$320,000
Merritt Island, FL 32952
MLS# 869455
Status: Closed
2077 sqft
1 / 8
Property Description
Great opportunity to own this established Assisted Living Facility in Merritt Island close to shops and the beach. This facility is licensed for 6 residents. Currently has 5 residents. Net income for 2019 was 60k. Private backyard. Come take a look! Seller will consider holding 2nd note
Details
Maps
Location, Tax, and Legal
Tax Account: 2427358
Parcel Number: 24-36-35-75-0000c.0-0006.00
General County Location: Central
Elementary School: Tropical
Middle School: Jefferson
High School: Merritt Island
Tax Annual Amount: 2629.09
Tax Year: 2019
Tax Legal Description: BELAIRE SUBD LOT 6 BLK C
Directions: Just south of 520 make left on Carib then Left on Bahama.
General Property Information
Number Of Units Total: 1
Living Area: 2045
Living Area Source: Public Records
Building Area Total: 2077
Lot Size Acres: 0.18
Lot Size Square Feet: 7841
Association YN: No
Garage YN: No
Property Use: 01
Garage Spaces: 0
Carport YN: Yes
Carport Spaces: 1
Waterfront YN: No
Open Parking Spaces: 4
Parking Total: 4
Water Frontage Feet: 0
Use Code: 01 / SINGLE FAMILY R
Water Body Access YN: No
Pool Private YN: No
List Price/SqFt: 168.61
Sold Price/SqFt: 156.48
Year Built: 1963
Remarks and Miscellaneous
Public Remarks: Great opportunity to own this established Assisted Living Facility in Merritt Island close to shops and the beach. This facility is licensed for 6 residents. Currently has 5 residents. Net income for 2019 was 60k. Private backyard. Come take a look! Seller will consider holding 2nd note
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Closing Company Details
Closing Company Name: Title Solutions of Florida LLC
Closing Company Address: 2235 N Courtenay Parkway, Merritt Island FL 32953
Construction Materials
Block: 1
Brick: 1
Concrete: 1
Cooling
Central Air: 1
Electric: 1
Flooring
Laminate: 1
Tile: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Lease Option: 1
Lease Purchase: 1
Parking Features
Carport: 1
Pool Features
None: 1
Income and Expenses
Gross Income: 0
Gross Scheduled Income: 246000
Net Operating Income: 60000
Operating Expense: 130000
Owner Pays
Cable TV: 1
Electricity: 1
Other: 1
Road Surface Type
Paved: 1
Roof
Shingle: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Showing Requirements
Appointment Only: 1
Historical Information
Public Historical Remarks 3: Number of Buildings: 1 Building
Contract Information
Current Price: $320,000
Original List Price: 348800
Sold Price: $320,000
Status: Closed
Listing Contract Date: 2020-02-27
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 280
Street Name: Bahama
Street Suffix: Drive
County: Brevard
State: FL
Postal Code: 32952
MLS Area Major: 253 - S Merritt Island
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2023-11-11T03:45:22Z
Major Change Type: Price Reduced
Price Change Timestamp: 2020-05-21T16:30:13Z
Status Change Timestamp: 2020-11-17
Purchase Contract Date: 2020-06-06
Close Date: 2020-10-02
Close Price: 320000
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer
Construction Materials: Block; Brick; Concrete
Cooling: Central Air; Electric
Flooring: Laminate; Tile
Levels: One
Listing Terms: Cash; Conventional; Lease Option; Lease Purchase
Owner Pays: Cable TV; Electricity; Other
Parking Features: Carport
Pool Features: None
Road Surface Type: Paved
Roof: Shingle
Special Listing Conditions: Standard
Utilities: Cable Available
Showing Requirements: Appointment Only
Listing Office: Florida Homes Rlty. & Mtg. LLC
Last Updated: June - 25 - 2026
Information is deemed to be reliable, but is not guaranteed.