Northview St. NE, Palm Bay, FL 32955

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Here is a multi-family cash-flow less than a  mile from the Indian River and a quick ride to Indialantic Beach. This is one long parcel with five units. There are four  2/1’s and one 1/1.  The 2/1’s have been renting for $600 and the 1/1 was renting for $400. However, current rental rates show that the 2/1’s could be raised to $650-$700 per month.

Each unit has central A/C and are between 4-5 years old. The 5 units are on individual meters for electric. The electrical was inspected and had no issues. The roof is about 3 years old, bathrooms just need minor updating, kitchen appliances are about 5 years old, all 2/1 units have ceramic tile, and the 1/1 is title and concrete.

More pics coming and we will have a showing coming up soon. Please RSVP if you are interested in seeing the property so we can coordinate the showing with you.

Powells Sub

Assignable

Est. Rehab: $35,000 +/-

Est. Monthly Rent: $3,000 – $3,200