1628 Sue, Cocoa, FL 32922

$105,000
1,636
SqFt
Sold Price
$105,000
List Price
$115,999
Closing Date
Apr 03, 2020
MLS#
867691
Status
CLOSED
Type
Multifamily
Sub Type
Quadplex
County
Brevard
City
Cocoa
Area
Cocoa
Living Area
1,636
Total Square Feet
1,636
Acres
0.39
Year Built
1958

Property Description

INVESTOR ALERT w/potential 13.45% ROI once remodeled!! There are 2 duplexes consisting of a total of (4) 1 bedroom/1 bath units that sit on one parcel of land (0.39 acres). There are two water meters (paid by the landlord and included in the rent) along with 4 electrical meters for each unit. 1630 Sue Dr. (west building) has recently gotten a new roof, septic tanks and drain field (see document section for recent invoices). 1628 Sue (south building) needs a new roof, septic & drain field, odd's and ends. Both currently rented one at $550 and the other at $450. The tenant paying $450 helps with the repairs and property management around the units so his rent might be discounted or even traded for labor from the sounds of it. I have attached a CAP rate proforma to help justify the numbers

Additional Information

Style
One Story
Hoa
None
Tax Year
2019
Tax Amount
$2,225
Location Description
Dead End Street, Paved Street
Equipment And Appliances
Other - Call Agent
Utilities
Cable Available, City Water, City Water Available, Sep Elect Meter(s), Septic, Septic Aerobic
Exterior Finish
Painted
Construction
Concrete Block
Roof
Shingle - Asphalt
Floor
Other - Call Agent
Elementary School
Saturn
Middle School
Cocoa
High School
Cocoa

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of ITG Realty. Selling Office: Blue Marlin Real Estate CB.