2123 Washington St NE
Palm Bay, FL 32905
Jonathan Dasht · Multifamily Property For Sale
·
11 Units
Property Facts
| No. Units | 11 | Building Size | 6,084 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1964/2019 |
| Building Class | B | Parking Ratio | 1.55/1,000 SF |
| Lot Size | 0.49 AC | ||
| Zoning | RS3 - residential | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.49 AC |
| Building Size | 6,084 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1964/2019 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | RS3 - residential |
Amenities
Site Amenities
- Laundry Facilities
About 2123 WASHINGTON ST NE , PALM BAY, FL 32905
2123 Washington St Separate meters Unit A- (2/1) Unit B- (1/1) Unit C- (3/1) Total rent- $2425 2131 Washington St Same meter, Utilities included Unit A- (1/1) Unit B- (2/1) Unit C- (2/1) Efficiency* Total rent- $3425 2139 Washington St Same meter, Utilities Included Unit A - (1/1) Unit B- Efficiency Unit C- (3/1) Efficiency* Total rent- $3150 Vending/laundry- 2k+ annually *Total Yearly- $110k* EXPENSES: Utilities-$5000-8000 est Insurance- $4000 (About 1200 per building yearly) Property taxes- $5000 yearly Yard-1800 Miscellaneous-5000 Total yearly expense-21k Net operating expense: $89,000 Asking-750k Cap rate = 11%+ All 3 buildings are side by side (Huge management advantage) Coin Laundry on site/ vending All 3 buildings have new metal roofs done November 2019 Large parking area Most units are tile throughout and very up to date/renovated Many long term tenants City water & sewage PVC plumbing CBS Hurricane strapped (Insurance deductions $$$) Call Jonny at 772-888-6940
Property Taxes
| Parcel Number | 28-37-14-50-00015.0-0015.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $820,500 |
Property Taxes
