$400,000
Palm Bay, FL 32909
MLS# 816781
Status: Closed
3664 sqft
1 / 15
Property Description
Great Investment Opportunity! All 4 units are currently occupied. Building is set for section 8 but only 1 tenant is currently under section 8. This is at a 8.8% CAP.
Details
Maps
Location, Tax, and Legal
Tax Account: 2923015
Parcel Number: 29-37-03-26-01985.0-0007.00
General County Location: South
Elementary School: Port Malabar
Middle School: Stone
High School: Palm Bay
Tax Annual Amount: 5710.86
Tax Year: 2017
Tax Legal Description: PORT MALABAR UNIT 40 LOT 7 BLK 1985
Directions: From Malabar take Babcock south to Convair and head east until you see 1831 Convair on your left.
General Property Information
Number Of Units Total: 4
Living Area: 3664
Living Area Source: Public Records
Building Area Total: 3664
Lot Size Acres: 0.69
Lot Size Square Feet: 30056
Association YN: No
Garage YN: No
Garage Spaces: 0
Carport YN: No
Carport Spaces: 0
Waterfront YN: No
Water Body Access YN: No
Pool Private YN: No
List Price/SqFt: 110.51
Sold Price/SqFt: 109.17
Year Built: 1986
Remarks and Miscellaneous
Public Remarks: Great Investment Opportunity! All 4 units are currently occupied. Building is set for section 8 but only 1 tenant is currently under section 8. This is at a 8.8% CAP.
Appliances
Dishwasher: 1
Electric Range: 1
Refrigerator: 1
Association Amenities
Management - Live In: 1
Closing Company Details
Closing Company Name: Prestige Title
321-242-7660
Closing Company Address: 5120 N Hwy US 1, Ste 103, Palm Shores, FL 32940
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Cooling
Central Air: 1
Electric: 1
Flooring
Carpet: 1
Laminate: 1
Tile: 1
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Corner Lot: 1
Pool Features
None: 1
Possession
Close Of Escrow: 1
Income and Expenses
Gross Income: 0
Gross Scheduled Income: 43200
Net Operating Income: 35889.14
Operating Expense: 9290.86
Owner Pays
Grounds Care: 1
Repairs: 1
Taxes: 1
Trash Collection: 1
Roof
Shingle: 1
Sewer
Septic Tank: 1
Special Listing Conditions
Standard: 1
Water Source
Well: 1
Showing Requirements
Appointment Only: 1
Historical Information
Public Historical Remarks 3: Number of Buildings: 1 Building
Contract Information
Current Price: $400,000
Original List Price: 375000
Sold Price: $400,000
Status: Closed
Listing Contract Date: 2018-06-18
Property Sub Type: Quadruplex
Location Tax and Legal
Street Number: 1831
Street Name: Convair
Street Suffix: Street
Street Direction Suffix: SE
County: Brevard
State: FL
Postal Code: 32909
MLS Area Major: 342 - Malabar/Grant-Valkaria
Status Change Information
Major Change Timestamp: 2023-11-11T03:44:53Z
Major Change Type: Price Change
Price Change Timestamp: 2018-07-30T13:49:34Z
Status Change Timestamp: 2018-09-10
Purchase Contract Date: 2018-08-07
Close Date: 2018-09-07
Close Price: 400000
Property Features
Appliances: Dishwasher; Electric Range; Refrigerator
Association Amenities: Management - Live In
Construction Materials: Block; Concrete; Stucco
Cooling: Central Air; Electric
Flooring: Carpet; Laminate; Tile
Levels: Two
Listing Terms: Cash; Conventional
Lot Features: Corner Lot
Owner Pays: Grounds Care; Repairs; Taxes; Trash Collection
Pool Features: None
Possession: Close Of Escrow
Roof: Shingle
Sewer: Septic Tank
Special Listing Conditions: Standard
Water Source: Well
Showing Requirements: Appointment Only
Listing Office: RE/MAX Solutions
Last Updated: December - 29 - 2025
Information is deemed to be reliable, but is not guaranteed.