89 NW Irwin Avenue, West Melbourne, FL 32904

Property Details:

Turn-Key Income Producing Property. Sale includes 89, 87, and 85 NW Irwin Avenue. 89 NW Irwin is a 2-story, 8-unit Apartment Building with 8 1-bedroom/1-bathroom units. 87 NW Irwin is a 3-bedroom/2-bathroom SFR, and 85 NW Irwin is a duplex with each unit having 2-bedrooms and 1-bathroom. Entire complex has recently been renovated and is now fully occupied and producing consistent monthly income. Building is currently operating at a 7.4% Cap rate based on asking price, but there is potential for improvement!

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• Acreage0.58
• Annual Gross Income$167,400
• Annual Operating Expenses$33,321
• Area331 - West Melbourne
• Buildings3 Buildings
• CityWest Melbourne
• Community PoolNo
• ConstructionCombination
• CoolingCentral Air
• CountyBrevard
• Cumulative DOM21
• Days On Market21
• DirectionsFrom 192, turn North on to NW Irwin Avenue. Property will be on the left.
• Elementary SchoolUniversity Park
• Equipment/AppliancesElectric Range and Refrigerator
• Expenses IncludeGarbage, Insurance, RE Taxes and Water-Sewer
• Exterior FinishBrick, Painted and Stucco
• Fixer UpperNo
• FloorCeramic Tile
• General County LocationSouth
• HeatCentral
• High SchoolMelbourne
• High SchoolMelbourne
• Home Owners AssocNone
• Homeowners AssociationNone
• Legal DescriptionMONA PARK SUBD LOTS 6,7 BLK C
• List Price/SqFt$232.79 / sqft
• Listing DateFriday, March 10th, 2023
• Listing ID959299
• Listing StatusActive
• Lot DescriptionCity Lot, Paved Street and West of US1
• Lot SqFt25,265 sqft
• Measurements FromTax Rolls
• Middle SchoolStone
• Number of Units11
• ParkingOpen Parking
• PoolNo
• PossessionClosing
• Possible Financing1031 Exchange, Cash and Pvt Financing Avlbl
• Private PoolNo
• Prop TypeIncome
• Property StatusStandard
• Property TypeMultifamily
• Rent IncludesOther
• RoofMembrane, Rolled Comp and Shingle - Asphalt
• Split BedroomNo
• SqFt - Living7,728 sqft
• SqFt - Total7,944 sqft
• SqFt - Total7,944 sqft
• State/ProvinceFL
• StatusActive
• Street DirectionNW
• Street NameIrwin
• Street Number89
• Street SuffixAvenue
• StyleOther - Call Agent,Two Story
• SubdivisionMona Park Subd
• Tax Year2022
• Taxes$9,031.03
• UnBranded Virtual TourClick Here
• Use Code03 / LOW RISE APARTM
• UtilitiesCable Available, City Water and Sewer Connected
• WaterfrontNo
• Year Built1973
• Zip Code32904