$230,000
Palm Bay, FL 32909
MLS# 851304
Status: Closed
3856 sqft
1 / 10
Property Description
Take a look at this ivestment property. This is a fantastic investment for making great income after some work has been done inside. 3 of the 4 units are in need of some work. 1 unit is rented and the other 3 are currently vacant.The building is on a well and septic system. Lot could be large enough to add another building. Each unit has their own electric meter, laundry hook up, septic tank and individual a/c unit. This building is being sold as is. There are no seller's disclosures.
Details
Maps
Location, Tax, and Legal
Tax Account: 2922976
Parcel Number: 29-37-03-26-01983.0-0012.00
General County Location: South
Elementary School: Port Malabar
Middle School: Stone
High School: Palm Bay
Tax Annual Amount: 6059.23
Tax Year: 2018
Tax Legal Description: PORT MALABAR UNIT 40 LOT 12 BLK 1983
Directions: Babcock Street south, past Malabar Road, left Agora Circle drive east to curve. S/W corner building.
General Property Information
Number Of Units Total: 4
Living Area: 3856
Living Area Source: Public Records
Building Area Total: 3856
Lot Size Acres: 0.72
Lot Size Square Feet: 31363
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: 67.43
Sold Price/SqFt: 59.65
Year Built: 1986
Remarks and Miscellaneous
Public Remarks: Take a look at this ivestment property. This is a fantastic investment for making great income after some work has been done inside. 3 of the 4 units are in need of some work. 1 unit is rented and the other 3 are currently vacant.The building is on a well and septic system. Lot could be large enough to add another building. Each unit has their own electric meter, laundry hook up, septic tank and individual a/c unit. This building is being sold as is. There are no seller's disclosures.
Appliances
Dishwasher: 1
Electric Range: 1
Refrigerator: 1
Closing Company Details
Closing Company Name: Sunbelt Title Agency
Closing Company Address: 1800 W Hibiscus Blvd Melbourne, FL 32901
Construction Materials
Frame: 1
Stucco: 1
Wood Siding: 1
Cooling
Central Air: 1
Flooring
Carpet: 1
Tile: 1
Vinyl: 1
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Corner Lot: 1
Pool Features
None: 1
Possession
Close Of Escrow: 1
Financial Data Source
Owner: 1
Income and Expenses
Gross Income: 0
Gross Scheduled Income: 44400
Net Operating Income: 38331
Operating Expense: 6069
Owner Pays
Grounds Care: 1
Taxes: 1
Road Surface Type
Paved: 1
Roof
Shingle: 1
Sewer
Septic Tank: 1
Special Listing Conditions
Standard: 1
Water Source
Well: 1
Showing Requirements
Appointment Only: 1
Showing Considerations
Occupied: 1
Historical Information
Public Historical Remarks 3: Possible Financing-1031 Exchange: Y, Number of Buildings: 1 Building
Contract Information
Current Price: $230,000
Original List Price: 259999
Sold Price: $230,000
Status: Closed
Listing Contract Date: 2019-07-23
Property Sub Type: Quadruplex
Location Tax and Legal
Street Number: 1915
Street Name: Agora
Street Suffix: Circle
Street Direction Suffix: SE
County: Brevard
State: FL
Postal Code: 32909
MLS Area Major: 342 - Malabar/Grant-Valkaria
Status Change Information
Major Change Timestamp: 2019-08-07T19:35:27Z
Major Change Type: Status Change
Status Change Timestamp: 2019-08-07
Purchase Contract Date: 2019-07-25
Close Date: 2019-08-07
Close Price: 230000
Property Features
Appliances: Dishwasher; Electric Range; Refrigerator
Construction Materials: Frame; Stucco; Wood Siding
Cooling: Central Air
Financial Data Source: Owner
Flooring: Carpet; Tile; Vinyl
Levels: Two
Listing Terms: Cash; Conventional
Lot Features: Corner Lot
Owner Pays: Grounds Care; Taxes
Pool Features: None
Possession: Close Of Escrow
Road Surface Type: Paved
Roof: Shingle
Sewer: Septic Tank
Special Listing Conditions: Standard
Water Source: Well
Showing Considerations: Occupied
Showing Requirements: Appointment Only
Listing Office: RE/MAX Elite
Last Updated: December - 29 - 2025
Information is deemed to be reliable, but is not guaranteed.