$999,000
Palm Bay, FL 32905
MLS# 1076991
18 beds | 12 baths | 5484 sqft
1 / 36
Property Description
Turnkey investment opportunity featuring six fully rented 3-bedroom, 2-bath condos, each producing positive cash flow. All units offer interior laundry rooms with stacked washer/dryers and have effective dates of 2022-2023. Recent improvements include replaced appliances throughout, new bathroom tile, luxury vinyl plank flooring in five units, and newly installed porcelain tile in the sixth. A/C systems in five condos were replaced between 2020-2022; the remaining unit has been inspected and is functioning well. HOA dues are $367 per unit and include water, sewer, master insurance, cable, internet, grounds maintenance, and pool maintenance. Additional capital improvements include a 2025 roof replacement and scheduled exterior painting in May 2026. Unit 201 also received new appliances and fresh interior paint in May 2026. A strong, income-producing portfolio with major updates already completed.
Details
Maps
Location, Tax, and Legal
Unit Number: L101,103,104,201,203,204
Tax Account: 2837019
General County Location: South
Elementary School: Rivieria
Middle School: Stone
High School: Palm Bay
Tax Annual Amount: 2256.71
Tax Year: 2025
Tax Legal Description: COUNTRY GARDENS II CONDO UNIT L-101 COUNTRY GARDENS II CONDO AS DESC IN ORB 2516 PG 816 AND ALL AMENDMENTS THERETO.
Addl units L103,104,201,203,204
Zoning Description: Multi Family
Directions: From Babcock St turn onto Sunny Brook Lane
Make first left into Counrty Gardens , Block l will be on your left handside .
General Property Information
Number Of Buildings: 1
Number Of Units Total: 6
Stories Total: 2
Bathrooms Half: 0
Living Area: 5484
Living Area Source: Public Records
Building Area Total: 5484
Lot Size Acres: 0.06
Lot Size Square Feet: 2614
Association YN: Yes
Association Fee: 367
New Construction YN: No
Association Fee Frequency: Monthly
Association Name: Diversified Property Management
Association Phone: 3219510641
Association Fee 2: 0
Garage YN: No
Carport YN: No
Waterfront YN: No
Open Parking Spaces: 12
Parking Total: 12
Senior Community YN: No
CDD Fee YN: No
Water Body Access YN: No
Furnished: Unfurnished
Stories: 2
Pool Private YN: Yes
List Price/SqFt: 182.17
Bedrooms Total: 18
Bathrooms Total: 12
Bathrooms Full: 12
Year Built: 1984
Remarks and Miscellaneous
Public Remarks: Turnkey investment opportunity featuring six fully rented 3-bedroom, 2-bath condos, each producing positive cash flow. All units offer interior laundry rooms with stacked washer/dryers and have effective dates of 2022-2023. Recent improvements include replaced appliances throughout, new bathroom tile, luxury vinyl plank flooring in five units, and newly installed porcelain tile in the sixth. A/C systems in five condos were replaced between 2020-2022; the remaining unit has been inspected and is functioning well. HOA dues are $367 per unit and include water, sewer, master insurance, cable, internet, grounds maintenance, and pool maintenance. Additional capital improvements include a 2025 roof replacement and scheduled exterior painting in May 2026. Unit 201 also received new appliances and fresh interior paint in May 2026. A strong, income-producing portfolio with major updates already completed.
Appliances
Dishwasher: 1
Electric Range: 1
Electric Water Heater: 1
Refrigerator: 1
Washer/Dryer Stacked: 1
Association Amenities
Cable TV: 1
Maintenance Grounds: 1
Maintenance Structure: 1
Management - On Site: 1
Pool: 1
Trash: 1
Water: 1
Association Fee Includes
Cable TV: 1
Internet: 1
Maintenance Grounds: 1
Maintenance Structure: 1
Sewer: 1
Trash: 1
Water: 1
Closing Company Details
Closing Company Name: Alliance Title Liz Cassella , Danielle Rogers
Closing Company Address: 10 S Harbor City Blvd , Melbourne
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Cooling
Central Air: 1
Current Use
Investment: 1
Multi-Family: 1
Flooring
Luxury Vinyl: 1
Tile: 1
Heating
Central: 1
Laundry Features
In Unit: 1
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Parking Features
Assigned: 1
Pool Features
In Ground: 1
Possession
Close Of Escrow: 1
Financial Data Source
Owner: 1
Income and Expenses
Gross Scheduled Income: 109080
Net Operating Income: 74925
Operating Expense: 34155
Income Includes
Rent Only: 1
Owner Pays
Association Fees: 1
Road Surface Type
Asphalt: 1
Roof
Shingle: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Corporate Owned: 1
Unit 1 Details
Unit ID: 101
Actual Rent: 1600
Unit SqFt: 914
Beds Total: 3
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: updated ground floor
Unit 2 Details
Unit ID: 103
Actual Rent: 1600
Unit SqFt: 914
Beds Total: 3
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: updated ground floor
Unit 3 Details
Unit ID: 104
Actual Rent: 1600
Unit SqFt: 914
Beds Total: 3
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: updated groundfloor
Unit 4 Details
Unit ID: 201
Actual Rent: 1600
Unit SqFt: 914
Beds Total: 3
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: updated 2nd floor
Unit 5 Details
Unit ID: 203
Actual Rent: 1600
Unit SqFt: 914
Beds Total: 3
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: updated 2nd floor
Unit 6 Details
Unit ID: 204
Actual Rent: 1600
Unit SqFt: 914
Beds Total: 3
Full Baths Total: 2
Furnished: Unfurnished
Unit Remarks: updated 2nd floor
Utilities
Cable Connected: 1
Electricity Connected: 1
Separate Electric Meters: 1
Sewer Available: 1
Water Available: 1
View
Trees/Woods: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Call Listing Office: 1
No Sign: 1
Showing Considerations
Occupied: 1
Contract Information
Current Price: $999,000
Original List Price: 999000
List Price: $999,000
Status: Active
Listing Contract Date: 2026-05-11
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 1656
Street Name: Sunny Brook
Street Suffix: Lane
Street Direction Suffix: NE
County: Brevard
State: FL
Postal Code: 32905
MLS Area Major: 340 - NE Palm Bay
Subdivision Name: Country Gardens II Condo
Status Change Information
Major Change Timestamp: 2026-05-11T15:58:16Z
Major Change Type: New Listing
Status Change Timestamp: 2026-05-11
Property Features
Appliances: Dishwasher; Electric Range; Electric Water Heater; Refrigerator; Washer/Dryer Stacked
Association Amenities: Cable TV; Maintenance Grounds; Maintenance Structure; Management - On Site; Pool; Trash; Water
Association Fee Includes: Cable TV; Internet; Maintenance Grounds; Maintenance Structure; Trash; Water
Construction Materials: Block; Concrete; Stucco
Cooling: Central Air
Current Use: Investment; Multi-Family
Financial Data Source: Owner
Flooring: Luxury Vinyl; Tile
Heating: Central
Income Includes: Rent Only
Laundry Features: In Unit
Levels: Two
Listing Terms: Cash; Conventional
Owner Pays: Association Fees
Parking Features: Assigned
Pool Features: In Ground
Possession: Close Of Escrow
Road Surface Type: Asphalt
Roof: Shingle
Sewer: Public Sewer
Special Listing Conditions: Corporate Owned
Utilities: Cable Connected; Electricity Connected; Separate Electric Meters; Sewer Available; Water Available
View: Trees/Woods
Water Source: Public
Showing Considerations: Occupied
Showing Requirements: Appointment Only; Call Listing Agent; Call Listing Office; No Sign
Listing Office: Dale Sorensen Real Estate Inc.
Last Updated: May - 11 - 2026
Information is deemed to be reliable, but is not guaranteed.