025 02/21/25 Sold $715,000 0.0% $228 / Sq Ft
01/20/2025 01/20/25 Pending -- -- --
01/13/2025 01/13/25 For Sale $715,000 0.0% $228 / Sq Ft
08/31/2023 08/31/23 Rented $1,490 0.0% --
08/14/2023 08/14/23 Price Changed $1,490 -2.3% $2 / Sq Ft
08/03/2023 08/03/23 Price Changed $1,525 -1.6% $2 / Sq Ft
07/19/2023 07/19/23 Price Changed $1,550 -1.6% $2 / Sq Ft
07/12/2023 07/12/23 For Rent $1,575 -- --
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,642 $422,400 -- --
2023 $6,642 $345,600 $60,000 $285,600
2022 $6,405 $330,480 $0 $0
2021 $3,905 $185,180 $26,400 $158,780
2020 $5,379 $176,360 $26,400 $149,960
2019 $5,470 $163,300 $24,000 $139,300
2018 $5,307 $156,000 $0 $156,000
2017 $5,298 $150,000 $0 $150,000
2016 $4,990 $144,000 $0 $0
2015 $4,945 $138,000 $12,000 $126,000
2014 $4,708 $126,000 $12,000 $114,000
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 1034148

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 29-37-03-26-01981.0-0013.00