989-999 Coleman Street, Melbourne, FL 32935

Property Details:

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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• Acreage0.20
• Area323 - Eau Gallie
• BuildingsNo
• CityMelbourne
• CountyBrevard
• DirectionsUS 1 North from Eau Gallie Blvd.Left on MastersonRight on Avocado AveProperty is on corner of Coleman Street and Avocado Avenue
• Fixer UpperNo
• General County LocationSouth
• Legal DescriptionEAU GALLIE, VILLAGE PLAT OF LOT 8 BLK 34
• List Price/SqFt$196 / sqft
• Listing ID1003804
• Listing StatusPending
• Manager/Owner OccupiedUnfurnished
• Number of Units1
• PoolNo
• Prop TypeMulti Family
• Property TypeMultifamily
• SqFt - Living2,678 sqft
• State/ProvinceFL
• StatusPending
• Status Change DateWednesday, May 15th, 2024
• Street NameColeman
• Street Number989-999
• Street SuffixStreet
• SubdivisionEau Gallie Village Plat Of
• Tax Year2023
• Taxes$4,258.80
• UnBranded Virtual TourClick Here
• Under Contract DateWednesday, May 15th, 2024
• Year Built1964
• Zip Code32935