NOT LISTED FOR SALE

665 S Apollo Blvd Melbourne, FL 32901

Estimated Value: $2,590,918

Studio
-- Bath
9,028 Sq Ft
$287/Sq Ft Est. Value

Sale Details

Date Sold: December 19, 2019

Last sale price $1,450,000 $161 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $16,304 / mo

89 Days on Market

Highlights

  • 0.99 Acre Lot
  • Tile Flooring
  • Central Air
  • No HOA
  • 1-Story Property
  • Maintained Community

About This Home

As of December 2019

Sale of Medical Office Building. Net lease with Tenant paying all expenses including Utilities, Real Estate Taxes and Maintenance. Base rent is $14.95 per square foot with annual CPI increases. Excellent investment area located between Holmes Regional Medical Center and the major employers at the Melbourne Airport. Do not disturb tenant.

Last Agent to Sell the Property

Alan King

One Sotheby's International Listed on: 07/24/2019

Last Buyer's Agent

Alan King

National Realty of Brevard

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,595

Year Built

  • Built in 1994

Lot Details

  • 0.99

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Concrete Siding
  • Block Exterior

Interior Spaces

  • 9,028 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Tile
  • Vinyl

Schools

  • Harbor City Elementary School
  • Hoover Middle School
  • Melbourne High School

Additional Features

  • 43,124 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • The owner pays for common area maintenance
  • Assessor Parcel Number 27-37-34-00-00264.0-0000.00

Community Details

Overview

  • No Home Owners Association
  • Maintained Community

Building Details

  • Gross Income $135,420
  • Net Operating Income $135,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,595

Year Built

Built in 1994

Lot Details

0.99 Acres

Listing Details

  • Property Type: Residential Income
  • Year Built: 1994
  • Reso Property Sub Type: Multi Family
  • Road Surface Type: Paved
  • Reso Association Amenities: Management - Off Site
  • ResoSpecialListingConditions: Standard
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 27-37-34-00-00264.0-0000.00
  • Location Tax and Legal Elementary School: Harbor City
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 30595.4
  • Location Tax and Legal Tax Year2: 2018
  • General Property Information Living Area2: 9028.0
  • General Property Information Building Area Total3: 9028.0
  • General Property Information Lot Size Acres: 0.99
  • General Property Information Lot Size Square Feet2: 43124.0
  • General Property Information Waterfront YN: No
  • Cooling Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring Tile: Yes
  • Levels One: Yes
  • Roof:Shingle: Yes
  • Flooring Carpet: Yes
  • Water Source Public: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Flooring Vinyl: Yes
  • General Property Information Number Of Units Total2: 1.0
  • Gross Scheduled Income: 135420.0
  • Utilities Sewer Connected: Yes
  • General Property Information Number Of Buildings2: 1.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Tile, Vinyl
  • Appliances: Other
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: None
  • Roof: Shingle
  • Acres: 0.99
  • Waterfront: No
  • Construction Type: Block, Concrete
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Brick2: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Central Air, Electric
  • 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: Hoover

Lot Info

  • Lot Size Sq Ft: 43124.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-37-34-00-00264.0-0000.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Common Area Maintenance, Other

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 30595.4

Multi Family

  • Number Of Units Total: 1
  • Income And Expenses Net Operating Income: 135420.0

MLS Schools

  • Elementary School: Harbor City
  • High School: Melbourne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2025
Sold by
Vvs Llc
Bought by
Group 3000 Limited Inc
Current Estimated Value
$2,590,918

Purchase Details

Listed on
Jul 24, 2019
Closed on
Dec 19, 2019
Sold by
Sbn V Reo Llc
Bought by
Vvs Corp
Seller's Agent
Alan King
One Sotheby's International
Buyer's Agent
Alan King
National Realty of Brevard
List Price
$1,500,000
Sold Price
$1,450,000
Premium/Discount to List
-$50,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.60%
Original Mortgage
$1,885,000
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 2019
Sold by
Thmih Inc
Bought by
Sbn V Reo Llc

Purchase Details

Closed on
Sep 27, 2013
Sold by
Befanis Paul J
Bought by
Thmih Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,530,000
Interest Rate
4.57%

Purchase Details

Closed on
Jun 14, 1993
Sold by
Befanis Prop Inc
Bought by
Befanis Paul J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
7.42%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Group 3000 Limited Inc $2,640,000 None Listed On Document
Group 3000 Limited Inc $2,640,000 None Listed On Document
Vvs Corp $1,450,000 Attorney
Sbn V Reo Llc -- Attorney
Thmih Inc $1,800,000 State Title
Befanis Paul J $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vvs Corp $1,885,000
Previous Owner Thmih Inc $1,530,000
Previous Owner Befanis Paul J $990,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2019 12/19/19 Sold $1,450,000 -3.3% $161 / Sq Ft
10/22/2019 10/22/19 Pending -- -- --
07/24/2019 07/24/19 For Sale $1,500,000 -- $166 / Sq Ft
Source: Space Coast MLS (Space Coast Association of REALTORS®)

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
2025 $30,807 $1,868,550 -- --
2024 $29,259 $1,690,770 -- --
2023 $29,259 $1,590,790 -- --
2022 $27,203 $1,506,930 $0 $0
2021 $28,464 $1,505,270 $322,500 $1,182,770
2020 $28,415 $1,494,040 $322,500 $1,171,540
2019 $30,221 $1,534,390 $322,500 $1,211,890
2018 $30,595 $1,522,130 $322,500 $1,199,630
2017 $30,980 $1,500,000 $0 $1,500,000
2016 $32,638 $1,500,000 $0 $0
2015 $30,737 $1,370,000 $232,200 $1,137,800
2014 $30,134 $1,350,000 $232,200 $1,117,800
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Alan King

    One Sotheby's International

  • A

    Buyer's Agent in 2019

    Alan King, CCIM

    National Realty of Brevard

See All Agents

Map

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

MLS Number: 851389

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 27-37-34-00-00264.0-0000.00

Florida Brevard County Melbourne 32901

665 S Apollo Blvd, Melbourne, FL

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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