NOT LISTED FOR SALE

550 Young St Unit A,B,C,D Melbourne, FL 32935

-- Bed
-- Bath
4,060 Sq Ft
0.56 Acres

Last Sold October 18, 2018

Last sale price $398,750 $98 Per Sq Ft

108 Days on Market

Highlights

  • The property is located in a historic district
  • No HOA
  • Tile Flooring
  • 0.56 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • 1-minute walk to Rossetter Park

About This Home

As of October 2018

GREAT INVESTMENT PROPERTY! Property located in Historic Old Eau Gallie area – walking distance to river, shopping, restaurants and galleries. 4 residences on 1/2 acre in EGAD. Units are all rented, with annual rental income of $40K resulting in a positive cash flow- with room for major growth!! Each unit approx. 1,200 sq. ft., 2 bedrooms, 1 Bath. Private driveways, indoor laundry, outdoor sitting areas for each unit. Beautifully shaded property boasts mature mossy oaks in beautiful historic setting. Wonderful place as a vacation home or all year round. Works great for long term tenants or seasonal or vacationers.

Last Agent to Sell the Property

Christine Hansen

J. Edwards Real Estate Listed on: 09/25/2018

Last Buyer's Agent

Walter Ferrero

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,482

Year Built

  • Built in 1964

Lot Details

  • 0.56

Home Design

  • Quadruplex
  • Shingle Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 4,060 Sq Ft Home
  • 1-Story Property
  • Gas Range
  • Dryer

Flooring

  • Carpet
  • Laminate
  • Tile

Parking

  • 18 Open Parking Spaces
  • 18 Parking Spaces
  • Additional Parking
  • Assigned Parking

Schools

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

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Cable TV Available

Additional Features

  • 0.56 Acre Lot
  • The property is located in a historic district

Listing and Financial Details

  • The owner pays for grounds care, insurance, tax, pest control, repairs, taxes
  • Assessor Parcel Number 27-37-21-01-00000.0-0023.06

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $24,000
  • Gross Income $40,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,482

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1964
  • Reso Property Sub Type: Quadruplex
  • ResoLotFeatures: Historic Area
  • ResoSpecialListingConditions: Standard
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 27-37-21-01-00000.0-0023.06
  • 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: 6482.28
  • Location Tax and Legal Tax Year2: 2017
  • General Property Information Living Area2: 4060.0
  • General Property Information Building Area Total3: 4528.0
  • General Property Information Lot Size Acres: 0.56
  • General Property Information Lot Size Square Feet2: 24394.0
  • General Property Information Waterfront YN: No
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Laminate: Yes
  • Flooring Tile: Yes
  • Appliances Dryer: Yes
  • Levels One: Yes
  • Roof:Shingle: Yes
  • Utilities Cable Available: Yes
  • Utilities Electricity Connected: Yes
  • Flooring Carpet: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Utilities Natural Gas Connected: Yes
  • Lot Features Historic Area: Yes
  • General Property Information Number Of Units Total2: 4.0
  • Gross Scheduled Income: 40800.0
  • Income And Expenses Operating Expense: 24000.0
  • Cooling WallWindow Unit(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Laminate, Tile
  • Appliances: Dryer, Electric Range, Gas Range, Refrigerator
  • ResoLivingAreaSource: Other
  • Appliances:Gas Range: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.56
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Additional Parking, Assigned, Other
  • Total Parking Spaces: 18.0
  • General Property Information:Garage YN: No
  • Parking Features:Additional Parking: Yes
  • Parking Features:Assigned: Yes
  • Parking Features:Other26: Yes
  • General Property Information:Parking Total: 18.0
  • General Property Information:Open Parking Spaces2: 18.0

Utilities

  • Cooling: Central Air, Electric, Wall/Window Unit(s)
  • Utilities: Cable Available, Electricity Connected, Natural Gas 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: 24394.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-37-21-01-00000.0-0023.06
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Grounds Care, Insurance, Other Tax, Pest Control, Repairs, Taxes

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 6482.28

Multi Family

  • Number Of Units Total: 4
  • Annual Operating Expense: 24000.0

MLS Schools

  • Elementary School: Creel
  • High School: Eau Gallie

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2018 10/18/18 Sold $398,750 -11.2% $98 / Sq Ft
10/03/2018 10/03/18 Pending -- -- --
09/25/2018 09/25/18 For Sale $449,000 0.0% $111 / Sq Ft
07/31/2018 07/31/18 Pending -- -- --
07/23/2018 07/23/18 For Sale $449,000 0.0% $111 / Sq Ft
07/16/2018 07/16/18 Pending -- -- --
07/09/2018 07/09/18 For Sale $449,000 0.0% $111 / Sq Ft
06/25/2018 06/25/18 Pending -- -- --
06/16/2018 06/16/18 For Sale $449,000 -- $111 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Christine Hansen

    J. Edwards Real Estate

  • W

    Buyer's Agent in 2018

    Walter Ferrero

    EXP Realty LLC

See All Agents

Map

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

MLS Number: 816725

Space Coast MLS (Space Coast Association of REALTORS®)
Florida Brevard County Melbourne 32935

550 Young St Unit A,B,C,D, Melbourne, FL

Not Listed for Sale

MultiFamily

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.

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