NOT LISTED FOR SALE

989 Coleman St Melbourne, FL 32935

1 Bed
1 Bath
2,678 Sq Ft
8,712 Sq Ft Lot

Last Sold July 10, 2024

Last sale price $469,480 $175 Per Sq Ft

102 Days on Market

Highlights

  • Corner Lot
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • No HOA
  • Views
  • 4-minute walk to Carver Park

About This Home

As of July 2024

Huge Income Potential with this newly painted Multi-family 5 Plex in Central Melbourne near US1 and Eau Gallie Art District. All units occupied with $5145/month income ($1025 x4, $1045x1). Professionally managed with no vacancies expected over the next 6 months. New roof January 2022. Unit 989 has central HVAC. 993-999 have central ducting system but currently have window units. Units 997 and 995 have had cast iron pipes replaced with PVC. 989, 993, and 999 have been inspected in 2022 with no issues with cast iron. Units 993, 995 and 997 have been recently rehabbed.

Last Agent to Sell the Property

Charles Hoffhine

Real Broker LLC License #3475819 Listed on: 05/03/2024

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

  • $4,259

Year Built

  • Built in 1964

Lot Details

  • 8,712 Sq Ft Lot
  • North Facing Home
  • Corner Lot

Home Design

  • Membrane Roofing
  • Concrete Siding
  • Asphalt
  • Stucco

Interior Spaces

  • 2,678 Sq Ft Home
  • 1-Story Property
  • Fire and Smoke Detector
  • Electric Oven
  • Property Views

Flooring

  • Tile
  • Vinyl

Parking

  • 10 Open Parking Spaces
  • Parking Lot
  • Unassigned Parking

Schools

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

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Separate Meters
  • 100 Amp Service
  • Separate Water Meter
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for cable TV, electricity, hot water, sewer, trash collection, water
  • The owner pays for common area maintenance, exterior maintenance, grounds care, HVAC maintenance, insurance, management, pest control, repairs, roof maintenance, taxes
  • Assessor Parcel Number 27-37-16-25-34-8

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Eau Gallie Village Plat Of Subdivision

Building Details

  • Operating Expense $10,000
  • Gross Income $61,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,259

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1964
  • Reso Property Sub Type: Multi Family
  • ResoLaundryFeatures: None
  • ResoLotFeatures: Corner Lot
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Reso View: Other
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Association Amenities: None
  • ResoSpecialListingConditions: Owner Licensed RE
  • Subdivision Name: Eau Gallie Village Plat of
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Financial Info Electric: 100 Amp Service
  • Location Tax and Legal Parcel Number2: 27-37-16-25-34-8
  • 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: 4258.8
  • Location Tax and Legal Tax Year2: 2023
  • General Property Information Living Area2: 2678.0
  • General Property Information Building Area Total3: 2987.0
  • General Property Information Lot Size Acres: 0.2
  • General Property Information Lot Size Square Feet2: 8712.0
  • General Property Information New Construction YN: No
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: North
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Flooring Tile: Yes
  • Levels One: Yes
  • Road Surface Type Asphalt: 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
  • Flooring Vinyl: Yes
  • General Property Information Number Of Units Total2: 5.0
  • Income And Expenses Operating Expense: 10000.0
  • Cooling WallWindow Unit(s): Yes
  • Utilities Sewer Connected: Yes
  • Utilities Separate Electric Meters: Yes
  • Utilities Separate Water Meters: Yes
  • General Property Information Number Of Buildings2: 1.0
  • Utilities Water Connected: Yes
  • General Property Information Stories2: 1
  • Cooling Separate Meters: Yes
  • Electric 100 Amp Service: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Tile, Vinyl
  • Appliances: Electric Oven, Electric Water Heater, Refrigerator
  • Stories: 1
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Oven: Yes

Exterior Features

  • Pool Features: None
  • Roof: Membrane
  • Acres: 0.2
  • Construction Type: Concrete, Stucco
  • Direction Faces: North
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • ConstructionSiding:Roof Membrane: Yes
  • Lot Features:Corner Lot: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot, Unassigned
  • General Property Information:Garage YN: No
  • General Property Information:Open Parking Spaces2: 10.0
  • Parking Features:Parking Lot: Yes
  • Parking Features:Unassigned: Yes

Utilities

  • Cooling: Central Air, Separate Meters, Wall/Window Unit(s)
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters, Separate Water Meters
  • Heating: Central, Electric, Separate Meters
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes
  • Heating:Separate Meters2: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Johnson

Lot Info

  • Current Use: Multi-Family
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-37-16-25-34-8
  • ResoLotSizeUnits: Acres

Rental Info

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

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4258.8

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 61740.0
  • Income Includes: ["Rent Only"]
  • Annual Operating Expense: 10000.0

MLS Schools

  • Elementary School: Creel
  • High School: Eau Gallie

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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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
07/10/2024 07/10/24 Sold $469,480 -10.6% $175 / Sq Ft
05/15/2024 05/15/24 Pending -- -- --
05/03/2024 05/03/24 For Sale $524,900 0.0% $196 / Sq Ft
04/26/2024 04/26/24 Pending -- -- --
04/13/2024 04/13/24 Price Changed $524,900 -4.4% $196 / Sq Ft
02/02/2024 02/02/24 For Sale $549,000 0.0% $205 / Sq Ft
07/22/2023 07/22/23 Rented $1,025 0.0% --
07/05/2023 07/05/23 Under Contract -- -- --
05/31/2023 05/31/23 For Rent $1,025 +3.0% --
06/11/2022 06/11/22 Rented $995 0.0% --
05/19/2022 05/19/22 Under Contract -- -- --
05/09/2022 05/09/22 For Rent $995 +101.0% --
06/15/2015 06/15/15 Rented $495 0.0% --
05/16/2015 05/16/15 Under Contract -- -- --
05/08/2015 05/08/15 For Rent $495 -- --
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Charles Hoffhine

    Seller's Agent in 2024

    Charles Hoffhine

    Real Broker LLC

    (321) 961-8714

    5 in this area

    28 Total Sales

    Charles Hoffhine
    Section Image

  • N

    Buyer's Agent in 2024

    Non-Member Non-Member Out Of Area

    Non-MLS or Out of Area

  • E

    Seller's Agent in 2023

    Earl Wright

    RISE Realty Services

    Section Image

  • J

    Buyer's Agent in 2022

    Janice Jenkins

    Jenkins & Jenkins Real Estate

    Section Image
  • Karen Gunn-Bardot

    Seller's Agent in 2015

    Karen Gunn-Bardot

    Space Coast Realty & Inv. LLC

    (321) 394-7750

    1 Total Sale

    Karen Gunn-Bardot
    Section Image

  • D

    Buyer's Agent in 2015

    Diana Kistner

    Space Coast Realty & Inv. LLC

    Diana Kistner
    Section Image
See All Agents

Map

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

MLS Number: 1003804

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

989 Coleman St, Melbourne, FL

Not Listed for Sale

MultiFamily

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