89 Nw Irwin Avenue, West Melbourne, FL 32904

$1,799,000
7,728
SqFt
List Price
$1,799,000
MLS#
959299
Status
ACTIVE
Type
Multifamily
Sub Type
10+ Units, Other - Call Agent
County
Brevard
City
West Melbourne
Area
West Melbourne
Subdivision
Mona Park Subd
Living Area
7,728
Total Square Feet
7,944
Acres
0.58
Year Built
1973
Days on Market
16

Property Description

Turn-Key Income Producing Property. Sale includes 89, 87, and 85 NW Irwin Avenue. 89 NW Irwin is a 2-story, 8-unit Apartment Building with 8 1-bedroom/1-bathroom units. 87 NW Irwin is a 3-bedroom/2-bathroom SFR, and 85 NW Irwin is a duplex with each unit having 2-bedrooms and 1-bathroom. Entire complex has recently been renovated and is now fully occupied and producing consistent monthly income. Building is currently operating at a 7.4% Cap rate based on asking price, but there is potential for improvement!

Additional Information

Style
Other - Call Agent, Two Story
Hoa
None
Tax Year
2022
Tax Amount
$9,031
Location Description
City Lot, Paved Street, West of US1
Equipment And Appliances
Electric Range, Refrigerator
Utilities
Cable Available, City Water, Sewer Connected
Exterior Finish
Brick, Painted, Stucco
Construction
Combination
Roof
Membrane, Rolled Comp, Shingle - Asphalt
Floor
Ceramic Tile
Elementary School
University Park
Middle School
Stone
High School
Melbourne

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Engel & Voelkers Melb. Central.