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989 - 999 Coleman Street Melbourne, FL 32935

  • 5 No. of Units
  • 2,678 sqft
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MultiFamily-Active $ 529,999

MLS#: 926356

Courtesy of: Charles Hoffhine, EXP Realty LLC

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Description

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 6/1/2022 generating just under $3800 in monthly rents. 5th unit should be occupied by July 1. Annual income when all 5 units rented at $950+ = $57,000+/yr $4750 Projected Monthly Rent Expenses 2022 Taxes $208/month Insurance $129/month Lawn Service $45/month Pest $141/month Property Management $400/month 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

Specifications


    Contract Information


  • Standard
  • 197.91
  • Tax Rolls

    Location, Tax & Legal


  • 2497.79
  • 2021
  • South
  • 08 / MULTIPLE LIVING
  • EAU GALLIE, VILLAGE PLAT OF

    General Property Description


  • 2678
  • 2678
  • None
  • No
  • No

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