$715,000
SOLD FEB 21, 2025
8 Beds
8 Baths
3,136 Sq Ft
0.75 Acres

Recently Sold

$228 Per Sq Ft

1% Below List Price

38 Days on Market

Highlights

  • View of Trees or Woods
  • No HOA
  • Central Heating and Cooling System
  • 0.75 Acre Lot
  • Tile Flooring
  • Stacked Washer and Dryer

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 3 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 0.75-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: 11/22/2024

Waterman Real Estate, Inc.

Last Buyer's Agent

Non-Member Non-Member Out Of Area

Non-MLS or Out of Area License #nonmls

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,876

Year Built

  • Built in 1986

Lot Details

  • 0.75 Acre Lot
  • Northwest Facing Home

Parking

  • Parking Lot

Home Design

  • Quadruplex
  • Frame Construction
  • Shingle Roof
  • Asphalt
  • Stucco

Interior Spaces

  • 3,136 Sq Ft Home
  • 1-Story Property
  • Views of Woods

Kitchen

  • Electric Range
  • 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
  • Separate Meters

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 pest control, trash collection
  • Assessor Parcel Number 29-37-03-26-01981.0-0012.00
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,876

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
  • Road Surface Type: Asphalt
  • Reso View: Trees/Woods
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Port Malabar Unit 40
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 29-37-03-26-01981.0-0012.00
  • 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: 6876.0
  • Location Tax and Legal Tax Year2: 2023
  • General Property Information Living Area2: 3136.0
  • General Property Information Lot Size Acres: 0.75
  • General Property Information Lot Size Square Feet2: 32670.0
  • 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: Northwest
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Flooring Laminate: Yes
  • Flooring Tile: Yes
  • Road Surface Type Asphalt: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • Utilities Electricity Connected: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • General Property Information Stories Total: 1
  • View TreesWoods: Yes
  • General Property Information Number Of Units Total2: 4.0
  • Utilities Sewer Connected: Yes
  • Utilities Separate Electric Meters: 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, Refrigerator, Washer/Dryer Stacked
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Stories: 1
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Range: Yes
  • Appliances:Ice Maker: Yes
  • Appliances:WasherDryer Stacked: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.75
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Frame, Stucco
  • Direction Faces: Northwest
  • Construction Materials:Stucco: Yes
  • Construction Materials:Frame: 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: Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters
  • Heating: Central
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: 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, Residential
  • Lot Size Sq Ft: 32670.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2922935
  • Parcel #: 29-37-03-26-01981.0-0012.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Furnished: Unfurnished
  • Tenant Pays: Cable TV, Electricity, Sewer, Water
  • Owner Pays: Pest Control, Trash Collection

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6876.0

Multi Family

  • Number Of Units Total: 4
  • Income Includes: ["Rent Only"]

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2024
Closed on
Feb 21, 2025
Sold by
1984 Agora Complex Llc
Bought by
Freeman Kenneth H
Seller's Agent
Jodie Bizarro
Waterman Real Estate, Inc.
Buyer's Agent
Non-Member Non-Member Out Of Area
Non-MLS or Out of Area
List Price
$725,000
Sold Price
$715,000
Premium/Discount to List
-$10,000
-1.38%
Views
44
Current Estimated Value
$707,840

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,160
Avg. Annual Appreciation
-1.26%
Original Mortgage
$715,000
Outstanding Balance
$711,994
Interest Rate
6.93%
Mortgage Type
VA
Estimated Equity
-$2,129

Purchase Details

Listed on
Dec 5, 2023
Closed on
Oct 30, 2023
Sold by
Map Capital Llc
Bought by
1984 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
$1,450
Views
41

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

Purchase Details

Closed on
May 2, 2003
Sold by
Anderson Bruce R and Anderson Lisa
Bought by
Anderson Bruce R
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $715,000 None Listed On Document
Quit Claim Deed $100 None Listed On Document
Warranty Deed $364,000 Landing Title Agency Inc
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $715,000 VA
Previous Owner $469,500 New Conventional
Previous Owner $3,009,115 New Conventional
Previous Owner $341,100 Commercial
Previous Owner $341,100 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2025 02/21/25 Sold $715,000 -0.6% $228 / Sq Ft
12/30/2024 12/30/24 Pending -- -- --
12/04/2024 12/04/24 Price Changed $719,000 -0.8% $229 / Sq Ft
11/22/2024 11/22/24 For Sale $725,000 0.0% $231 / Sq Ft
12/13/2023 12/13/23 Rented $1,450 0.0% --
12/11/2023 12/11/23 Under Contract -- -- --
12/05/2023 12/05/23 For Rent $1,450 -- --
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 $75,000 $270,600
2022 $6,405 $330,480 $0 $0
2021 $3,905 $185,180 $33,000 $152,180
2020 $5,711 $176,360 $33,000 $143,360
2019 $5,962 $163,300 $30,000 $133,300
2018 $5,804 $156,000 $0 $156,000
2017 $5,821 $150,000 $0 $150,000
2016 $5,344 $145,000 $0 $0
2015 $5,277 $138,000 $15,000 $123,000
2014 $5,040 $126,000 $15,000 $111,000
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 1030352

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 29-37-03-26-01981.0-0012.00