The Space Coast Beach Blog: January 2016

Sneak Peek: Updated Multi-Family Complex in Palm Bay, FL

www.SpaceCoastHomesNow.com

$250,000

This is quite a deal for those looking for Space Coast investment property. 6-unit complex located just off US1...just south of the City of Melbourne in Palm Bay, FL.

Here are some highlights:

1, Tremendous gross and net income figures (see below)

2. Remodeled and updated between 2013-2015.

3. Fully rented.

4. Near Melbourne and FIT (college).

Here is a breakdown of the financials:

Monthly Income
House $900
Unit A 600
Unit B 600
Unit C 700
Unit D 700
Unit E 700

Total $4,200 per month
Monthly Expenses FPL $600 Water, sewer 200 Maintenance 200 Taxes 200 Insurance 275 Total $1,475 per month
Net $4,200 - $1,475 = $2,725 per month or $32,700 per year net profit

Call me at 321.223.6253 or email me at jdimuria@aol.com  for additional details, or to view the complex.

courtyardHouseKitchenetteBathroom

 

Jeffrey DiMuria

Waves Realty
Broker/Owner
2018 Melbourne Ct, suite 206
Melbourne, FL 32901

Phone: 321.223.6253         

e-mail:  Jeff@WavesRealtyFL.com 

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