$499,999
Estimated Payment$2,361/mo
Multi-Family For SalePrice Drop -$30,000

989 999 Coleman Street, Melbourne, FL 32935

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2,678Sq. Ft.
1-Story Multi-Family Home In Melbourne

Price reduced! Huge Income Potential with this 5 Plex in Melbourne near US1, Eau Gallie Art District, Downtown Melbourne and Beaches. New roof January 2022. 4 units are currently rented from $850 - $995 as of 7/24/2022 generating $3740 in monthly rents. Unit 993 is on market for $995/month. Projected total monthly rents = $4735. Annual income when all 5 units rented at current rate = $56,820 yr Expenses 2022 less than $1000/mth Cash flow $3700+/mth Taxes $208/mth Insurance $200/mth Lawn Service $75/mth Pest $75/mth Property Management $400/mth All units are plumbed for Hvac. Several units use window units per tenants choice. All units have Ac with varying ages. Electric & water separately metered

989 999 Coleman Street is a multi family-home located in Brevard, the 32935 ZIP Code, and the Dr. W.J. Creel Elementary School, L. B. Johnson Middle School, and Eau Gallie High School attendance zones.

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989 999 Coleman Street
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Location
989 999 Coleman Street Melbourne, FL 32935
Home Details

Listing Details

General

  • Total Number of Units: 5

    Interior Details

    General

    • Flooring: Ceramic Tile, Vinyl
    • Appliances: Electric Range, Refrigerator

    Utilities

    • Cooling Details: Central Air, Wall Window
    • Utilities: Cable Available, City Water, City Water Available, Electricity Connected, Sep Elect Meter s, Sep Water Meter s, Sewer Connected
    • Heating: Electric

    Financial Details

    Tax Details

    • Annual Tax Amount: 2497

      Expenses

      • Rent Includes: Exterior Maintenance, Insurance, Lawn Land Mntnce, Management, Pest Control, Re Taxes

        Property Details

        General

        • Security Features: Smoke Co Detector
        • Stories: 1
        • Lot Features: Corner Lot, Paved Street, West of US1
        • Building Features: 1 Building

        Construction Details

        • Construction Materials: Concrete Block, Stucco
        • Architectural Style: One Story
        • Roof: Membrane, Other

        Parking

        • Parking Features: 1 Space Per Unit, Unpaved Drive
        • Other Parking: 1 Space Per Unit, Unpaved Drive

        Location Details

        Region

        • City/Region: 323 Eau Gallie

          MLS Details

          General

          • Days on Homes.com: 189
          • MLS Number: 926356
          • Listed: 2/5/2022
          • Last Updated: 8/7/2022
          • Offered By: Exp Realty, Llc
          • Listing Source: Space Coast Mls
          Monthly Payment Calculator

          $2,361

          Estimated Mortgage
          Principal & Interest
          $1,686
          Insurance
          $175
          Taxes
          $500
          Mortgage Insurance
          $0
          i
          Include PMI: Private Mortgage Insurance (PMI) is required by lenders if the down payment is less than 20% of the home price. It is recommended to include this field if your down payment is less than 20% of the home price.
          i
          If you or your spouse are active or retired military you may be eligible for special VA loan programs for veterans. The VA loan programs include benefits like no down payment and no private mortgage insurance (PMI).
          Price History
          • DateEventPrice
          • 07/24/2022$30,000$499,999
            Source: Space Coast MLS
          • 04/27/2022$70,000$529,999
            Source: Space Coast MLS
          • 03/10/2022$24,901$599,999
            Source: Space Coast MLS
          • 02/25/2022$24,100$624,900
            Source: Space Coast MLS
          • 02/05/2022listed$649,000
            Source: Space Coast MLS
          Nearby Schools
          School data provided by GreatSchools
          i
          The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs and consider family needs as a part of the school selection process.
          Points of Interest

          Airports

          Distance
          • Melbourne International
            5.5 mi

          Colleges

          Distance
          • EFSC Melbourne Campus
            4.0 mi
          • Florida Tech
            5.9 mi

          Military Bases

          Distance
          • Patrick Air Force Base
            10.9 mi
          • John F Kennedy Space Center
            37.7 mi

          Shopping Centers

          Distance
          • Pinetree Center
            1.2 mi
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          Listing Agent
          Charles Hoffhine
          EXP Realty, LLC
          Melbourne, FL
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          $499,999

          2,678 Sq. Ft.

          989 999 Coleman Street

          Melbourne, FL 32935

          Charles Hoffhine
          EXP Realty, LLC