$850,000
4865 N Highway 1 N, 7
Palm Shores, FL 32940
MLS# 872520
Status: Closed
6226 sqft


4865 N Highway 1 N, 7, Palm Shores, FL 32940
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4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940 4865 N Highway 1 N, 7, Palm Shores, FL 32940

Property Description
Here is your chance to buy an income property direct river that will pay you to own it with HUGE upside potential! Consisting of 3 separate structures. 2- Triplexes and a Large 3 Bedroom 2 bath house with 3 adjoining apartments. This multi-family Income property can earn you a nice return on your money, you can do short term rentals to increase the ROI or later on build your dream home . Lot is 1.24 acres, has a coquina sea wall, with city water and sewer available for hookup. This property spins off $93,000 in gross income and is in a prime location in the north Melbourne area (Palm shores proper) Take advantage of this investment opportunity today and make it what it can become.

Details
Maps
Contract Information
Current Price: $800,000
Original List Price: 950000
Sold Price: $800,000
Status: Closed
Listing Contract Date: 2020-04-02
Property Sub Type: Multi Family
Location, Tax, and Legal
Street Number: 4865
Street Direction Prefix: N
Street Name: Highway 1
Street Direction Suffix: N
Unit Number: 7
Tax Account: 2609625
Parcel Number: 26-37-29-Dt-00000.0-0026.00
County: Brevard
State: FL
Postal Code: 32940
MLS Area Major: 322 - NE Melbourne/Palm Shores
General County Location: South
Subdivision Name: Honeybrook Plantation
Elementary School: Creel
Middle School: DeLaura
High School: Satellite
Tax Year: 2019
Tax Legal Description: HONEYBROOK PLANTATION LOT 26 EX HWY R/W
Directions: South of Pineda Causeway on the East Side of US1 on the river.
General Property Information
Number Of Buildings: 3
Number Of Units Total: 10
Living Area: 6151
Living Area Source: Public Records
Building Area Total: 6226
Year Built: 1951
Garage YN: No
Carport YN: No
Lot Size Acres: 1.24
Lot Size Square Feet: 54014
Association YN: No
Use Code: 03 / GARDEN APARTMEN
Waterfront YN: Yes
Water Body Name: Indian River
Senior Community YN: No
List Price/SqFt: 138.19
Sold Price/SqFt: 130.06
Remarks and Miscellaneous
Public Remarks: Here is your chance to buy an income property direct river that will pay you to own it with HUGE upside potential! Consisting of 3 separate structures. 2- Triplexes and a Large 3 Bedroom 2 bath house with 3 adjoining apartments. This multi-family Income property can earn you a nice return on your money, you can do short term rentals to increase the ROI or later on build your dream home . Lot is 1.24 acres, has a coquina sea wall, with city water and sewer available for hookup. This property spins off $93,000 in gross income and is in a prime location in the north Melbourne area (Palm shores proper) Take advantage of this investment opportunity today and make it what it can become.
Status Change Information
Major Change Timestamp: 2023-11-11T03:45:22Z
Major Change Type: Price Reduced
Price Change Timestamp: 2020-07-28T18:57:29Z
Status Change Timestamp: 2020-11-27
Purchase Contract Date: 2020-09-04
Close Date: 2020-11-25
Close Price: 800000
Closing Company Details
Closing Company Name: Cantwell & Goldman
Income and Expenses
Gross Scheduled Income: 93120
Net Operating Income: 70716
Operating Expense: 22403.67
Historical Information
Public Historical Remarks 1: Legal/Misc-Homestead: No, Legal/Misc-Home Warranty: No, Lot Description-Sold As-Is: Yes, Lot Description-County: Y
Public Historical Remarks 3: Contact: List Agent, Style-Efficiency/Studio: Y
Property Features
Appliances: Other
Construction Materials: Block; Concrete; Stucco
Flooring: Other
Levels: One
Listing Terms: Cash; Conventional
Owner Pays: Insurance; Taxes; Other
Pool Features: None
Roof: Shingle
Special Listing Conditions: Standard
Utilities: Cable Available; Water Available
Water Source: Public
Waterfront Features: River Front
Showing Requirements: Appointment Only; Call Listing Office

Listing Office: Realty World Curri Properties

Last Updated: December - 16 - 2023


The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

The listing broker’s offer of compensation is made only to participants of Space Coast MLS as well as Florida Realtors® MLS Advantage Participants and Particpants in the Coast2Coast datashare.