989-999 Coleman Street Melbourne, FL $ 524,900
989-999 Coleman Street
$ 524,900
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989-999 Coleman Street

Melbourne, FL, 32935
$ 524,900
Baths0.0 Sq 2,678

Monthly Estimate*

$ 3,489

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View a Virtual Tour
Studio

Multi-Family Home for sale in Melbourne, FL

for $524,900. This 2,678 square foot home was built in 1964 on a lot size of 0.2.

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.

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Multi-Family Pending

Price

$ 524,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,258

Style

Multi Family

Lot Size

0.2

Year Built

1964

Town/City

Melbourne

County/Region

Brevard

MLS | Web ID

1003804

Features
General
Sewer Public Sewer
Heating Central Electric Separate Meters
Cooling Central Air Separate Meters Wall/Window Unit(s)
Utilities Cable Available Electricity Connected Sewer Connected Water Connected Separate Electric Meters Separate Water Meters
Possession Close Of Escrow
Roof Membrane
Appliances Electric Oven Electric Water Heater Refrigerator
Pool Features None
Security Features Smoke Detector(s)
Construction Materials Concrete Stucco
Year Built 1964
Electric 100 Amp Service
Tenant Pays Cable TV Electricity Hot Water Sewer Trash Collection Water
View Other
Stories 1
Levels One
Property SubType Multi Family
Tax Year 2023
Current Use Multi-Family
Gross Income 61740.0
Additional Parcels Description 2736697
County Brevard
Operating Expense 10000.0
New Construction N
Property Type Residential Income
Association Amenities None
HOA / Comm Assn N
Attached Garage N
Subdivision Name Eau Gallie Village Plat of
Facing Direction North
Garage Y/N N
Status Pending
Directions US 1 North from Eau Gallie Blvd. Left on Masterson Right on Avocado Ave Property is on corner of Coleman Street and Avocado Avenue
High School Eau Gallie
City Melbourne
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 5
MLS Area 323 - Eau Gallie
Lot Size Units Acres
Lot Size Square Feet 8712.0
Waterfront Y/N N
Carport Y/N N
Street Name Coleman
Elementary School Creel
Tax Annual Amount 4258.8
Home Warranty Y/N N
Middle/Junior High School Johnson
Lease Renewal Y/N N
MLS Area Minor 323 - Eau Gallie
Lease Considered Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/spc/1003804
Standard Status Pending
Legal Description EAU GALLIE VILLAGE PLAT OF LOT 8 BLK 34
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Interior
Flooring Tile Vinyl
Furnished Y/N Unfurnished
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Street Suffix Street
Laundry Features None
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features Parking Lot Unassigned
Lot Features Corner Lot
Water Source Public
Lot Size Area 0.2
Number of Buildings 1
Spa N
Building Area Total 2987.0
Lot Size Acres 0.2
Road Surface Type Asphalt
Road Frontage Type City Street
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 989999
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* Excluded Features
List By
Real Broker Llc

Broker

Affordability Calculator

$3,843
Per Month
91%
9%
0%
Monthly Principal & Interest
$3,489
Monthly Property Taxes
$355
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
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Nearby
1362997 Elementary School
1363011 Middle School
Eau Gallie High School High School
Pricing History
DatePricePrice ChangeDescription
4/13/2024$524,900 -4.39% Price Down
2/2/2024$549,000 Listed Price

Map


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989-999 Coleman Street, Melbourne, FL, 32935 is a Multi-Family Home for sale at $524,900 with 2,678 sqft and a lot size of 0.2. 989-999 Coleman Street is a studio with 0.0 baths and was built in 1964. The property's zip code is 32935 which is in Melbourne, FL