1042 Sea Grape, Melbourne, FL 32935

$550,000
4,800
SqFt
List Price
$550,000
MLS#
872071
Status
ACTIVE
Type
Multifamily
Sub Type
5 - 10 Units
County
Brevard
City
Melbourne
Area
Eau Gallie
Subdivision
Riverview
Living Area
4,800
Total Square Feet
4,860
Acres
0.5
Year Built
1984

Property Description

100% occupied MultiFamily Investment opportunity with very low turnover. These 8 units consist of 1 Studio, Four 1 bedrooms , & three 2 bedroom Apartments . All Tenants are Month 2 Month but been there for awhile. Cash Cow that currently yields an 8.5% return after expenses. This property is adjacent to another like property that is also available and consists of 9 more apartments. Family Estate sale, as the current heirs live out of state.

Additional Information

Style
One Story
Hoa
None
Tax Year
2019
Tax Amount
$6,229
Location Description
City
Equipment And Appliances
Other - Call Agent
Utilities
City Water, Common Water
Exterior Finish
Stucco
Construction
Concrete Block, Frame - Wood
Roof
Shingle - Asphalt
Floor
Other - Call Agent
Elementary School
Creel
Middle School
Johnson
High School
Eau Gallie

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Curri Properties.