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85-89 NW Irwin Ave 11 Unit Apartment Building $1,499,000 ($136,273/Unit) 9.24% Cap Rate West Melbourne, FL 32904
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,499,000 | Building Class | C |
| Price Per Unit | $136,273 | Lot Size | 0.58 AC |
| Sale Type | Investment | Building Size | 7,728 SF |
| Cap Rate | 9.24% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.6 | No. Stories | 2 |
| No. Units | 11 | Year Built | 1973 |
| Property Type | Multifamily | Parking Ratio | 2.59/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R2 - Residential | ||
| Price | $1,499,000 |
| Price Per Unit | $136,273 |
| Sale Type | Investment |
| Cap Rate | 9.24% |
| Gross Rent Multiplier | 9.6 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 7,728 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 2.59/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R2 - Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,450 | 750 |
| 2+1 | 2 | $1,650 | 1,100 |
| 3+2 | 1 | $2,050 | 1,300 |
1 1
PROPERTY TAXES
| Parcel Number | 28-37-05-02-0000C.0-0006.00 | Total Assessment | $999,400 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
28-37-05-02-0000C.0-0006.00
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$999,400 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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85-89 NW Irwin Ave
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