Huge Income Potential with this newly painted Multi-family 5 Plex in Central Melbourne near US1 and Eau Gallie Art District. All units occupied with $5145/month income ($1025 x4, $1045x1). Professionally managed with no vacancies expected over the next 6 months. New roof January 2022. Unit 989 has central HVAC. 993-999 have central ducting system but currently have window units. Units 997 and 995 have had cast iron pipes replaced with PVC. 989, 993, and 999 have been inspected in 2022 with no issues with cast iron. Units 993, 995 and 997 have been recently rehabbed.
Sold for $469,480
$469,480
989-999 Coleman St, Melbourne, FL 32935
5beds
5baths
2,678sqft
Multi Family
Built in 1964
-- sqft lot
$505,800 Zestimate®
$175/sqft
$1,855 Estimated rent
Home value
$505,800
$460,000 - $561,000
$1,855/mo
Zestimate® history
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Central hvacCentral ducting systemNew roof
Zillow last checked:
Listing updated:
Listed by:
Charles Richard Hoffhine 321-961-8714,
Real Broker LLC
Bought with:
Non-Member Non-Member Out Of Area, nonmls
Non-MLS or Out of Area
Source: Space Coast AOR,MLS#: 1003804
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Heating
- Central, Electric, Separate Meters
Cooling
- Central Air, Separate Meters, Wall/Window Unit(s)
Appliances
- Included: Electric Oven, Electric Water Heater, Refrigerator
- Laundry: None
Features
- Flooring: Tile, Vinyl
- Has fireplace: No
Interior area
- Total structure area: 2,987
- Total interior livable area: 2,678 sqft
Property
Parking
- Parking features: Parking Lot, Unassigned
Features
- Levels: One
- Stories: 1
- Pool features: None
- Has view: Yes
- View description: Other
Lot
- Size: 8,712 Square Feet
- Features: Corner Lot
Details
- Additional parcels included: 2736697
- Parcel number: 27371625348
- Special conditions: Owner Licensed RE
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Concrete, Stucco
- Roof: Membrane
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Sewer Connected, Water Connected, Separate Electric Meters, Separate Water Meters
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Eau Gallie Village Plat of
HOA
- Has HOA: No
- Amenities included: None
Location
- Region: Melbourne
Financial & listing details
- Price per square foot: $175/sqft
- Annual tax amount: $4,258
- Date on market: 5/3/2024
- Listing terms: Cash,Conventional
- Tenant pays: Cable TV, Electricity, Hot Water, Sewer, Trash Collection, Water
- Income includes: Rent Only
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 7/10/2024 | Sold | $469,480-10.6%$175/sqft |
Source: Space Coast AOR #1003804 Report a problem | ||
| 5/16/2024 | Pending sale | $524,900$196/sqft |
Source: Space Coast AOR #1003804 Report a problem | ||
| 5/3/2024 | Listed for sale | $524,900$196/sqft |
Source: Space Coast AOR #1003804 Report a problem | ||
| 4/27/2024 | Pending sale | $524,900$196/sqft |
Source: Space Coast AOR #1003804 Report a problem | ||
| 4/13/2024 | Price change | $524,900-4.4%$196/sqft |
Source: Space Coast AOR #1003804 Report a problem | ||
| 2/2/2024 | Listed for sale | $549,000+9.8%$205/sqft |
Source: Space Coast AOR #1003804 Report a problem | ||
| 10/28/2022 | Listing removed | -- |
Source: Space Coast AOR #926356 Report a problem | ||
| 10/13/2022 | Listed for sale | $499,999$187/sqft |
Source: Space Coast AOR #926356 Report a problem | ||
| 10/11/2022 | Contingent | $499,999$187/sqft |
Source: Space Coast AOR #926356 Report a problem | ||
| 7/24/2022 | Price change | $499,999-5.7%$187/sqft |
Source: Space Coast AOR #926356 Report a problem | ||
| 7/20/2022 | Listed for sale | $529,999$198/sqft |
Source: Space Coast AOR #926356 Report a problem | ||
| 7/10/2022 | Contingent | $529,999$198/sqft |
Source: Space Coast AOR #926356 Report a problem | ||
| 4/27/2022 | Price change | $529,999-11.7%$198/sqft |
Source: Space Coast AOR #926356 Report a problem | ||
| 3/11/2022 | Price change | $599,999-4%$224/sqft |
Source: Space Coast AOR #926356 Report a problem | ||
| 2/25/2022 | Price change | $624,900-3.7%$233/sqft |
Source: Space Coast AOR #926356 Report a problem | ||
| 2/6/2022 | Listed for sale | $649,000$242/sqft |
Source: Space Coast AOR #926356 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 32935
Nearby homes
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Nearby schools
GreatSchools rating
- 3/10Dr. W.J. Creel Elementary SchoolGrades: PK-7Distance: 0.6 mi
- 4/10Eau Gallie High SchoolGrades: PK,9-12Distance: 0.9 mi
- 4/10Lyndon B. Johnson Middle SchoolGrades: 7-8Distance: 1.1 mi
Schools provided by the listing agent
- Elementary: Creel
- Middle: Johnson
- High: Eau Gallie
Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$505,800
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Estimated market value
$505,800
- Florida
- Brevard County
- Melbourne
- 32935
- 989-999 Coleman St
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